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Cineworld expects sales recovery to take two more years

Cinema chain pins hopes on new slate of blockbuster films to boost admissions

Cinema chain Cineworld, which earlier this month filed for Chapter 11 bankruptcy, has admitted that it does not expect ticket sales to recover to pre-pandemic levels for at least the next two years.

The world’s second-biggest cinema chain, which operates Regal Cinemas in the US along with brands in the UK and eastern Europe, said on Friday that admissions were “expected to remain below pre-pandemic levels” throughout 2023 and 2024.

The company, which previously blamed a lack of blockbuster films for its financial woes, said ticket sales between June and September this year were also “below expectations”.

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