Media | Cinema | Projection
Box office takings last weekend were the best for the industry since February 2020, the final month before the pandemic forced Britain into lockdown. Source: Cineworld Group PLC and AMC Entertainment Holdings Inc recovery hopes lifted as UK box office … Continued
Analysts at Peel Hunt also said the cinema chain is “well placed to recover” assuming COVID-19 did not flare up again, and that there were already signs of the industry getting back on its feet. Source: Cineworld Group PLC results … Continued
The heavily-shorted cinema chain’s shares were up almost 12% in late afternoon deals in London despite a lack of news. Source: Cineworld Group PLC continues AMC Entertainment Holdings Inc impression as shares surge following UK’s Freedom Day
The company has net debts of US$3.5bn and is in talks over its liquidity requirements. Cineworld PLC has scrapped its dividends for the remainder of 2020 to save cash while directors have deferred their salaries, bonuses during the coronavirus crisis. … Continued