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UPDATE 2-New 'Spider-Man' movie snares third-biggest domestic opening of all time

Sun, 19th Dec 2021 16:21

(Adds Sony comment)

By Lisa Richwine

LOS ANGELES, Dec 19 (Reuters) - "Spider-Man: No Way Home"
racked up roughly $253 million in U.S. and Canadian ticket sales
over the weekend, crushing pandemic records and ranking as the
third-biggest domestic debut in Hollywood history, distributor
Sony Corp said on Sunday.

Around the globe, "No Way Home" generated an additional
$334.2 million for a worldwide weekend total of $587.2 million,
the studio's estimates said.

The blockbuster returns provided a much-needed jolt to
cinemas such as AMC Entertainment, Cinemark and
Cineworld that have struggled to draw crowds during the
COVID-19 crisis. The spread of the Omicron variant https://www.reuters.com/world/threat-omicron-looms-over-christmas-holidays-europe-us-2021-12-19
has sparked new concerns.

But as Broadway and New York City's Rockettes canceled shows
and the National Football League postponed games, theaters were
abuzz. Fans packed auditoriums for "No Way Home," a big-budget
superhero spectacle co-produced by Sony and Walt Disney Co
that is playing only in theaters.

The movie stars Tom Holland as Marvel's web-slinging
superhero and Zendaya, as his girlfriend MJ, in the third film
in a Spider-Man trilogy. It also brings back stars of previous
"Spider-Man" films.

"This weekend’s historic 'Spider-Man: No Way Home' results,
from all over the world and in the face of many challenges,
reaffirm the unmatched cultural impact that exclusive theatrical
films can have," Sony Pictures Chairman and CEO Tom Rothman said
in a statement.

The previous pandemic record was set by superhero film
"Venom: Let There Be Carnage," https://www.reuters.com/lifestyle/venom-bond-pull-4-mln-people-amc-theaters-over-weekend-2021-10-04
which took in $90 million domestically over its first three
days in October.

Cinemark said ticket sales for "No Way Home" were especially
strong in the United States and Latin America and on
large-format screens.

(Reporting by Lisa Richwine; Editing by Lisa Shumaker)

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3 Apr 2023 11:05

TOP NEWS: Cineworld agrees restructuring leaving shareholders in cold

(Alliance News) - Cineworld Group PLC on Monday said it has entered into a restructuring support agreement and backstop commitment agreement with lenders to support its financing plan.

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3 Apr 2023 07:22

Cineworld strikes deal to exit Chapter 11, shares tumble

(Sharecast News) - Embattled cinema chain Cineworld Group said on Monday that it has struck a deal with lenders as it looks to exit Chapter 11 bankruptcy protection.

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27 Mar 2023 12:12

UPDATE: CVC Capital eyes rival bid for certain Cineworld's operations

(Alliance News) - Luxembourg-based private equity firm CVC Capital Partners has approached Cineworld Group PLC about an offer for its operations in eastern Europe and Israel, Sky News reported on Monday.

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27 Mar 2023 11:45

CVC Capital Partners said to plan bid for parts of Cineworld

(Sharecast News) - Cineworld has reportedly been approached by buyout firm CVC Capital Partners about a takeover of parts of the struggling group.

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27 Mar 2023 07:54

LONDON BRIEFING: Stocks called higher as banking crisis fears ease

(Alliance News) - Stocks in London were called to open higher on Monday, as investors look past the recent turbulence in the banking sector.

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27 Mar 2023 06:55

LONDON MARKET EARLY CALL: Stocks seen up, but sentiment still cautious

(Alliance News) - Stocks in London were set to open higher on Monday, recouping some of Friday's losses after further jitters in the banking sector.

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27 Mar 2023 06:15

PRESS: Elliott Management eyes bid for part of Cineworld's operations

(Alliance News) - US activist investment firm Elliott Management is planning to take over beleaguered cinema chain Cineworld Group PLC's operations outside of the UK and the US, Sky News reported on Saturday.

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7 Mar 2023 12:48

Picturehouse founder planning to buy chain from Cineworld - report

(Sharecast News) - The founder of boutique cinema chain Picturehouse is reportedly hatching a plan to buy it back as part of a potential break-up of Cineworld.

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24 Feb 2023 17:20

FTSE 100 posts worst week of the year, Cineworld plunges over 40%

Wall St drops after hot inflation data

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24 Feb 2023 10:16

Cineworld gets no offer for whole company, warns on shareholders' equity

Says insufficient creditor support for recovery of equity interests

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24 Feb 2023 09:19

TOP NEWS: Cineworld shares plunge as expects to exit bankruptcy

(Alliance News) - Cineworld Group PLC on Friday said it has received non-binding proposals from a number of counterparties for some or all of its businesses, but the debt-ridden business expects any deal with its creditors will wipe out its shareholders.

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24 Feb 2023 09:01

LONDON MARKET OPEN: FTSE 100 higher before US inflation print

(Alliance News) - European markets were higher at Friday's open, though trading was somewhat tentative ahead of a key inflation print from the US.

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24 Feb 2023 07:55

LONDON BRIEFING: IAG swings to profit; German GDP falls

(Alliance News) - Stocks in London were called higher on Friday, ahead of a key inflation reading in from the US.

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24 Feb 2023 07:38

Cineworld to exit Chapter 11 in H1, sees no recovery for shareholders

(Sharecast News) - Cineworld said on Friday that it has received non-binding proposals for some or all of its businesses but that none of these involve an all-cash bid for the entire business and any sale will not provide recovery for shareholders.

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