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People can purchase all the streaming services they would like, but it doesn’t help the fact that the days of day-and-date release for big films are long gone. Disney tried that once we started reopening and the u-turn back to a theatrical window was rapid, the whole thing backfired when high-quality downloads were available online within just hours for big films like Black Widow.

People want to watch the film as soon as possible, because otherwise the whole thing gets spoiled on social media. The theatrical window is here to stay, and even though it’s shorter I think it is still a fantastic thing. If you watched No Time To Die a few weeks after it first debuted you’ll have seen that the screens were fairly empty, maybe just about 5-10 per screening. People watch films as soon as they can these days, so that makes up for a shorter theatrical window.

The money will come rolling in regardless of the streaming platforms, the movie studios likely perceive them as a threat rather than a helper due to password sharing, piracy etc etc.

Roll on Top Gun and Dr Strange, I’m expecting some big numbers for both of these. Concessions and advertising thrown into the mix, and I think we can expect a cash flow positive result in May hopefully.

Good afternoon RS, I think you meant ‘in short’ instead of ‘I’m short’ :)

As always, a nice level-headed response from HNS.

Good morning and fingers crossed BlueBuxton!

@Reppyrr, the price of a monthly streaming subscription now exceeds the price of a monthly Cineworld Unlimited membership in most areas.

Indeed, there may be some inflationary challenges and pressures here, but I don’t see it drastically affecting the bottom line. Time will tell and we will see.

@Cruis1, indeed it will take many years until the box office is back at 2019 levels. It may even be the case that we ‘never’ see it again according to you, even though the chances of it returning to those levels are fairly decent.

Either way, we don’t need it to return to 90% thanks to cost-cutting measures as well as an increase in concessionary spending. This was also part of the reason as to how we achieved a positive cash flow in October last year. Cineworld is in no way doomed due to the box office, the only real issue that stands in our way now is Cineplex, which we are all patiently waiting for. If that gets out of our way with minimal damage, then this company will recover very strongly indeed.

Just bringing out this thread again in response to Cruis1 telling us we’ll never get to 2019 levels again :)

I don’t see a massive issue with the LTIP as it is price-contingent. If Mooky gets the sp back up to 190p from where we are now I think he is more than deserving of a bonus.

That being said, what new pay package are we approving in this coming AGM? According to the notes it’s an ‘advisory’ vote only, I think we only vote on remuneration packages every 3 years IIRC.

Solid post @betahighalpha

As a matter of fact, Cineworld Investor Relations have previously suggested the same thing you’re saying, that many of these short sellers are hedging against convertible bond exposure.

Mooky and Israel would also jointly be worth £11.5bn, and I think that £41.46 would make the threshold for their LTIP bonus as well!

For conversion purposes, $54.20 equates to £41.46, giving CINE a total market cap of £56.8bn, which would make it the 11th biggest company on the LSE by market cap, just after BP in 9th and Glencore in 10th.

It would have a higher market cap than Lloyds and Barclays combined, and a shareholding of 24,120 shares would be sufficient to make you a millionaire.

Perhaps we could enlist Elon Musk for some help.

Hey ho, if the Twitter BOD rejects his offer he is absolutely welcome anytime to offer $54.20/share for CINE, BOD and shareholders would approve it in an instant.

On a more serious note, what would you do if CINE reached such a price?

But it rose nonetheless correct?

If one wishes to top slice or sell off some of their shares at a higher price, then they can do so once the sp rises, even if it’s only temporary.

If we woke up tomorrow and saw this sp at 100p, we wouldn’t say ‘oh shoot, shame it’s going to come back down again’, I can imagine that a lot of us would press the sell button before even getting out of bed and would buy ourselves a pack of our favourite biscuits!

@FunInvestor, the reason why the share price didn’t rise due to Spider-Man is because it was at the exact same time that Judge Barbara decided to wreak havoc on the company (aka the judgement release).

But as we saw from Bond, we had a fantastic rise, and that was whilst Cineplex was still a problem for us, as a matter of fact it was just before the start of the court proceedings.

So I wouldn’t rule out a rise in the sp due to Dr Strange if it does very well (which we are all expecting it to).

Congrats on your top-up Bonkers :)

Hey @BlueBuxton, no they didn’t tell me :)

Good evening @LTHamigo, you can actually visit any cinema with your unlimited card and use it, it’s just that you will pay an uplift depending on where you go.

So for example, let’s say I’m a Group 1 member, and I go to a Group 2 cinema. I would need to pay a £2 uplift. It’s £2 on top for every Group you surpass, so for example if I went to a Group 4 with a Group 1 card, I would have to pay £6, because I’ve gone over 3 zones (£2 per zone).

You also need to pay a small uplift for things like 4DX, in my experience the saving of using your unlimited card (even if you have to pay an out of zone uplift and then the 4DX uplift) is actually enough to pay the membership fee for a month by just going to a single 4DX movie. I find myself paying £6.20 or thereabouts at a Group 2 cinema for 4DX (but I have a Group 1 membership), and standard 4DX goes for about £16-18 or even £20 in some regions, so the saving adds up even if you just go to 4DX here and there imo.

You can find which Group your cinema is in when you sign up: https://www.cineworld.co.uk/static/en/uk/unlimited

You just need to select your cinema from the drop down list and then it tell you the group. Hope this helps :)

We have some so-called shareholders around who claim they are ‘objective and unbiased’ in their analysis, but all they tell you is that the box office is still a while away from 2019.

That’s true, but we don’t need the box office to be back at 2019 levels.

Sonic The Hedgehog 2 is a children’s film, that likely means a lot more revenue coming in from concessions. CINE also have some good offers that allow you to get a good amount of snacks and drinks for a lesser price than buying individually. Going to the cinema is a nice little treat for families, so they are likely to splurge a bit on those concessions, which acts as a counterbalance for the box office. We are also in the school holiday season, so that can only mean good things for us.

Just thought I’d inform, because the ‘objective and unbiased’ individuals haven’t included that in their analysis. It was in black and white last time when we achieved a certain proportion of 2019 revenue with nowhere even close to the relevant 2019 box office figures for that period.

@deltalo, in 2021 31% of total group revenue came from concessions.

Indeed Bonkers, you are correct.

Here is one thing I didn’t do, when I was contemplating deep down selling (also something I was planning to do back at the 60s and 70s) I never logged on here and started spurting negative commentary :)

I must say that looking back at my comment retrospectively, I didn’t make it clear that it was more to do with those who come on here just to stir up worry. My post was more towards them :)

@FunInvestor, I’m hoping on going personally. I’m currently trying to obtain a notice of shareholding from my broker to allow me to get in.