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Cineworld to buy Regal cinemas in blockbuster deal


The deal gives Cineworld access to North America, which has the largest box office market in the world.


Cineworld currently has more than 2,000 screens across 221 sites and also owns the Picturehouse Cinemas chain.


The deal is a big bet on the cinema sector, which is under threat from streaming sites such as Netflix, Amazon Prime and iTunes which allow viewers to watch films at home.


Image copyrightGetty ImagesImage caption The 1946 film Notorious was released in an era of record cinema attendance The numbers are still a far cry from UK cinema-going's peak after World War Two which saw a record 1.63 billion cinema admissions in 1946.


This year, Cineworld's audiences have been boosted by blockbusters Dunkirk and Despicable Me 3, with recent big releases including Paddington 2 and Justice League.




READ MORE (BBC News)


  • UK's Cineworld to buy US Regal Entertainment for $3.6 billionCNBC
  • UK's Cineworld To Buy Regal Cinemas In $3.6B DealDeadline
  • Cineworld Closes $5.8 Billion 'Reverse Takeover' Deal with Regal EntertainmentTheStreet.com
  • Cineworld to buy US Regal Entertainment for $3.6 billionRTE.ie
  • UK's Cineworld targets US expansion with $3.6 billion deal to buy Regal ...Reuters.com
  • Cineworld in $A5b deal for Regal groupNEWS.com.au
  • Cineworld to buy Regal Entertainment Group for $3.6 billionFox Business
  • Cineworld buying Regal for $3.6 billion to reach into US movie-theater marketMorningstar.com
  • Regal Entertainment Group Signs Definitive Agreement to Be Acquired by ...Business Wire (press release)


This post first appeared on The 5th News, please read the originial post: here

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Cineworld to buy Regal cinemas in blockbuster deal

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