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Demand for cinema trips picked up last year as pandemic restrictions were lifted, boutique operator Everyman Media Group reports this morning
Everyman, which runs 38 venues across the UK, told shareholders today that its revenues swelled to £78.8m in 2022, up from £49m in 2021, with admissions rising to 3.4m from 2m.
Supported by an increasingly strong pipeline of new releases, commitment to the theatrical window from studios and new investment from streamers in films for theatrical release, we view our prospects with increasing confidence.
Moving through 2023 and beyond, the Everyman proposition feels as relevant as ever.”
Several shareholders in the group, which has been listed in London since it demerged from pubs business Mitchells & Butlers two decades ago, asked at an investor roadshow last month whether it had any plans to switch its primary listing to the US, IHG chief executive Keith Barr told the Financial Times.
The group has a secondary listing in New York. “When we listed, there was probably no reason to even think about listing in the US for our primary listing because the FTSE was the FTSE and it was incredibly liquid . . . but things have changed,” said Barr.
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