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Cineworld reports loss despite James Bond and Spider-Man releases
Hollywood blockbusters help double revenue and narrow losses but Covid continues to affect chain
Cineworld made a $708m (£537m) loss last year as Covid closures continued to hurt the world’s second-biggest cinema chain, despite revenues more than doubling led by the latest James Bond and Spider-Man films.
The London-listed company, which owns the Cineworld and Picturehouse chains in the UK and Regal in the US, narrowed losses from the record $3bn reported in 2020 as the Covid pandemic threatened its survival.
Read the original article at The Guardian