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Left with only ROW or ROW and UK
Patience so why all the institutions holders sold?
Of course we are heading in the right direction but I am afraid $9bn even $10bn of B.O. won’t put Cine in the profitable side. Especially with the cost and interest rates that are higher. That’s my concern
Hey HNS I agree with almost everything you said however I just have a quick question - how could we be sure that the movie line up would be better in 2024 than 2023? Are we sure that more movies will come to the cinema? According to Bloomberg B.O. would never reach pre pandemic level.
Hexam « sale of the assets without a whole take over is not good for us » it means selling Cineworld without paying anything to shareholders ?
Oil price fall sharply yesterday so hopefully this will bring inflation under control and will change the central Bank policy. That could help Cine as well…
We can maybe feel that Mooky is only buying time 6 more months he wanted. He is waiting until the number of movies reached pre Covid level.
But that it not a bad news at all. They are taking the right path
Don’t pay attention to those people saying non sense all day long.
Avatar 2 is a success this is non sense just compare the box office between France and the UK ($100m vs $57m) unfortunately we don’t have Cine in France)
Great movies for 2023 another non sense even with $10bn box office we won’t make any profit according to the balance sheet and income statement.
The only one that will survive is small cinemas with high value services like Everyman, Odéon luxe!
Cineworld needs to shrink its activity as soon as possible and leave only 4DX IMAX and VIP rooms that’s it.
Forecast of B.O 2023 stands at 8.5-9bn$ We will be negative for sure for 2024 B.O. will reach maybe $10bn or a bit more still negative.
Everyman will do fine tho
I should have done my work before
Then why Jangho sold all his shares at 8p?
2 days Cruis they did count Monday (Bank holiday)
I wish you all the best. I hope your dream will come true! Hopefully 2023 will bring us some good news with Cine. It the most important is the health so I wish you good health for you and all the love one.
I hope you enjoy your night and send you my regards from France.
Thanks Hexam for the information.
Hopefully we will reach $650m for December which is better than November. However with Avatar 2 more high value tickets have been sold with IMAX and 4DX so let’s see.
HNS the B.O. forecast for 2023 has been revised upward to c. $9bn due to the massive investment from Amazon to make and release movies to the cinema exclusively. We haven’t talked a lot about this news ($1bn investment from Amazon) which could be a game changer in the industry.
Second Friday of Avatar 2 -$19,500,000
Second Friday of Top Gun 2 - $24,500,000
Merry Christmas all
If someone asks why the Net Profit of Cineworld decreased from 360.3M to 226.5M between 2018 and 2019 it’s because the CAPEX increased over the same period from 205.6M to 465.6M due to some renovation done at Regal Cinema.
Hi Hexam,
« Full year loss close to $1bn »
According to Bloomberg the forecast loss for 2022 will stand close to $380m.
2018 Net profit Cineworld vs AMC 360.3M/174.4M
2019 Net profit Cineworld vs AMC 226.5M/-117.6M
2020 Net profit Cineworld vs AMC -1,094M/-1,873.6M
2021 Net profit Cineworld vs AMC -731.9M/ 1,181.1M
So 2022 will be better.
700m B.O. per month is not enough to breakeven specially the rates increased again last week by 50bps which will impact us negatively. $800m should be the minimum to breakeven knowing that we get rid of lots
Of unprofitable sites. But I agree if no movies will be pushback again 2023 will be much better.
“Cine should know the outlook better than us”
Hey Hexam and HNS hope you are both well.
In my opinion there is something that we don’t talk a lot is the willingness for others (competitors and studios) to put in a distress some non US Cinema chains including the British one. Think about SpiderMan in the Multiverse Expendables 4 and Aquaman 2 should have released in 2022. Thanks to these 3/4 movies we could have seen at least $9bn in the total B.O. for 2022. Which could have been not bad at all. They have been push forward into 2023 because they knew the distress situation of Cine. Same for Cineplex court. It’s North American against us. Think about how many European companies the US bought during the pandemic it’s a dream for them. And I believe this is why Mooky went into C11 to protect themselves.
It’s not about streaming vs Cinema or blockbusters. If they want us to survive they will make everything to help us.
Penta I said £21 per ticket for 3D
Bullsbear I used to have Cineworld unlimited card when I was living in Edinburgh near the cinema. Now in London far from Cineworld there is no point for me.
With Vodafone you have £7 for 2 tickets at Vue every week.
And the time is at 7:30pm not 11am I am not on holiday ;)
No way home did $601m on the first weekend in 2021 before the inflation… so $525m is ok I would say it t won’t save us. Just book for tonight with my wife at Cineworld super screen 3D £21 per ticket at Vue it’s £7 for 2 tickets. I paid it because I am shareholder… the cinema is half empty when I booked it an hour ago.
Bloomberg forecasted an annual box office of $7.5bn for 2022 we will do $7.2bn and they forecasted $9bn for 2023 (thanks to Amazon) it means $4.5bn for a semester and $2.25bn for a quarter. Q3 2022 B.O. reached $2.35bn guess what Cine was negative. We won’t be positive before 2025/2026 I believe. We need 900 movies a year not 500 and we won’t reach that level before years.
The guy confuses weekend Box Office with Friday box office let alone how to evaluate a company. He didn’t know that IMAX operates in China and invested in the stock. He is funny though