Odeon and UCI chains hoping for blockbusters boost
The firm posted a 12.2 per cent rise in paid attendance during the first quarter, well ahead of market growth, and pointed to particularly strong performances in the UK, Germany and Italy – driven by the likes of Fifty Shades of Grey and The Theory of Everything. Revenues in Q1 topped £183.9m, up from £163.3m a year earlier.
It said a strong pipeline of films for the remainder of the year, including Jurassic World, the new Bond film Spectre and the latest Star Wars movie, would provide “positive momentum and growth”.
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Hide AdGroup chief executive Paul Donovan said: “We have had an encouraging start to 2015 – outperforming the growing market as a result of the strategic actions that we are taking. The outlook for the rest of the year remains positive.”