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Are cinema operators like Cineworld Group Plc in peril now that Amazon has captured Bond?


Are cinema operators like Cineworld in peril now that Amazon has captured Bond?
A metaphorical lazerbeam is pointed at cinemas nethers, do we expect them to compete? … “No Mr Bond, we expect them to die”.
So what is to become of the cinema industry in a post-covid world where the big Hollywood studios are now also streaming platforms. Is cinema about to go the way of Blockbuster?
It would’ve been weird to suggest in the early 2000s that a practically unheard of mail-order DVD company would effectively shatter the Blockbuster video rental chain.
In fact, one – maybe too good to be true – anecdote claims Netflix founder Reed Hastings was laughed out of the room when he pitched Blockbuster CEO John Antioco with the idea of a partnership at the turn of the millennium. ....

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FTSE opens 0.2% higher as reopening hopes tempered by inflation fears | 24 May 2021


24 May 2021 | 08:32am
StockMarketWire.com - UK stocks made modest gains in early dealings on Monday as local businesses continued to report a bounce back in trading activity after lockdowns eased.
At 0820, the benchmark FTSE 100 index was up 15.56 points, or 0.2%, at 7.033.61.
Cinema group Cineworld firmed 3.1% to 89.55p after it said ticket sales for its opening weekend in the UK exceeded its expectations, led by the success of Peter Rabbit 2: The Runaway .
Cineworld added that in the US, following the opening of an additional 167 cinemas, over 97% of its cinemas had resumed operations.
IT provider Kainos rallied 2.6% to £14.49 as its annual profit more than doubled thanks to strong demand for digital transformation services. Food packing business Hilton Food gained 0.7% to £12.38 on announcing a strong start to the year that had put it on track to meet its profit expectations. ....

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Cineworld : European stocks hover near record high, Cineworld gains


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(For a Reuters live blog on U.S., UK and European stock
markets, click LIVE/ or type LIVE/ in a news window)
Cineworld shines on UK reopening
Lagarde says too early to discuss policy change
Several European markets closed for holiday
May 24 (Reuters) - European stocks closed in on record highs
on Monday as investors counted on continued economic recovery
and strength in corporate earnings to keep the market momentum
going.
The pan-European STOXX 600 index rose 0.2% to
445.10 points, just below its record high of 446.19 points.
Trading activity was subdued with markets in Austria,
Denmark, Hungary, Norway, Switzerland and Germany closed for ....

United Kingdom , Northern Ireland , Sruthi Shankar , Christine Lagarde , Sebastien Galy , Arun Koyyur , European Central Bank , United Kingdom Cineworld Group Plc , Several European , Cineworld Group Plc , European Central Bank President Christine Lagarde , Asset Management , Cineworld Group Plc Stock Exchange , Press Release , Arket Cine Gb00b15fwh70 , ஒன்றுபட்டது கிஂக்டம் , வடக்கு ஐயர்ல்யாஂட் , ஸ்ருதி ஷங்கர் , கிறிஸ்டின் லகார்ட் , அருண் கொய்யுர் , ஐரோப்பிய மைய வங்கி , ஒன்றுபட்டது கிஂக்டம் ஸிந்‌வோவர்ல்ட் குழு ப்ல் , ஸிந்‌வோவர்ல்ட் குழு ப்ல் , ஐரோப்பிய மைய வங்கி ப்ரெஸிடெஂட் கிறிஸ்டின் லகார்ட் , சொத்து மேலாண்மை ,

'Peter Rabbit 2' helps draw crowds after lockdown in UK | Showbiz


Monday, 24 May 2021 03:45 PM MYT
A screengrab from ‘Peter Rabbit 2: The Runaway’ that stars Domhnall Gleeson, Rose Byrne, James Corden, Margot Robbie and Elizabeth Debicki among others.
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LONDON, May 24 Cineworld Group Plc said on Monday its UK cinemas pulled in more people than expected after a months-long Covid-19 lockdown, helped by Sony Pictures’ animated adventure comedy
Peter Rabbit 2: The Runaway.
The world’s second-largest cinema chain also said more than 97 per cent of its US cinemas had resumed operations, while most of its screens in the rest of the world were expected to reopen by the end of the month. ....

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