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    CINE   GB00B15FWH70

CINEWORLD GROUP PLC

(CINE)
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Cineworld : Disney to debut rest of 2021 films exclusively in theaters

09/10/2021 | 05:17pm EDT

LOS ANGELES, Sept 10 (Reuters) - Walt Disney Co said on Friday it will release "Eternals," "West Side Story" and the rest of its 2021 films exclusively in theaters before sending them to streaming, a show of confidence that moviegoing will rebound.

The company had experimented during the pandemic with debuting some movies on the Disney+ streaming service at the same time they ran in theaters. Cinema operators have been closely watching how Disney, which has dominated movie box offices in recent years, would handle its upcoming slate as the Delta variant slowed audiences' return to multiplexes.

Disney said in a statement that animated musical "Encanto" will play in theaters for 30 days starting Nov. 24 and head to Disney+ just before Christmas. The film tells the story of a family who live in a magical house in the mountains of Colombia. It includes music written by "Hamilton" creator Lin-Manuel Miranda.

All other Disney releases, including Marvel movie "Eternals" in November and Steven Spielberg's revival of "West Side Story" in December, will play exclusively in cinemas for at least 45 days, the company said.

Disney's most recent film, Marvel's "Shang-Chi and the Legend of the Ten Rings," just set a Labor Day weekend record with $94.7 million in ticket sales at U.S. and Canadian theaters. The film, featuring a predominantly Asian cast including Simu Liu and Awkwafina, played only at cinemas.

But moviegoing for the year remains well below pre-pandemic levels. Theater chains including AMC Entertainment, Cineworld Plc and Cinemark Holdings Inc are counting on big fall and winter titles to lure customers back.

Disney's other 2021 films are historical drama "The Last Duel" and animated comedy "Ron's Gone Wrong" in October, and action spy film "The King's Man" in December. (Reporting by Lisa Richwine Editing by Chris Reese and David Gregorio)


© Reuters 2021
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Analyst Recommendations on CINEWORLD GROUP PLC
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Financials
Sales 2021 1 403 M 1 930 M 1 930 M
Net income 2021 -529 M -728 M -728 M
Net Debt 2021 6 067 M 8 347 M 8 347 M
P/E ratio 2021 -1,77x
Yield 2021 -
Capitalization 855 M 1 177 M 1 177 M
EV / Sales 2021 4,94x
EV / Sales 2022 2,28x
Nbr of Employees 30 432
Free-Float 64,4%
Chart CINEWORLD GROUP PLC
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Cineworld Group plc Technical Analysis Chart | CINE | GB00B15FWH70 | MarketScreener
Technical analysis trends CINEWORLD GROUP PLC
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Mean consensus HOLD
Number of Analysts 10
Last Close Price 62,30 GBX
Average target price 91,90 GBX
Spread / Average Target 47,5%
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Managers and Directors
Moshe Joseph Greidinger Chief Executive Officer & Non-Executive Director
Nisan Cohen Chief Financial Officer & Executive Director
Alicja Kornasiewicz Chairman
Matthew Eyre Chief Operating Officer
Arni Samuelsson Independent Non-Executive Director
Sector and Competitors