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Evening Standard
Evening Standard
Business
Simon Hunt

Cineworld blames lack of blockbusters after ticket sales disappoint

Cineworld United States Tom Cruise Regal

Tom Cruise stars in Top Gun: Maverick

(Picture: AP)

Cineworld shares collapsed 40% this morning after the chain delivered a car-crash trading update that blamed disappointing post-pandemic ticket sales on a lack of blockbuster releases.

The cinema operator said it was seeking new sources of liquidity to shore up its balance sheet which could result in “very significant dilution of existing equity interests” for shareholders.

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