The lure of the big screen has returned with a vengeance at Everyman Media, where cinema admissions27 Nov 2021 13:41
The lure of the big screen has returned with a vengeance at Everyman Media, where cinema admissions have been ahead of expectations since September.
Since then, a strong film slate, including No Time To Die, the latest James Bond movie, has attracted strong demand, with revenues and underlying earnings for the year to December 30 tipped to exceed market forecasts.
Everyman said yesterday that, assuming there were no further Covid-19 restrictions, it expected to report turnover of at least £46.3 million and earnings of not less than £7 million. Looking further forward, it said: “Early indications suggest the appetite for cinema remains strong and we are optimistic for the outlook of the sector.” Everyman has 35 sites with 117 screens, with a further half-a-dozen venues in the pipeline. The next new opening will be at Borough Market, near London Bridge, which is due to open next month.
In the first half of the year its cinemas, most of which have bars and restaurants, were closed for 20 weeks.