Member Info for shal1000

I won't be surprised if a consortium of big studios step in to save both cine and amc, they need the cinemas in the long run, with so many streaming services, the streaming market won't work for big budget movies due to fragmentation.

Average at 22p

Holding

Although hollywood has a very dull Sept, however the two biggest films from India are being released in September. Indian films regularly feature in uk and USA box office top 10, and when they are the biggies they make quite a few millions in a handful of cinemas, mostly operated by cineworld cinemas. The two films are bhramastra, a marvel like film based on Indian mythology and ponniyen selvan based on a famous South Indian historic novel about the chola empire. Both have been made to be enjoyed on the large screen than on ott. So need to look outside the box at what is happening at the UK boxoffice. When it's a big Indian film they generate one of the best average per screen, sorry if I have alienated people with this post.

A film like tenet should be released again, so people can enjoy it properly and not with masks on and separated a mile away from other people

I have posted on wallstbets on reddit, please upvote my post on reditt so it grabs attention to the rest of the redditt community.

https://www.reddit.com/r/wallstreetbets/comments/wsad6h/cineworld_the_new_amc_stock/?utm_medium=android_app&utm_source=share
Thanks

I'm gonna start a new post so it's more visible about wallst

Please upvote my comment on reddit, its the only way it becomes more visible to rest of the redditt community and hopefully the news will catch on

https://www.reddit.com/r/wallstreetbets/comments/wsad6h/cineworld_the_new_amc_stock/?utm_medium=android_app&utm_source=share

Looks like I do have enough karma. I've just posted, please start liking my post on reddit add comments positive only and get this rolling, let's shaft the shorter for good

I haven't come across any wallst bets discussing cineworld, plus I can't post as not enough karma

Same I got emails for that. Was chuckling to myself. I hope they extend that to September and October before black panther arrives, that way they'll have footfalls for the less exciting films

Love this sentence and very true

"People have kitchens but they still go to restaurants.

Same with people who go to concerts even though they have Spotify, and people still watch footy when they can have now sports. Cinema is far better vfm than footy, concert, and restaurant. Go to a restaurant spend 25 quid and last what an hour, cinema spend 3 hours on a 20 quid budget which includes popcorn and drink.

Open at 6p, you are blind, it 9.5p

That's a useful video thanks

The market for otc closes at 1530 in usa. So 12cents is the final price today. Ie it will be 10p fingers crossed tomorrow morning.

Would it be a good idea for someone like a big hollywood studio to takeover. Alot of the hollywood studios have 100bn+ market cap, so to buyout 10bn would be drop in the ocean for someone like disney and could help with there strategic plans. Or even bought out by a consortium of hollywood studios, help recover cost of big budget movies more easily.

Out of the 800 posts today, this is valuable info. Good post!

My local cinema is a cineworld, I wonder if cineworld charging far higher than our competitors and priced itself out and not getting the audience in?

It could very well be. This extract from guardian today:

The company admitted about 95 million moviegoers in 2021, up 75% on the 54 million in 2020 but well below the 275 million who attended before the Covid crisis.

“The group has been taking proactive steps to ensure it has the balance sheet strength and flexibility to adapt to market conditions,” the company said. “The group’s business operations are expected to remain unaffected by these efforts and Cineworld expects to continue to meet its ongoing business counterparty obligations.”

Cineworld, which is facing an almost $1bn payout for pulling out of a deal to buy its Canadian rival Cineplex, reported a $493m year-on-year increase in net debt to $4.8bn at the end of 2021.

The group made a $708m loss last year. However, revenues more than doubled from $852m to $1.8bn, thanks to the latest James Bond and Spider-Man films. In 2020, the company reported a record $3bn loss.

The warning from Cineworld stands in stark contrast to the performance of AMC Entertainment, the world’s largest cinema group and owner of the Odeon chain in the UK, which said the new Top Gun and Dr Strange films had fuelled a doubling of ticket sales in the US.

The company, which has a $12.8bn market value, said July had the highest monthly attendance in US cinemas since before the pandemic.

“This raises the rather awkward question as to what AMC are doing well that Cineworld clearly aren’t, as both can’t be right,” said Michael Hewson, chief analyst at CMC Markets. “Either those two films were very popular, or they weren’t. And if AMC saw record July admissions, Cineworld probably needs to ask why it didn’t. That’s the question shareholders need to pose to management.”