Hollywood blockbuster Spider-Man: Noway Home attracted cinema spectators in December, bringing Cineworld’s box office revenue to nearly 90% of pre-pandemic levels, despite the rapid spread of Omicron during the festive season I pushed it up.
The world’s second-largest cinema operator and owner of the Cineworld and Regal Picturehouse chains in the UK and Regal Cinemas in the US, box office and kiosk revenues reach 88% of December 2019 levels across the global business. I said I did. Revenues reached 89% of pre-pandemic levels in the United Kingdom and Ireland and 91% in the United States.
Cineworld Amazing success of the latest Spider-Man movieSpent £ 80m in the UK and $ 1.5 billion worldwide (11) since the pandemic began, despite the reintroduction of face masks to cinemas to curb the spread of Omicron a few days before its release. It has become the only movie that earns over £ 100 million.
“Spider-Man: Noway Home shows the importance of a studio for movie releases,” said Cooky Greidinger, Cineworld CEO. “We are pleased that the strong demand for cinematic experience continues among the audience, supported by the slate of high quality, high performance films.”
A London-listed company said the release of James Bond proved that October was the best month of the year: no time to die to make money in the UK and Ireland. Up to 127% of 2019 level, Boosts global box office and concession revenues to 90% before the pandemic.
However, Cineworld said the postponement of Tom Cruise’s top gun: Maverick’s release to May this year undermined November’s revenue, which was only 56% of pre-pandemic levels.
Nonetheless, the three-month performance was strong enough to boost the cash flow of the struggling company. Investors welcomed the news, raising Cineworlds shares by almost 4% in early trading, making them one of the biggest risers in the FTSE 250.
“This shows that fans continue to choose an unparalleled theatrical experience,” Greidinger said. “We continue to implement guidelines to ensure that cinemas are a safe environment for our customers. We have future challenges, but to enjoy the long-awaited movie slate throughout 2022, our customers. I look forward to welcoming you to the cinema. “
UK and Ireland box office revenue Last year reached £ 579 million, 85% increase in 2020, led by “007 / No Time to Die”, This is now £ 97 million, Make it The third highest-selling movie in history, After the awakening of Star Wars Force, the franchise’s stable companion Skyfall.
However, the film industry has a long way to go to reach pre-pandemic levels, with annual box office revenues of £ 1.3 billion in each of the five years to 2019.
Spider-Man Brings Cineworld Revenues to Pre-Pandemic Levels | Cineworld
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