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Cineworld expects fewer movie-goers during soccer World Cup
May 8, 2014 / 8:50 AM / 3 years ago

Cineworld expects fewer movie-goers during soccer World Cup

A woman walks past a graffiti painted with the official mascot of the 2014 World Cup, Fuleco the Armadillo, in Sao Paulo May 7, 2014. REUTERS/Nacho Doce

(Reuters) - Cineworld Group Plc, Britain’s largest cinema operator, said it expects the soccer World Cup this summer to have a “negative impact” on admissions to its cinemas.

Shares in Cineworld were down 1.2 percent at 338.25 pence in early trading on the London Stock Exchange on Thursday.

Cineworld reported a 34 percent jump in revenue for the 18 weeks to May 1, as more people visited its cinemas and paid more for their tickets.

Reporting by Aastha Agnihotri in Bangalore; Editing by Robin Paxton

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