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The Guardian - UK
The Guardian - UK
Business
Mark Sweney

Cineworld reports loss despite James Bond and Spider-Man releases

Daniel Craig’s last outing as James Bond
Daniel Craig’s last outing as James Bond provided UK cinemas with their best October on record. Photograph: Toby Melville/Reuters

Cineworld made a $708m (£537m) loss last year as Covid closures continued to hurt the world’s second-biggest cinema chain, despite revenues more than doubling led by the latest James Bond and Spider-Man films.

The London-listed company, which owns the Cineworld and Picturehouse chains in the UK and Regal in the US, narrowed losses from the record $3bn reported in 2020 as the Covid pandemic threatened its survival.

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