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CNNWF News and Press, Cineworld Group Plc From 08/16/21

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Company Name: Cineworld Group Plc
Stock Symbol: CNNWF
Market: OTC
Website: cineworldplc.com

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CNNWF - 'Free Guy' a positive surprise for Disney, drawing $28 million

Free Guy racked up some not-so-free movie ticket sales over the weekend for theaters and for Walt Disney (DIS -1.1%). The film easily led the box office and outperformed expectations with $28.4 million in grosses. That's significantly better than expectations for $15 million-$18 million, and ...

CNNWF - AMC gains 7% as bulls seek good earnings news after close; other cinemas struggling

AMC Entertainment (NYSE:AMC) is jumping to a session high, up 6.5% and bucking a down sector just ahead of its highly anticipated earnings coming after the closing bell. It's a report where the company is widely expected to lose nearly a dollar per share while actually recording some substant...

CNNWF - 'Jungle Cruise' tops expectations at box office, adds $30M more on Disney Plus

Jungle Cruise (DIS +0.2%) led at the domestic box office over the weekend, as expected, with a better-than-expected $34.2M in receipts. That's no Black Widow ($80M opening) or F9 (CMCSA -0.9%; $70M). But the Disney ride-based film has opened during a nationwide surge in the COVID-19 Delta var...

CNNWF - 'Jungle Cruise' set to lead box office, but will it rock Disney's online strategy?

What's on deck for the box office this weekend, following signs of a new and counterintuitive summer cooling-off? This weekend it may be all about the content. The leader is certain to be Disney's (NYSE:DIS) Jungle Cruise, which is arriving in a pandemic-record 4,310 North American venues. An...

CNNWF - Cineworld Remains Materially Overvalued As Numerous Headwinds Lie Ahead

After a large bull run over the last year, Cineworld's share price has started to pull back. Cineworld's enormous debt pile continues to weigh down on prospects. The market has gotten ahead of itself over the last year, not taking into account the unsustainability of Cineworld's c...

CNNWF - Amid cinema sell-off, IMAX chief says AMC's 2021 surge is good for business

JHVEPhoto/iStock Editorial via Getty Images Movie theater stocks today are selling the news that Black Widow (DIS +2.3%) lit up the box office with a $80M domestic opening, a record for the pandemic era. After the industry's first $100M weekend since March 2020 closings, AMC Entertainment (AM...

CNNWF - Diller: Streaming has killed the movie business as we know it

Kevin Dietsch/Getty Images News It's the annual Sun Valley Conference from Allen & Co. - meaning the aggregate income of Sun Valley, Idaho, has been temporarily boosted by several billionaires there to talk deals - and the quotable Barry Diller is on hand to weigh in on the state of media...

CNNWF - Latest 'Fast and Furious' film revs to $70M opening, raising box-office spirits

There's an audible sigh of relief coming from Hollywood and the cinema industry after F9, the latest film in the lucrative Fast and the Furious franchise, debuted with an expected splash. The film opened to $70M in grosses; not only is that easily the best performance of the pandemic era, it'...

CNNWF - No Reddit revival for MoviePass after FTC crackdown

Any hopes for a resurrection of the MoviePass service that disrupted the movie theater sector a few year ago appear to have faded even further. The operators of the MoviePass subscription service have agreed to settle Federal Trade Commission allegations they took steps to block subscribers f...

CNNWF - Big cinema chains dropping masking for vaccinated moviegoers

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...

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