Saturday 22 July 2017

Cineworld expects fall off in movie-goers during World Cup

Cineworld expects fall off in movie-goers during World Cup
Cineworld expects fall off in movie-goers during World Cup

Aastha Agnihotri

Cineworld Group Plc, Britain's largest cinema operator, said it expects the soccer World Cup this summer to have a "negative impact" on admissions to its cinemas.

Shares in Cineworld were down 1.2 percent at 338.25 pence in early trading on the London Stock Exchange on Thursday.

Cineworld reported a 34 percent jump in revenue for the 18 weeks to May 1, as more people visited its cinemas and paid more for their tickets.

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