Everyman Media Group shares plunged on Friday as the cinema group highlighted the box office failure... عرض المزيدEveryman Media Group shares plunged on Friday as the cinema group highlighted the box office failure of the new Joker movie after posting a disappointing sales performance.
The London-based business noted its performance was weaker than expected during the fourth quarter, partly after the poor
showing of psychological thriller Joker: Folie à Deux.
Starring Joaquin Phoenix and Lady Gaga, the much-anticipated sequel to 2019's Joker was largely panned by
critics and a commercial disaster, with worldwide ticket sales barely exceeding its production costs.
In the UK, the film only grossed £10million during the first month after its
release, while its predecessor earned an equivalent £58.3million throughout its entire run.
Following this, Everyman saw trading impacted by a congested calendar
of five blockbuster releases in five weeks, resulting in titles competing against each other.
Poor showing: Joker: Folie à Deux was largely panned by critics
and a commercial disaster, with worldwide ticket sales barely exceeding
its production costs
Among the high-profile films to hit screens in November and December were the musical fantasy adaptation Wicked,
animated movie The Wild Robot, and the sequels Moana 2
and Gladiator II.
Everyman said its customers spent less on average
during the period because of the larger proportion of
family-friendly movies that came out.
However, the company's turnover still expanded by 17.9 per cent to
£107.2million in the 53 weeks ending 2 January.
Revenues were supported by average ticket prices
rising by 2.8 per cent to £11.98 and membership numbers growing by a record 56,000.
RELATED ARTICLES
Previous
1
Next
Cinema group Everyman bids for a blockbuster winter with a...
Everyman Media Group buys two cinemas from collapsed chain
Share this article
Share
Everyman attracted significant audiences for award-winning movies like Poor
Things, The Holdovers, and Anthony Hopkins drama One Life,
as well as the sci-fi epic Dune: Part Two, starring Austin Butler and Timothée Chalamet.
Due to heightened uncertainty related to the Autumn Budget, the firm said it was 'more cautious' regarding its outlook for this year and
next.
Read More
Cinemas boom as ticket sales soar: Brits shrug off the economic gloom to splurge on entertainment
However, Everyman expects to benefit from a slew of big releases,
especially in the opening half of 2025.
Major titles coming out include the Michael Jackson biopic Michael, Bridget Jones: Mad About the Boy, Avatar:
Fire and Ash, and Mission: Impossible - The Final Reckoning.
Alex Scrimgeour, chief executive of Everyman, said the group had achieved 'positive operational and strategic progress' despite recent troubles like the Hollywood film and television strikes.
He added: 'We are focused on continuing to control debt
and reduce leverage, and, notwithstanding the wider trading environment, we
will continue to deliver Everyman's unique brand of hospitality to our growing
customer base.'
Everyman intends to launch two more venues in London this year:
one at Brentford Lock and another at the redeveloped
Whiteley building in Bayswater.
It currently runs 47 sites with a total of 163 screens, having recently opened locations in Cambridge and Stratford's Queen Elizabeth Olympic Park.
DIY INVESTING PLATFORMS
AJ Bell
AJ Bell
Easy investing and ready-made portfolios
Learn More
Learn More
Hargreaves Lansdown
Hargreaves Lansdown
Free fund dealing and investment ideas
Learn More
Learn More
interactive investor
interactive investor
Flat-fee investing from £4.99 per month
Learn More
Learn More
Saxo
Saxo
Get £200 back in trading fees
Learn More
Learn More
Trading 212
Trading 212
Free dealing and no account fee
Learn More
Learn More
Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting.
This does not affect our editorial independence.
Compare the best investing account for you
Feel free to surf to my web blog ... สล็อตออนไลน์
EF
Essie Fizelle
يعيش في Puckington, بلغاريا.
متزوج.
نبذة مختصرة
Everyman Media Group shares plunged on Friday as the cinema group highlighted the box office failure... عرض المزيد