Magazine article Screen International

Cineworld Revenues on the Rise as Regal Takeover Nears Completion

Magazine article Screen International

Cineworld Revenues on the Rise as Regal Takeover Nears Completion

Article excerpt

Revenues up 11.6% as the company plots further growth.

Cineworld, Europe’s second largest cinema operator, reported revenue increases of 11.6% in 2017.

Retail revenue grew 15.6%, with the company’s sites outside of UK and Ireland showing 29.2% growth in that area.

Box office growth was 10.3% across the group. In the UK and Ireland, box office rose 6.3%.

The growth was largely driven by the expansion of Cineworld’s estate, which has seen it open nine new sites in 2017, four in the UK and five elsewhere. The company also added the 16-screen Empire Newcastle to its roster in June 2017. By the end of the year, the company operated 232 sites with 2,217 screens.

Cineworld’s highest-grossing films of the year were: Beauty And The Beast andStar Wars: The Last Jedi and Dunkirk. …

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