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Cineworld's Ireland And UK Box Office And Concessions Revenues Rose In October Compared To Same Month Pre-Pandemic

Published on Nov 19 2021 10:05 AM in General Industry tagged: Trending Posts / cineworld

Cineworld's Ireland And UK Box Office And Concessions Revenues Rose In October Compared To Same Month Pre-Pandemic

Cinema chain Cineworld has said that its box office and concessions revenue rose by 27% in October compared to the same month before the COVID-19 pandemic, as James Bond movie No Time to Die was released in cinemas.

The Irish Examiner quotes Cineworld chief executive Mooky Greidinger as saying, "We are thrilled to see audiences returning in significant numbers. Our partnerships with the studios are as strong as ever and with the incredible movie slate to come, there are real grounds for optimism in our industry."

Rest Of The World Revenue

However, revenue was reportedly still 20% down in the US, albeit reportedly stronger than compared with September, when it was reportedly 46% lower than in 2019.

In the rest of the world, revenue was down 16%, compared to 22% in September, Cineworld reportedly said.

Strong Performers

With new big titles such as Ghostbusters: Afterlife, Spider-Man: No Way Home and The Matrix Resurrections, Cineworld said that it will have several strong performers, as long as the "COVID-19 situation" does not deteriorate.

An "Important Milestone" In Pandemic Recovery

Cineworld reportedly reported an "important milestone" in its pandemic recovery as its cash flow turned positive last month.

Greidinger reportedly said, "I would especially highlight the great performances we saw from our newly refurbished cinemas in the US.

"These new cinemas clearly support our strategy to enhance the cinema experience for all our customers.

"I am really proud of the extraordinary efforts that everybody in the business has made to manage this company during an unprecedented time.

"Whilst there are challenges ahead, I believe these efforts have positioned us for great success in the future and we are all looking forward to continuing to welcome our customers to the best place to watch a movie."

© 2021 Hospitality Ireland – your source for the latest industry news. Article by Dave Simpson. Click subscribe to sign up for the Hospitality Ireland print edition.

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