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Needle seems to now be stuck at $968,802,787 for June and for a vast recovery in NA Box Office.
* So our share of the above
* then our UK and Rest of the World Box office shares on top
* Monthly Unlimited and equivalents in the US and RoW on top
* Concession food and beverage spends on top in all 3 territories
* Advertising and trailer revenues
* Online booking fees
* In cinema concession revenues. Starbucks, Baskin Robbins etc
etc
Could have had my photo taken today with some of the Minions @Cineworld but left it instead to the groups of kids and adults with them instead.
Next instalment of Marvel coming up with Thor, Love and Thunder. Suggest if you are after good seats for that one that you advance book. I'm pre-booked in Imax with family already for opening weekend.
Im13 when you put it like that, maybe 1 billon is achievable, unfortunately it won’t do anything for the share price. Alot on here talking about a RNS tomorrow morning good/ all bad
$1bn+ is almost certainly happening for July with the strong performance of Minions, and likely Thor. There are more than just these 2 wide releases though with Where the Crawdads Sing, Paws of Fury, Nope, and DC League of Super-pets. As a rough guess here's how we can get to over $1bn: Minions 300m, Thor 300m, Maverick 100m, JWD 60m, Elvis 60m, TBP 30m, Lightyear 20m, Crawdads 40m, Nope 75m, DC Superpets 40m, PoF 20m.
Shazabo,
Worldwide very possibly yes.
However in North America box office for month I would say zero (or as close as possible to that) chance of $1bn from just these 2.
I predict a £1 billion month just on minnions and thor alone.
Marvels always do well and minnions will storm it as the interest is high unlike lightyear.
Anything other films adding to that is a bonus
Might we see close on $0.5bn in first 10 days of this month!?
Minions EST 4 day opening in region of $130m will then have full week to add.
Thor release 7 July with forecast opening weekend $135 - $185m
So from those two alone maybe $350 - $400m in that period!?
Still got Maverick, Elvis, Jurassic all adding pretty well.
Plus any other smaller releases we have.
To its benefit we have a 5 full weekends month Cruis.
Strong carry overs from June into first maybe even first couple weeks.
Minions and Thor both having full month to accumulate.
Let's see where we get.
Yes, it would be nice to have more (we have covered that issue many times)
Can we really expect 1 billion in July ? With only a couple of films ?
Well if we are to see continued recovery we want and should expect $1bn+ for July.
Regularly one of of not the strongest months of the year.
While most of us are disappointed in share price and many/most are varying degrees of happy with recent box office. It is worth keeping in mind the perspective i.e. our best month since re-openings is/was still lowest June since 2007 and if we are even more realistic with ourselves and consider inflation and passage of time it's probably lowest since c. 2000.
Don't get me wrong it's a massive improvement from where we have been and hopefully has us nearing company targets.
Let's see June strength continue this month and through H2 :-)
True - do you think there is a chance to achieve the same amount for July?
One more day, one more film, would have got us to a billion
Error
$968,802,787
No - the figures requested, and provided, were revenue only - not profit. That can be estimated too but more going on and more unknowns so would be less reliable.
Have you factored in the studios' cut of the films' ticket sales?
"So you believe that CINE has surpassed the average 2019 level this month?"
Yes - but as you say, no surprise. June is always a good month. In 2019 June was $1.15bn US BO but the average over the first six month as a whole was only $943m - so less than June 2022 so would expect June to yield more revenue especially as we know other revenues are doing better relatively than they were in 2019.
Expect another near billion dollar month as per June for thor and minnions 2 alone I would guess
Very interesting way of calculating there @Hexam.
CINE made $2.15bn in H1 2019, so on average about $358m/month. So you believe that CINE has surpassed the average 2019 level this month? (Wouldn’t be surprised if they did).
Awesome numbers gives much needed hope which beggars the question why anyone would pull the plug on cine when they had virtually no revenue during the pandemic and supported them financially and now when revenue is coming in like this they would let it fail. It was for this exact reason ie the box office returning to normal levels that they continued to support cine and had faith during the pandemic
"That gives Regal a market share of about 28%."
That's a share of screens though not box office. This will be a lot lower since as a multiplex a lot of screens will be showing much smaller grossing films compared to smaller operators who may have a couple of screens and so only show blockbusters. The accounts show exactly what CINE receive from US ticket sales so can use these directly (assuming their share hasn't changed dramatically this year).
@shazabo
In 2019 US Box Office was $11.3bn and CINE US ticket sales were $1.86bn so around 16%
In 2021 US Box Office was $4.5bn and CINE US ticket sales were $627m so around 14%
So with US BO in June at $967m this suggests perhaps around $150m.
In 2021 US Ticket sales were about 35% of total revenue (was over 40% in 2019 but increase in concessions etc has reduced relative importance of just US ticket sales).
So maybe total revenue for June is $400m-$450m?
Apologies, I meant $271,339,282 for the month of June.
@shazabo - I am taking my info from here: https://www.statista.com/statistics/188565/north-american-movie-theater-circuits-by-number-of-screens/
Regal has 6,851 screens in North America out of a total of 24,414 screens. That gives Regal a market share of about 28%.
28% of $966,935,809 = $271,339,282 in the month of July for CINE from US.
As lpd pointed out, bear in mind that this does not include:
-Unlimited Subscriptions
-Concessionary Income
-Advertising and trailer showings
-Online booking fees
Would be nice to see it broken down in our next results per month to see our revenue and we can then perhaps make a rough guess for future . I agree there's so many variables but be nice to see the revenue stream roughly per month for cine
shazabo there is no point in even trying to work it out as there are too many other variables that would not allow you to even try to compile a formulae of any description to assess profitability.
If you have though been going to the cinemas regularly in June and July then you would know for yourself that they were highly profitable and that's from not just ticket sales but all on the list of additional revenue streams.
If North American Box Office finished at $966,935,809 for June how much as a rough gestimate would our share be being the 2nd largest film operator, just to get an idea of revenues coming in per month? Anyone know or care to rough guess?