The new owners of Norwich’s Cinema City said the release of the latest James Bond movie helped drive a turnaround in revenues during last year.

To send a link to this page to a friend, you must be logged in.

The cinema chain, which bought the Picturehouse chain last year, said sales were up 2.4pc in the year to December 27, offsetting a 1.4pc decline in the summer as film fans stayed at home to enjoy one-off events such as the Diamond Jubilee, Euro 2012 and London Olympics.

As well as Skyfall, which has now taken £100m at the box office, vampire hit Twilight Saga: Breaking Dawn and The Hobbit helped narrow a decline in Cineworld admissions to 1.1pc, after a 4pc fall in the 19 weeks to November 8.

Average ticket prices rose by 5pc in the year, with an improvement in spend per head also helping Cineworld offset the fall in the number of cinema goers.

Cineworld, which has 101 cinemas with 878 screens, said there were “attractive” releases planned this year, including Les Miserables, Star Trek, Iron Man 3 and the second part of The Hobbit.

Cineworld said its latest acquisition, Picturehouse, was trading in line with expectations, and it was looking to the £47.3m deal to bring it growth in a specialised sector.

0 comments

ADVERTISEMENT

ADVERTISEMENT

Most read business stories

The proposed Morston Point business and leisure park site at King's Lynn

Failure to secure funding sees administrators appointed at Morston Assets Ltd

Question marks surround the fate of several development projects in and around King’s Lynn after the developers behind the project went into administration.

Read full story »

loading...

ADVERTISEMENT

ADVERTISEMENT