Cineworld’s incredibles US box office dented by UK revenues - News Summed Up

Cineworld’s incredibles US box office dented by UK revenues


Avengers: Infinity War helped to boost US revenues by 8.6 per cent in America, but UK and Ireland was up by only 3 per centCineworld’s bold foray into the American market 12 months ago was rewarded with a record year for the box office, although the absence of a Star Wars release put a dent in its UK revenues. While revenues in the US last year grew by 8.6 per cent on the back of movies including Black Panther, Avengers: Infinity War and Incredibles 2, the UK and Ireland was up by only 3 per cent, a fall of 0.6 per cent on a constant currency basis. Cineworld operates 790 cinemas with 9,518 screens across Britain and Ireland, central and eastern Europe, Israel and America. A year ago it completed the “transformative” $5.8 billion acquisition of Regal Entertainment, the US operator, making it the world’s second-biggest cinema operator behind…


Source: The Times January 16, 2019 17:03 UTC



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