Last Week24 May 2020 17:05
Hi Squid. Interesting way of looking at it, thanks. I guess my thoughts are that the trickier times for Cineworld are when a new blockbuster movie comes out. So instead of the cinemas being packed to the rafters at the beginning they will have to space the areas out and that will mean more showings going on for extra days/weeks so everyone has a chance to see it in the cinema. In some ways that might be more favourable for some people, not banging elbows with their neighbours, smaller food and entry queues etc. We know cinemas work on about 22% capacity overall so I see more people coming in the off peak times, weeks after a big movie is released, so these will become busier because of the restrictions in place when the movie is released. If they have pre bookings only they also have more of an idea how many people will be coming so they can prepare more accurately with staff too, possible cutting down on over staffing when the cinemas are emptier? I’ve sat in the cinema with 20 people watching a bond movie before, I personally prefer the quieter times. So basically the same amount of bums on seats but spread out over longer periods rather than mad rushes at the start and emptier seats a week or 2 later.
Anyone else got thoughts on this?
Corona update about to start. Not been watching much lately but Interested to see what is said about numbers and where this is going.
A very calm week with a low of 54.88 and a high of 62.20 so around 13% if you could have got in on those prices. So realistically you could have made 10%, not bad in a week I guess.
Be interesting to see if the swings reduce this week.
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