Finance Experts Company Debt released exclusive insights and data on the Cinema Sector.
Based on an average cinema price of £6.75, the UK Cinema industry needs to sell 141 million tickets this summer to make up the deficit caused by COVID-19.
In total, with a decline of 132,072,886 admissions in 2020, the British cinema industry has been amongst the worst industries hit by COVID-19.
The UK Cinema Association reported a box office decline of 955.1 million GBP in 2020.
Few could have predicted the 80% slump in box office revenues last year, resulting in a £2.2billion loss for the Cineworld group.
Everyone in the UK would have to buy two tickets to bring the industry to pre-covid levels.
Read the full article here – https://www.companydebt.com/features/141-million-tickets-to-see-james-bond-please/