Refresh for latest…: Cineworld Group, the world’s second-largest exhibitor and owner of Regal in the U.S., saw significant improvement in 2021 versus 2020, as revenues rose by nearly 112% to …
Total admissions for the group increased by 75.2% year on year to 95.3 million, reflecting the length of closures required due to Covid in 2020 and 2021 and film content available in each year. Breaking down admissions, Regal Cinemas in the U.S. welcomed 56.2 million moviegoers, up from 30.1 million in 2020, but still widely down from pre-pandemic 2019’s 177.3 million. Cinemas in the U.S. remained temporarily closed until April 2 when the group began the reopening process.
While January and February 2022 were impacted by the omicron variant and a lack of major releases prior to Warner Bros/DC’s, increased trading is expected ahead with a strong slate of major titles. The group said it continues to maintain tight control over its operating costs and cash usage and “is in a good position to benefit from the expected industry recovery.”
Avatar, Top Gun Maverick, Jurassic World: Dominion, Minions: The Rise of Gru, Doctor Strange in the Multiverse of Madness, Thor: Love and Thunder, Black Panther: Wakanda Forever, Bullet Train, Spider-Man: Across the Spider-Verseand many more. I want to thank everyone across our team who make it possible for our customers to experience the best place to watch a movie.”
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