Nov 13 UK-based cinema chain Cineworld Group Plc
is banking on the latest James Bond film, "Skyfall", to
put behind a lacklustre third quarter, which saw admissions dip
due to the London Olympics and the lack of major releases.
The company, which operates about 80 cinemas in the United
Kingdom, has films such as "Twilight Saga: Breaking Dawn 2" and
"The Hobbit" lined up for the current quarter and said it
expects full-year results to meet market expectations.
"Skyfall", which has enjoyed the best opening in half a
century of Bond films, gave a strong start to the current
quarter, Cineworld said.
Total revenue during the 19 weeks to Nov. 8 fell 1.4
percent. Average ticket price rose 4 percent, but admissions
fell 4.1 percent. The company was also hurt by a removal of
booking fees and comparatively lower sales of 3D glasses.
Cineworld's shares were up 2 percent at 243.75 pence at 0819
GMT on the London Stock Exchange on Tuesday.