Mooky Greidinger, CEO of exhibition giant Cineworld, has been handed a six-month suspended prison sentence and a £23,000 ($28,000) fine by Israeli officials over a breach of anti-trust law.
Mooky Greidinger, CEO of exhibition giant Cineworld, has been handed a six-month suspended prison sentence and a £23,000 ($28,000) fine by Israeli officials over a breach of anti-trust law.
Mooky Greidinger, chief executive of Regal parent Cineworld, of the world’s two biggest chains and currently in the process of emerging from bankruptcy, made an appearance on the Cinemacon stage today saluting Regal employees and giving a shout-out to Lionsgate and Hunger Games.
A US bankruptcy court has approved Cineworld for first day relief following the company’s Chapter 11 filing on September 7, 2022.
Cineworld, the world’s second largest cinema chain, faces fresh uncertainty after its second largest shareholder cut its stake, causing shares to fall in value for a second day.
Dwayne Johnson initially faked out the room here at Caesars Palace, thinking he had pre-taped his CinemaCon appearance.
EXCLUSIVE: Cineworld Chief Commercial Officer Renana Teperberg is receiving CinemaCon’s Global Achievement in Exhibition Award here in Las Vegas today. The executive has spent essentially her entire career in the business, starting with the group as a cashier in a Jerusalem movie theater and rising through various posts including Head of Programming and Marketing and SVP of Commercial, before becoming CCO in 2016.
Exhibition giant Cineworld reported its full-year 2021 earnings this morning in London, showing sharply narrowed losses and vastly improved revenues versus 2020. CEO Mooky Greidinger is bullish on the the outlook for the world’s second-largest exhibitor which also owns Regal in the U.S., as the company predicts admissions in 2022 could reach 85% of the record-breaking domestic levels seen in 2019 and as much as 95% in offshore markets including the UK and Central Europe where Cineworld operates.
Naman Ramachandran Theatrical release windows, the period of which fluctuated during the pandemic, have stabilized at approximately 45 days, according to Cineworld cinema group CEO Mooky Greidinger.Speaking at an earnings call after the group posted revenues of $1.8 billion for 2021 on Thursday, Greidinger said: “The new normal window is around 45 days, the big movies we know already from the studios will have even a longer window, some of the movies will have a shorter window. But in general, the whole COVID experience taught us and taught the studios.
Cineworld has enjoyed a record-breaking day of film-goers on its inaugural Cineworld Day.
Heading into Lionsgate’s CinemaCon presentation this afternoon, the studio’s Motion Picture Group Chairman, Joe Drake, was trying to figure out what he wanted to say to the room of exhibitors.
Covid, vax cards, dynamic windows — whatever you throw out at exhibition boss Mooky Greidinger and his No. 2 global theatrical circuit, Cineworld, which includes Regal in the U.S., he’s determined that the big screen experience will prevail. We talk with him today on the first day of CinemaCon about the various hurdles facing domestic movie theaters as the motion picture industry struggles to come out of this pandemic.
Cineworld CEO Mooky Greidinger said today that the No. 2 global exhibitor is “actively negotiating terms and structures of evolving theatrical windows with our studio partners.” He made the comment on an earnings call after Cineworld reported 2020 results which included its first-ever annual operating loss ($2.26B) as the industry has been greatly impacted by the Covid pandemic.
New York Times.“We have long-awaited this moment,” Mooky Greidinger, the chief executive of Cineworld, said in a statement to the Times. “With capacity restrictions expanding to 50 percent or more across most U.S.
Regal Cinemas, in the US at least, is closed down completely, right now. That’s hundreds of locations around the country with their doors locked and no movies playing on its various massive screens.
BBC News.The Financial Times claims Cineworld has been individually negotiating with landlords for rent cuts at its 127 sites, and the chain has appointed restructuring experts AlixPartners.Last month, it was confirmed that the cinema chain would temporarily suspend its operations in the US and UK amid the COVID-19 pandemic, putting thousands of jobs – including 5,500 in Britain – at risk.Cineworld’s chief executive Mooky Greidinger said in a statement at the time, that the decision to shut
Nancy Tartaglione International Box Office Editor/Senior ContributorEXCLUSIVE: Cineworld Group, the world’s second biggest exhibition chain, today announced plans to temporarily close its Regal movie theaters in the U.S. and its Cineworld and Picturehouse sites in the UK as coronavirus wreaks havoc with the industry.
cinemas in the UK and US, bosses confirmed. It comes after a number of huge blockbuster release dates were delayed, in a bid to secure bigger audiences.
Nancy Tartaglione International Box Office Editor/Senior ContributorEXCLUSIVE: After being closed for over five months, Cineworld reopened about 200 of its Regal Cinemas in the U.S. this past weekend.
Anthony D'Alessandro, Nancy Tartaglione EXCLUSIVE: Those in town assuming that one of the other big exhibition circuits will fall in line with AMC, and seek their own 17-day theatrical window-PVOD deal with Universal, will soon realize that it will be a cold day in hell.Cineworld CEO Mooky Greidinger, who oversees the world’s second largest chain, exclusively tells Deadline “We do not see any business sense in this model” when it comes to Universal and AMC’s agreement for a 17-day theatrical
Cineworld Action Group, an independent org representing the cinema operator’s U.K. staff, has begun a petition demanding that management require cinema patrons to wear masks, in addition to cinema staff.The petition is in response to a statement by Cineworld CEO Mooky Greidinger, who said in a recent interview that staff would be required to wear masks or face coverings, but customers would not.
Nancy Tartaglione International Box Office Editor/Senior ContributorRegal Entertainment owner Cineworld Group has confirmed it will re-open cinemas in some of its markets during the last week of June, with all theaters expected to be back online during the course of July.
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