However, it looks to me as if the outlook for the company is now improving. Customers are returning to the group’s cinemas, spending money and helping the firm generate cash to meet its massive debt obligations. Source: Is the outlook finally improving for the Cineworld share price? … [Read more...]
Cineworld to open new 13-screen cinema in Belfast’s Odyssey – BelfastTelegraph.co.uk
Cineworld has announced a new 13-screen cinema is to open at the Odyssey complex in Titanic Quarter on December 10. Work began to renovate the old Odyssey complex back in 2019, with the new cinema part of plans for the building including new restaurants and bars and the arrival of Hollywood Bowl. Source: Cineworld to open new 13-screen cinema … [Read more...]
‘Resurrections’: Second-biggest cinema chain Cineworld nears pre-COVID sales | Reuters
Driven by big-budget movies including Marvel's (DIS.N) "Black Widow", "Shang-Chi and the Legend of the Ten Rings", Bond film "No Time to Die", and book-to-screen science-fiction "Dune".Cineworld, which operates the Regal cinema chains, anticipates upcoming blockbusters, including the latest in "The Matrix" franchise - "The Matrix Resurrections" - … [Read more...]
London’s Trocadero wins High Court battle against Cineworld over millions in unpaid rent – CityAM
London’s Trocadero Centre in Piccadilly Circus has won a high court battle against cinema chains Cineworld and Picturehouse Cinemas over millions of pounds in unpaid rent.The owners of London’s Trocadero Centre brought legal action against the two chains and the original tenant, Gallery Cinemas, over outstanding bills since June 2020. The three … [Read more...]
Cineplex accuses Cineworld of bad faith in day one of hearings over abortive takeover – RMOToday.com
Cineplex Inc. says a U.K. theatre giant acted in bad faith by delaying a takeover deal of the Canadian company and hoping it would default during the pandemic, a judge heard at the opening of its trial against Cineworld Group PLC. Toronto-based Cineplex is seeking to recoup $2.18 billion in damages from Cineworld after the company walked away … [Read more...]
Is the tumbling Cineworld share price a buying opportunity?
Seen anything good at the movies lately? The answer to that question is “no” for most people in the UK, who haven’t ventured into a cinema since last year or before. While cinemas have now reopened, industry operators such as Cineworld (LSE: CINE) are haunted by investor fears of weakened customer demand. That helps explain why the Cineworld share … [Read more...]
