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Cineworld revenues pass pre-Covid levels thanks to Bond, Dune and Venom
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Cineworld’s box office revenues surpassed pre-pandemic levels at its cinemas in the UK and Ireland last month, as blockbusters such as No Time to Die, Dune and Venom draw film fans back to the big screen.
The world’s second-largest cinema operator, which owns the Cineworld and Picturehouse chains in the UK and Regal Theatres in the US, said box office and concession revenues at its UK and Irish operation in October reached 127% of the level in the equivalent month in 2019.
Shares in Cineworld jumped 11%, making the company the biggest riser on the FTSE 250 on Monday morning, as investors cheered the news of a recovery in the Covid-battered cinema industry.
Cineworld said the recovery was fuelled by the return to the big screen of Hollywood
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