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How ‘Spider-Man’ saved Cineworld’s box office sales

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Many of the main markets for Cineworld have refrained from stringent lockdowns, while vaccinations have also helped

People walk past a Cineworld in Leicester's Square, in London, Britain, in this October 4 2020 file photo. REUTERS/HENRY NICHOLLS

The world’s second-largest theatre operator said its cash flow turned positive in the fourth quarter after sales improved. Cinema operators have also been hurt by straight-to-streaming, but Cineworld has seen gradual recovery since April helped in part by Marvel films including “Black Widow” and “Eternals”.

Group sales for Cineworld in December stood at 88% of pre-pandemic 2019 levels, up from 56% in November.

 

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