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Terrible news for those involved and their friends and families. Some things are far more important than a share investment.

HNS
Good news and as you note these are big areas for Cineworld. Infact bigger than the whole of the UK!!

Not long back from unlimited screening of this film and found it very enjoyable.
Great to then see a very large slot on the main national news just now covering the film.
Was a good few minutes coverage.

Second half recovery is what we were hoping for/expecting and starting to see more and more advertising, TV coverage etc.

I would rather the company come out and said no dividends for 2 years and they plan to half the current debt in that time instead.

Think of the dividends the company could pay of or wasn't spending hundreds of millions annually on debt interest.

Have read I think it was in last report it was one of their priorities to be in a much cleaner debt position.

https://www.imdb.com/search/title/?year=2022&title_type=feature&

This any help!?

Green Knight is showing on the Cineworld app for all that have it.

Different release dates for some movies you have noted also LPD (seeing as you like to keep others right on such matters ;-)

https://www.picturehouses.com/cinema/harbour-lights

Two screen cinema :-0

Picturehouse cinema operating on the harbour, looks small high end offering and picture house is owned by Cineworld.
That solves that small mystery.

Good spot itrader (seems Cineworld closed in 2018 in Southampton).
Odeon and showcase as you say (unless there is a Cineworld "near' Southampton that this refers to then it's a case of terrible misreporting (again) by times.

Might be worth us having more of a look into this.

"Rent:
– Rent negotiations ongoing for further deferral and discount
– Rent liability of ~$350m to be deferred over 3 years on average"

"Leases
The impact of COVID-19 and the associated shutdown has resulted in the Group renegotiating over 450 leases by the Balance Sheet date and
accessed government relief from payment of leases in certain countries. The Group has sought to agree the waiver and deferral of contractual
rent under existing leases in order to manage cash flow during the shutdown and recovery from the impact of the virus. Payment of lease
liabilities has decreased to $198.6m from $613.3m in 2019, reflecting negotiation with landlords and amendments agreed to date.
Amendments to leases, additions in the period, changes to discount rates applied in the calculation of lease balances, and cash flows in the
period have resulted in total right-of-use assets of $2,306.4m (2019: $3,441.2m), with a depreciation charge of $348.7m (2019: $398.2m), with
lease liabilities of $3,971.7m (2019: $4,197.5m) and an interest cost of $349.0m (2019: $304.2m). For leases amended during the year, higher
incremental borrowing rates reflecting the Group’s higher cost of debt and lower credit rating have been applied to cash flows, resulting in lower
assets and liabilities and higher lease interest cost for these leases. With the impact of the virus continuing and discussions ongoing with a
number of landlords, there will be significant further modification to leases subsequent to the year end."

Some commentary on progress in box office so far and thoughts for months ahead.

https://www.boxofficepro.com/long-range-box-office-forecast-what-to-expect-from-the-suicide-squad-and-summers-remaining-slate/

MoneyP1t I think your analysis here gives some context of where we are.
Improving - Yes
Where we want to be/need to get to - No

Your point on the corresponding numbers of films in 2019 and 2021 above average is a key point.

That is where we should realise that: the bigger movies are largely speaking being released to cinema more so than the smaller ones.
Therefore even using the average as you have in this case it still heavily skews where we are on our progress.
Let's be realistic and we are not going to double the number of high earning releases anytime soon.
However we would hope to double the number of those smaller releases and therefore average box office will come down showing a clearer picture of how far we are progressing.
It will however more importantly raise the overall box office take and that's what business requires.

Total box office is showing decent month on month recovery (April - May - June - July).
Let's see where July ends (maybe at c. 45% of 2019 comparitive), definitely improving.
We just do not know if as quickly as business had forecast or requires.
August 12 forward statement will be interesting and hopefully include some second half early period indicative figures.
We know first half is poor.

https://www.standard.co.uk/news/london/trocadero-picturehouse-cineworld-sue-rent-pandemic-b73278.html

https://starexponent.com/business/judge-sides-with-town-of-culpeper-in-mostly-dismissing-regal-cinemas-suit/article_4814eb45-5502-5f8b-a1fb-de690c8ee6e0.html

"Southampton could be one off."

Smalltrader from someone falsely talking of others giving imaginary information why are you deliberately misleading?

There have been other cases of such rent disputes and some noted on this chat board over previous month's as you well know.
As shareholders we would obviously hope they are in the minority and we would expect the Cineworld board and those responsible within the business for each of these negotiations to have done so in a professional manner that would mean few of these reach court and even fewer go against the company.
We do not know as fact how many or how each negotiation went.

Been plenty comment on here about many things, such as: Covid/infections/measures (I don't request everyone doing so be an epidemoligist).
Company share price - don't request all be a specialist broker
Company finances - again I don't request specialist knowledge from all in that field.

None of us know others backgrounds and it doesn't (or shouldn't) matter. We should all be able to express a view and equally may be challenged on that view from any that have a different view.

The company gave us $60m per month closed
Disenting shareholders cost again provided by company and its worth reading company release on that cost.
I (or anyone else here) don't need to be a financial whizz to know there are additional costs to opening and running business than a closed business so burn rate will be higher until you reach a revenue v costs tipping point.
100 year old business that essentially has done the same thing forever.
Nobody knows every single individual deal, but many reasonable assumptions can be made to give an "idea" of how things are.

Let us hope we can all have reasonable discussion moving forward here and no repercussions from expressing each person's own view.

Cruis,
To be fair regards capacity it was only ever needed really for small percentage of releases and times in week.

50% capacity would probably cover vast vast majority of releases and times.
Outside Marvel, DC, FF , Hobbit and such then screens almost always well under 50% and have been for a good number of years.

Current policy will be more than adequate, however once there are higher number of weekly releases and we get some of the big guns again at same time then YES we would want to see and hope for the need to be back operating with no restrictions on capacity (mostly self imposed now by company).

Keep me out of any percieved "bromances"
Chat forum with a bunch of strangers that are likely to always remain that.

LPD it's a mindyer regards my financial qualifications ;-)

August 12 will give us all some of the answers.

The cinemas have less total movies to show, however they are operating same hours as previous and probably around same number of "screenings", just milking some movies more than they would if others were around.

* Note to the reasonable people, yes I do have some qualifications in accounting and it was my form of employment for a number of years. Not that it matters and whether anyone here believes me or not is on them. Not me"

Barbershop, Mooky/Cineworld already have "done something about it"
Unlimited card for example beats any 2 for one offer by a long way and has reduced the price of that (for most).
They have also introduced cheaper day rate from Monday - Thursday I think it is.
Evenings and Friday/weekend are peak times for cinema so not going to see low rates.

* Enjoy your weekend*

I never stated it as FACT the attendance was not high enough as we don't have Cineworld specific numbers.
What we do know is industry wide they are some way from prevcovid levels.

It is a FACT that "IF" (as I state) attendances are not at a particular level then cash burn will be faster.

We know Jan - March is c. $60m burn
April mostly closed add some reopening costs and with many restrictions would probably be a good result of April was no worse than the previous 3 months.

May first half mostly closed, by end of month pretty much all open.
There will have been some costs in re-opening over and above your regular open running costs.

June fully open

As we have both stated we don't know the attendance levels for Cineworld.

We know it's less than 2019.
Most people when looking at forecasts and finances would look at data they have and post covid to pre covid is on balance (IMHO) unlikely to have a dramatically different split in box office to concessions take.
That is my opinion and not as yet FACT.

IF concessions are significantly greater proportion I will stand corrected (I don't view a few percentage points move significant in this).

We both want Cineworld to thrive going forward.