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You are seeing what you want to see when reading articles, rather than what it says.
That's your choice :-)
Article says 3% ABOVE comparable week.
As for decline over next couple months, have you done ANY research??
That is pretty standard for this period of the year.
Look back records (it "may" fall back more than average). However as per "normal" we have tentpole movies in last couple months of year which will see box office RISE again.
Weekend come in roughly per forecast as can be seen from box office pro article pre the weekend.
Sorry to disappoint you.
Ah, sorry lmil it is indeed a similar period of measurement. May to date essentially.
lmil, I personally don't like that sort of comparison as it is too short a period with a number of influencing factors e.g. specific movie release dates, weekends in the short period.
The period (much longer) which I note earlier however I do think is reasonable to look at and still shows very reasonable numbers.
None of us should kid ourselves though, we still want/need to see further percentage recovery and over yet longer prolonged period.
We do appear to at least be walking in the right direction currently.
"The overall weekend box office, the 28th this year, looks to clock an estimated $130.2M from all titles. Next to weekend 28 in 2019, that’s +3%. Very good."
Thanks for another positive article confirming the industry is indeed on track to recovery. :-)
Ignore my last sentence in previous post, that was over enthusiastic and too quick to post.
We should be c. 80% though (if month ends in the $1.06bn range.
To update from last week's question Cruis, YES I do fully expect to see us get and surpass $1bn (first time since re-openings) for this month.
Sitting at c. $765m.
Expect between Thor and Minions easily $100m further by month end
Nope full week plus a second weekend and DC Superpets (which looks good fun I'm trailers) to also add $100m + between them.
Looking at latest weeks trading from TG: Maverick seems $25m+ in remaining 2 weeks not put the question at all.
Thats us around $1bn. Then we have any contributions from all others currently out and those to release I'm next two weeks.
Should comfortably end month having averaged over 85% for most recent 3 month period.
Box office pro good with their forecasts for weekend box office AGAIN.
Them and box office mojo give us most of what we need to see what progress or otherwise is.
Surpassing $0.75bn as forecast with two lower level weeks still to go.
More and more the only real obstacle of note is becoming the Cineplex appeal.
(I believe all other matters can be navigated through now)
https://www.boxofficemojo.com/month/?ref_=bo_nb_di_secondarytab
Another statistic that is currently rather pleasant is the May - July (current) North American box office is showing as having ran at c. 85% compared to 2019 comparable.
This is a long enough period to be worth noting (I feel) . It is most current period AND it suggests business is now/has been running at the companies own base case scenario level for a reasonable period (maybe even a little above, which helps reduce earlier months shortfall in time).
June and July historically strong months and thankfully that is proving case as we continue recovery this year.
These months go a long way to helping the lull we have next couple months.
So be prepared for additional trip over next couple months.
YTD is now at c. 70% I believe, considering the lack of movies/COVID resurgence we witnessed in US market January February this is reasonable place to be.
IMHO.
"Very high levels of debt don't always end well imo."
Equally they don't always end in bankruptcy or shareholder wipe out.
Being heavily leveraged in itself is not a terrible thing.
It can be a very good thing if you have a well thought through business model, enabling you to grow much bigger and faster than you otherwise would.
Time will tell where Cine falls.
https://www.boxofficepro.com/weekend-box-office-forecast-thor-love-and-thunder-to-lead-again-as-where-the-crawdads-sing-and-paws-of-fury-open/
This should see the box office surpass $0.75bn by end of this weekend for month leaving two full weeks still (admittedly with lower weekly expectations for last two weeks than first weeks of month).
MadStork, who knows what the outcome of appeal will be? Nobody!!
Who knows what levels the industry will recover to? Nobody!
Now there is an obvious fault with your point on "if market returns to 2019 levels it won't be enough for Cineworld"
Since then the company have added far better performing sites, got rid of some of the poorest performing sites, made cost savings such as the laser projectors, seen a move to more premium formats and a higher spend per customer on concessions and a possible higher return from the company in form of synergies from that Regal acquisition that was fairly new during 2019.
All of which means a return to 2019 levels will equal higher revenues AND profits than 2019 levels for Cineworld (should we reach those levels)
US box office will surpass/had surpassed total of any monthly total from last year (except December) and we are not half way through month.
Streaming, Cinematic business model etc are no longer really in question at all.
We have external world factors currently effecting this and many other shares, that will pass.
We have business specific issue still to clear i.e. Cineplex appeal and then restructuring/reducing company debt pile.
These are still the genuine factors to be dealt with and none of us here know exactly how they will play out for certain.
At this point in time every one of us LTH have been wrong to hold, we all could have either sold for profits or at least lower losses (and bought back in had we chosen to).
Long-term it "may" not matter that much of we see returns to much higher SP as we have witnessed early last year and also pre-pandemic.
We are where we are now and I can't see many of any (having gone through what we have) sell now or any price lower than this.
Here is hoping to brighter future for most here.
20th July, unlimited holders get your free hotdog .
So long as we are open and honest and do indeed continue that analysis.
For example let's look by end day 21 of this month, I suggest we will no longer be running ahead of 2019 Q3 already by that point.
Come on RS2002, You are surely better than that.
This is an absolute nonsense comparison.
Recovery is happening, we don't need to lower ourselves to similar levels the shorters and derampers do.
Let's stick to meaningful analysis e.g. a half, a quarter (even at a push per month, realising effect of how weekends and individual films fall).
Mountainous, I am afraid the notion of compa ya hand being strengthened for our of court settlement or for the appeal by not issuing RNS or other updates now is folly.
Box office performance for the industry (and as a consequence for each company within it) is there for all to see.
We got confirmation from Cineworld a few times during recovery that it is performing roughly in line with wider market.
Everyone knows also about improved spend per person.
So that idea (for me) is a complete non starter.
We know Mooky and board are polar opposites to Adam Arron.
If and when there is actual news they will share it
Not sure if anyone shared this already, don't recall reading it earlier.
Pretty decent piece I think.
https://screenrant.com/2022-box-office-recovery-audience-studio-variety-revenue/
I may be looyat wrong inform, but showing as 22nd July.
Interesting on current month box office.
After 10 days only we have hit more than 9 of the totals for months of last year.
This Friday itself more than some months and a sizeable chunk of "most" months last year with near $100m one day total