Cinema ticket prices up 40 per cent
By Sophie Ladd | 13th August 2021
Cineworld have increased their prices by over 40 per cent since they have been allowed to reopen their screens.
A spokesperson for the cinema said the rise was driven by customer behaviour and timing of film releases.
The company suffered $515.2 million USD in losses in the first half of the year, but since reopening, trading has been positive. Shares have risen this morning as investors look to a brighter future where lockdowns are a thing of the past.
Despite increasing ticket prices, meaning customers spent more this year when visiting, the company reported revenue decline to $292.8 million.
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