Cineworld expects fewer movie-goers during soccer World Cup

Thu May 8, 2014 3:21pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

(Reuters) - Cineworld Group Plc, Britain's largest cinema operator, said it expects the soccer World Cup this summer to have a "negative impact" on admissions to its cinemas.

Shares in Cineworld were down 1.2 percent at 338.25 pence in early trading on the London Stock Exchange on Thursday.

Cineworld reported a 34 percent jump in revenue for the 18 weeks to May 1, as more people visited its cinemas and paid more for their tickets.

(Reporting by Aastha Agnihotri in Bangalore; Editing by Robin Paxton)

 
A woman walks past a graffiti painted with the official mascot of the 2014 World Cup, Fuleco the Armadillo, in Sao Paulo May 7, 2014.   REUTERS/Nacho Doce