Ailing exhibition giant Cineworld Group, which is currently finalizing a reorganization plan having filed for Chapter 11 bankruptcy in the U.S. earlier this month, has released encouraging interim …
for Chapter 11 bankruptcy in the U.S. earlier this month, has released encouraging interim results for the six months to June 30, 2022.
The company’s debt position worsened, however, standing at $5,2b on June 30, against $5.03b on December 30, 2021.Cineworld Sets Timing Of Bankruptcy Reorganization Plan; Cineplex Denied Hearing Over Scuttled Merger But May Be Eyeing Regal Detailing admissions, it said that after a slow start in Q1 due to a lack of major releases and customer concerns around the Omicron variant, total admissions had strengthened to come in at 82.8m in the six months ended 30 June 2022, split between 33.6m in Q1 and 49.2m in Q2, for a total box office of $833.6m.
The figure was still down on 2021 levels, representing approximately 61% of the admissions achieved in the first six months of 2019, the last full financial year unaffected by the pandemic.
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