Powered by a slate of major tentpoles including Sony/Marvel’s Spider-Man: No Way Home and MGM/Eon/Universal’s No Time To Die, Cineworld Group reports it generated positive cash flow for…
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Cineworld operates in 10 countries with 751 sites and 9,188 screens globally. In markets outside the U.S. and the UK, November and December performance was impacted by government restrictions owing to the ongoing Covid situation. CEO Mooky Greidinger said, “We are pleased to see continued strong demand amongst audiences for cinema experiences, supported by a slate of high-quality and high-performing movies. This demonstrates that fans are continuing to choose the unrivaled theatrical experience. We have seen recovery in theater attendances across our geographies, which generated a positive cashflow performance for Q4.has shown the importance for studios of cinematic releases.
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