Cineworld says in a buying and selling replace that the second half of its monetary 12 months had began strongly with movie releases similar to Spider-Man: Removed from Dwelling, Joker and Frozen 2.
The brand new Star Wars film, The Rise of Skywalker, can also be due out this month.
However Cineworld says: “As anticipated, the field workplace efficiency for the reported interval was slower than the comparative interval in 2018 reflecting the phasing of main releases and postponement of some extremely anticipated motion pictures to 2020.”
These embrace Avatar 2, the sequel to James Cameron’s blockbuster film which has made $2.8bn since its launch in 2009.
Between 1 January and 1 December, field workplace income fell by 12.8% whereas retail gross sales dropped by 7.4%.
Complete income dropped by 9.7%.
It says: “The influence of the foremost releases in December is anticipated to proceed the latest constructive field workplace pattern.
Nonetheless, given the weaker full 12 months field workplace, partially offset by robust execution of synergies and income initiatives, administration expects buying and selling for the complete 12 months to be barely under administration’s expectations.”