RegalCineworld

Regal Owner Cineworld Turns Cash Flow Positive in Fourth Quarter, Touts ‘Spider-Man: No Way Home’

Regal Owner Cineworld Turns Cash Flow Positive in Fourth Quarter, Touts ‘Spider-Man: No Way Home’

BY GEORG SZALAI | HollywoodReporter.ComTroy Warren for CNT #Business  The cinema giant says October and December revenue neared 2019 levels and confirms that it served its notice of appeal of an Ontario court decision against it over abandoning the planned acquisition of Canada's Cineplex.Exhibition giant and Regal owner Cineworld Group said on Friday that it turned cash flow positive in the fourth quarter thanks to improved revenue and cost controls and touted nearing pre-coronavirus pandemic revenue levels in December, helped by the likes of the newest Spider-Man movie.The cinema group, led by CEO Moshe “Mooky” Greidinger, also confirmed that it…
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