CNNWF News and Press, Cineworld Group Plc From 05/28/21

With the movie mood getting more upbeat into a holiday weekend, major cinema chains are dropping months-long COVID-19 requirements for all patrons to wear masks. Chains including [[AMC]], Regal (owned by Cineworld (CNNWF)) and Cinemark (CNK) will no longer require fully vaccinated customers t...

The bounceback of movie theaters - after a year where their revenues were decimated in the COVID-19 pandemic - became a key investment story last month amid some widespread loosening of industry restrictions. And while it's not yet Memorial Day (the one-time start of the summer movie season),...

Disney (DIS -3.8%) has a new distribution deal with Regal cinema chain owner Cineworld (CNNWF +1.6%), the world's No. 2 exhibitor, to show Disney's movies in the United States and the UK, Deadline Hollywood reports. That means Cineworld has new agreements in place with three of the major stud...

Cinemas have reopened in Cineworld's main market and are scheduled to reopen next month in the U.K. Its pathway back to positive cash flow thus looks clearer. I am less bearish on this basis and switch to neutral. The net debt weighs on the valuation in my view. For further ...

Cineworld (CNNWF) shareholders overwhelmingly approved a plan to suspend the company's borrowing limit, relieving a pressure valve as the cinema chain struggles hopefully toward the end of the COVID-19 pandemic. Cineworld is the UK-based owner of Regal, the No. 2 U.S. movie-theater chain. The...

[[IMAX]] gained 4.5% today off its best domestic opening weekend in more than a year, thanks to the release of Godzilla vs. Kong. The film gave a jump-start to what has been a moribund domestic box office, drawing $11.6M for the weekend and $48.5M over the five-day opening period. IMAX drew $...

Reading International ([[RDI]] +7.5%) shares jump on Q4 beat despite revenue declined 81% Y/Y.The company has reopened 86% of its global cinema operations: 92% in Australia, 79% in the U.S. and 100% in New Zealand.The company is marketing for sale Royal George Theatre in Chicago and...

Cinema stocks are generally tracking lower today amid their latest news cycle: Disney's capitulating on plans for a May 7 debut for tentpole Marvel film Black Widow, now pushed to July 9 and launching online as well as in theaters. Disney has the same plans for its live-action take on Cruella...

Cineworld (CNNWF) shares have slipped 2.7% in midday London trading as the company - owner of No. 2 U.S. movie-theater chain Regal - set up its own reopening plans and came to a new release-window arrangement with Warner Bros. (T -0.1%). The Regal theaters will open for the first time in six ...

With [[AMC]] theaters reopening across California today - which brings its U.S. locations to 98% open, if capacity-limited - the stock closed the week with its fifth straight weekly gain, up 25.5% for the week. Shares in the U.S. cinema leader haven't had a weekly decline since the week of Fe...