Cineworld, the troubled cinema chain, has announced that is will be closing six cinemas will close as part of plans to cut jobs and save money, as the company struggles with debt. The cinemas will shut in “late September” if the cost-cutting plans get legal approval. The effected locations are are: Glasgow Parkhead, Bedford, Hinckley, […]

Cinema chain Cineworld is reportedly drawing up plans to shutter a number of its UK cinemas as part of a restructuring that would also include extensive rent cuts. Cineworld is looking to close around 25 of its 102 multiplexes, and also plans to renegotiate rent agreements at a further 50 sites, with the remaining 25 […]

Cineworld, the struggling cinema chain, has announced it will raise new funding and has aborted plans to sell its businesses in the US, UK and Ireland after failing to find a buyer. Cineworld saw its share price fall by nearly 30 per cent after announcing its cancelled sale plans. At the same time, the company […]

Cinema chain Cineworld, which reported severe financial difficulties in 2022, has denied it is looking to sell some of its cinemas to the owner of Odeon, one of its key rivals. Cineworld did, however, confirm it would listen to parties interested in purchasing the entire business. The rumours arose following reports in December 2022 that […]

The Cineworld Group is reportedly preparing to file for bankruptcy after failing to significantly pull audiences back in following the pandemic. Cineworld is expected to file a chapter 11 petition in the US and is considering insolvency proceedings in the UK, according to the WSJ. It is the second largest cinema chain in the world, […]

Ampere Analysis modelling has found that, despite the diversity of models adopted by the major studio groups, US studios’ film release strategies were all similarly successful in 2021. A report by Ampere compares how the three main film release strategies used by studios in 2021 — Theatrical-only, Premium VoD, and Duplex (films available on SVoD […]

Giant screen cinema operator IMAX saw its shares rise 9 per cent in after-hours trading following better than expected results that were better than its pre-pandemic numbers. IMAX said that its latest quarter-year (to the end of December) saw a 15 per cent rise in box office to $277 million (€247.2m) and represented the company’s […]

Based on preliminary data, the European Audiovisual Observatory estimates that the cinema attendance in the European Union and the UK increased to 383.2 million tickets sold in 2021. This is 83.8 million admissions more than in 2020, representing a year-on-year growth of 28 per cent. The rebound was less pronounced in the European Union only […]