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Regal Owner Cineworld Swings to First-Half Loss, Says “No Certainty” on Future Impact of COVID-19 – Hollywood Reporter

CEO Mooky Greidinger also reemphasizes the firm will only show films that respect the theatrical window and says “negotiations with the banks remain ongoing in order to obtain covenant waivers in respect of December 2020 and June 2021.”




Exhibition giant and Regal owner Cineworld Group on Thursday swung to a loss for the first half of 2020 as revenue fell sharply amid the novel coronavirus pandemic, which led to cinema closures worldwide.
Revenue fell to $712.4 million, adjusted EBITDA dropped to $53.0 million, and the group swung to an after-tax loss of $1.58 billion, or $436 million on an adjusted basis.
Revenue in the comparable period of 2019 had come in at $2.15 billion, with after-tax profit of $200.8 million, and adjust…

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