Regal Owner Cineworld Says No 'Material Impact' on Admissions From Coronavirus

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Regal Owner Cineworld Says No 'Material Impact' on Admissions From Coronavirus
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Regal owner Cineworld says it has not seen 'any material impact' on its movie theater admissions due to the coronavirus so far. Despite the delay of the new James Bond movie, it says studios 'currently remain committed to their release schedule.' Details:

The exhibition giant reports"good levels of admissions in all our territories" and says that despite the delay of the new James Bond movie studios"currently remain committed to their release schedule."

A day after its stock plunged as analysts and investors reacted to news of the delay of the release of the new James Bond movie to November. "Given the impact that COVID-19 is having on the broader markets, we feel it is important to update our shareholders on current trading," Cineworld said. "Thus far, we have not observed any material impact on our movie theater admissions due to COVID-19. Following an increase in admissions in the first two months of the year against the same period in the previous year, we continue to see good levels of admissions in all our territories, despite the reported spread of COVID-19.

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