Barbie and Oppenheimer too late to stop Everyman falling to a first-half loss
- The London-based cinema chain made a £4.3m for the six months ending June
- Falling ticket purchases led to turnover declining by around £2.4m to £38.3m
- Everyman has benefited massively from the release of Barbie and Oppenheimer
First-half losses at Everyman Media Group soared more than fivefold due to a weaker slate of major film releases and the costs of new venue launches.
Britain’s fourth-largest cinema operator reported a £4.3million loss for the six months ending June, compared to a £798,000 loss in the same period last year.
It faced the challenge of unfavorable comparisons to blockbuster releases in the first half of the previous year and the delayed release of this year’s two major films, Barbie and Oppenheimer.
The company attributed the increased costs to higher salaries and the opening of new sites in Salisbury, Plymouth, and Northallerton in Yorkshire.
Turkey: Everyman Media Group reported a £4.3million loss for the six months ending June
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