UK-based exhibitor also operates Regal in the US.
UK-based exhibitor Cineworld Group has posted a pre-tax loss of $1.6bn as a result of the pandemic and warned there is “no certainty” regarding the future impact of the virus on the company.
The leading multiplex exhibitor, which also owns US cinema chain Regal, reported that group revenue was down 67% in the six months to June 30 to $712.4m, from $2.15bn in the same period last year.
With all 778 sites across 10 countries closed between mid-March to late June, as countries around the world went into lockdown due to the Covid-19 pandemic, admissions fell from 136 million to 47.5 million.
UK-based exhibitor Cineworld Group has posted a pre-tax loss of $1.6bn as a result of the pandemic and warned there is “no certainty” regarding the future impact of the virus on the company.
The leading multiplex exhibitor, which also owns US cinema chain Regal, reported that group revenue was down 67% in the six months to June 30 to $712.4m, from $2.15bn in the same period last year.
With all 778 sites across 10 countries closed between mid-March to late June, as countries around the world went into lockdown due to the Covid-19 pandemic, admissions fell from 136 million to 47.5 million.
- 9/24/2020
- by Michael Rosser
- ScreenDaily
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