Cineworld revenues surge thanks to Spiderman

Cineworld revenues almost hit pre-pandemic levels last month thanks to hits such as Spiderman.

Like-for-like revenues worldwide were at 88% of December 2019 levels. Upcomnig films including Jurassic World: Dominion and a Mission Impossible film also hope to boost revenues.

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“This recovery has been driven by an excellent slate of movies, including record-breaking Spider-Man: No Way Home, Shang-Chi and the Legend of the Ten Rings, Venom, Black Widow, Dune, Free Guy, Eternals and No Time to Die,” said the group in a statement.

“We have seen recovery in theatre attendances across our geographies, which generated a positive cashflow performance for Q4. “Spider-Man: No Way Home” has shown the importance for studios of cinematic releases,”said chief executive Mooky Greidinger.

“Whilst there are challenges ahead, we are excited to welcome customers to our cinemas to enjoy the highly anticipated slate of movies throughout 2022.”

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