Media News

UK cinema chain Cineworld's 2017 revenue grows as Star Wars, Dunkirk shine

Jan 17 (Reuters) - British cinema operator Cineworld Group , which is buying U.S. peer Regal Entertainment for $3.6 billion, said total 2017 revenue grew 11.6 percent on strong box office takings for titles such as “Star Wars: The Last Jedi” and “Dunkirk”.

Cineworld, which operates 2,217 movie screens, said group box office revenue for the year to Dec. 31 grew 10.3 percent with admissions increasing in both Britain and Ireland.

“Beauty and the Beast”, “Star Wars: The Last Jedi” and “Dunkirk” were the highest grossing films of the year in Britain.

In December, Cineworld sealed an agreement to buy larger U.S. peer Regal Entertainment Group in a deal that would create the world’s second largest movie theatre operator. (Reporting by Rahul B in Bengaluru; Editing by Adrian Croft)