Powered by a slate of major tentpoles including Sony/Marvel’s Spider-Man: No Way Home and MGM/Eon/Universal’s No Time To Die, Cineworld Group reports it generated positive cash flow for Q4 2021.
The world’s second largest exhibitor, which owns Regal in the U.S., did not disclose dollar amounts, but released a trading update this morning for the six-month period ending December 31, 2021.
The company will announce its full-year results on March 17.Box office and concession revenues saw significant growth across the second half of 2021.
Notably, group performance was at 50% of 2019 levels in July, increasing to 90% in October and with December reaching 88%. (November was at 56%, impacted by the release date shift of Paramount/Skydance’s Top Gun: Maverick which moved to May 2022.) In the U.S., Regal grew from 45% in July to 91% in December.Read more on deadline.com