Cineworld Group, the major theatrical chain that has 759 sites around the world including the Regal cinemas in the U.S., reported tough financials today after six months of pandemic-induced closures.The company saw overall revenue slide from $712.4M in H1, 2020 to $292.8M in H1, 2021.
The numbers come off the back of admissions dropping from 47.5M to 14.1M in the same period, following shutdowns across its global estate that were widespread from January to April/May this year.However, the Group said that all its site across the U.S.
and Europe had now reopened and the majority of capacity restrictions have been lifted. It added that admissions were beginning to recover.A strong film slate in Q4, featuring titles including Top Gun Maverick,
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