Ian you have repeatedly mentioned this about Mooky "being able" to buy back his 8% can you please give a date for this and some substance?
Let's also not forget it wasnt ever "Mookys" 8% it was a trust for his and his brother's family.
Going into current busy period is great, however it has for some time been the busy period so comparatives grow in size for us to measure against.
I will be delighted if we get near the 80/85% comparative box office for Q2 in US as company is targeting for its base case.
I feel it's a pretty tough ask even with the few big movies we have lined up (still lack of support in depth of releases).
So, is that Cineworld c. 5 + years AHEAD of AMC when it comes to installing better quality projectors!?
Well done our board of directors some like to criticise.
https://deadline.com/2022/04/amc-entertainmen-laser-projectors-cineonic-1235007975/
IMAX piece of interest covers some things we have discussed before, good to get from within the industry.
https://variety.com/2022/film/spotlight/imax-blockbuster-plans-top-gun-nope-kanye-west-1235235218/
Meanwhile forecasting for Dr Strange also continues to gradually climb even higher :-)
https://www.boxofficepro.com/long-range-box-office-forecast-downton-abbey-a-new-eras-early-outlook-doctor-strange-in-the-multiverse-of-madness-tracking-continues-to-climb/
I liked look of Firestarter, saw trailer the other night. Had not heard about it previously and I see not forecast for particularly big box office.
Elvis trailer also looked decent (Tom Hanks has decent success rate with his films I would say)
No real big releases this weekend but still taking from Bank of previous week's releases and the 3 main releases this weekend are showing signs of hitting or passing their upper range of forecasts.
Something encouraging to see :-)
https://www.boxofficepro.com/weekend-box-office-forecast-the-bad-guys-the-northman-and-the-unbearable-weight-of-massive-talent/
I just check out the biscuit aisle daily at my local supermarket.
If the higher end chocs and biscuits are running low I can tell the money is being made by the big boys.
Whereas if it's the smart price line that's low well....
Two fingers or four?
This thread takes the biscuit ;-)
Currently gluing together the crumbs of my last biscuits awaiting something, anything of note to talk about regards company and share price.
HOPEFULLY something positive that is.
Good to hear from fellow holder(s)
Just noted Spiderman is STILL top 10 at box office some 4 MONTHS after its release.
Think that shows both how massive that and films like it are for industry, but also shows how light we still are on regular releases.
Allkap , There are a variety of financial instruments/loans Cineworld has and linked to different mechanisms regards interest rate paid/cost.
All comes back to their modelling of getting back to certain levels of pre pandemic revenues by certain times. This then enabling them to cover financing costs in first instance and then the very important next stage - paying down some of this debt and when in position to do so refinance some of it at more favourable rates.
These actions in turn along with a hopefully ever recovering a d at some point hopefully growing business will generate ever more free cashflow to further improve their indebted position.
None of this will matter if we don't negotiate the current Cineplex appeal in a satisfactory manner.
While not a lot, Netflix content has already been shown in cinemas and probably will continue to when it is right for both parties.
Little surprised (not completely) we are AGAIN covering streaming/cinema and relationships between then.
Well documented that many of the biggest cinema going sections of society are the self same people that watch most streaming content. For many these are two different services that provide them with product to consume. They ha e similarities, but also key differences.
Cinema does not need nor likely want "the death of streaming" nor does streaming want/need "the end" of the big screen.
Infact both being healthy is beneficial to the other.
Considering the over inflated rise of last year/two in streaming subs (due to people having zero other option and when spending 24 hours a day working, living, sleeping in the same place then off course people turned to streaming or more streaming as they also did with peleton bikes for example.
We all have choice again so habits alter.
Whether it is now or future there will come a point of saturation and changes in that market.
I don't see the end not want the end of streaming.
It was Sky TV before, the likes of Disney has had Disney channel on that sort of platform for God knows how long, it is updating that essentially. Before that is was blue ray (DVD) before that videos and before that we had "the beeb" or council telly. Before that it was radio.....
The finances of cinema visit has been covered to death also.
Seems some don't get the demographic that covers majority of cinema attendance or that it has been shown before that cinema does relatively well in recessionary times.
We can cover it another 100 times I am sure and these/similar people will still not wish to get that.
We do need to see more content come forth from studios again though.
(almost) Every business is reliant on supply.
As I said: some will be over, some under.
Plus, while opening os important and often a strong indicator of total it is TOTAL at end of run that matters.
Let's watch the .movies and see where we end up.
No, it predicted $415m for it Cruis.
Some have and will under perform this particular sites predictions.
Some will overperform.
Enjoy the movies :-)
Be interesting as year progresses to see how these predictions turn out.
https://m.imdb.com/list/ls507229752/
Cruis , YES we need more movies. YES we need stronger overall box office.
However YES I believe in time we can get it, otherwise I would be an absolute IDIOT still holding shares here.
I can see ZERO sense in anyone holding shares in a business, a board of directors and an industry they believe is doomed.
If I was such a person I would be shorting this as the sensible option for my position on these matters.
I am long as I believe in the industry, the company and our board of directors (I don't need to like them personally, but I do need to believe in their business abilities).
Have you missed the last 100 years of movies Cruis?
There has ALWAYS been straight to home viewing movies.
NOTHING new there.
If I am in dream world then so too are all the main cinema chains and their board of directors as they are forecasting and planning based on same assumptions.
Cruis of that is your firm belief then sell your shares now.
Without recovery to similar or better levels then yours and our investments are fecked.
I remain holding in belief company and industry can fully recover.
It makes no sense to hold if can't see a full recovery. The numbers just don't work otherwise.