(Reuters) - Cineworld Group Plc (CINE.L) reported an 11.6 percent rise in revenue year to date on Thursday but its failure to raise its outlook disappointed some analysts and shares in the cinema operator fell 7 percent. Source: Cineworld shares slide after it fails to lift outlook despite revenue rise | Reuters … [Read more...]
AMC Working on £2 Billion London IPO for Odeon (Report) – Variety
AMC Entertainment is working on an initial public offering in London for European exhibition chain Odeon, according to a report by Reuters on Thursday. Source: AMC Working on £2 Billion London IPO for Odeon (Report) – Variety … [Read more...]
Belgium’s Kinepolis profit grows as cinema empire expands
Belgian cinema group Kinepolis Group NV, reported a 10 percent increase in profit in 2017 as visitors were drawn to its newly opened movie theatres and it sold more snacks and premium tickets, such as for fancier seats. Source: Belgium's Kinepolis profit grows as cinema empire expands … [Read more...]
UK’s Cineworld on track to complete Regal deal in March
(Reuters) - UK’s Cineworld (CINE.L) said its $3.6 billion deal to buy U.S. cinema chain Regal Entertainment (RGC.N) was on track to close in March after it secured support from a majority of its own shareholders and the largest investor in Regal on Friday. Source: UK's Cineworld on track to complete Regal deal in March … [Read more...]
ISS advises Cineworld shareholders to oppose Regal deal
Cineworld’s (CINE.L) attempt to buy U.S. rival Regal Entertainment (RGC.N) has been dealt a blow after advisory group Institutional Shareholder Services told investors to oppose the $3.6 billion deal because it posed “significant financial and operation risks.” Source: ISS advises Cineworld shareholders to oppose Regal deal … [Read more...]
Protests disrupt London Film Festival in cinema wage dispute
Protesters chanted and waved banners at the opening of the BFI London Film Festival as a long-running staff pay dispute with a cinema chain spilled over into red carpet territory. Source: Protests disrupt London Film Festival in cinema wage dispute … [Read more...]
