Tan France and Bobby Berk are celebrating the 2024 Academy Awards at opposing parties amid rumors of a feud.
22.02.2024 - 12:09 / deadline.com
The Kinepolis Group – which operates 109 cinemas worldwide with 1,131 screens and more than 200,000 seats – has posted record results for 2023.
The Belgium-based international exhibitor said it had achieved its highest ever revenue, thanks to a 20.6% hike in visitors to 35.3M, adding that the results were a sign that it had “completely recovered” from the impact of the Covid-19 pandemic.
Revenue increased by 21.1% to $657M (€605.5M), with EBITDAL increasing by 32.8% to $164M (€151.4M). Net profit doubled to $60.8M (€56.1M).
Within the overall revenue figure, there had been a 22.1% increase in box office returns to $372M (€318.6M) and a 24.2% increase in revenue from sale of drinks and snacksto $225M (€192.8M), as a result of higher consumption per visitor and inflation-compensating price increases in almost all the countries.
The exhibitor said that alongside the increase in admissions, its performance had also been boosted by higher spending per visitor, as a result of its investment in premium concepts and film experiences.
Profit per visitor rose 104% to $2.37 (€2.08) against $1.19 (€1.02) in 2022.
The top five films in Kinepolis cinemas in 2023 were The Super Mario Bros. Movie, Barbie, Avatar: The Way of Water, Oppenheimer and Guardians of the Galaxy Vol. 3.
The most successful local films were WIL and Zillion in Belgium; Alibi.com 2, Asterix & Obelix: The Middle Kingdom, 3 Jours Max and The Three Musketeers: D’Artagnan in France, De Tatta’s in the Netherlands and Championext and Ocho Appellidos Maroquís in Spain.
The exhibitor noted that after a stellar summer, Q4 2023 had been impacted by the Hollywood strikes and subsequent postponement “of the most anticipated autumn film” Dune: Part Two, with visitor numbers
Tan France and Bobby Berk are celebrating the 2024 Academy Awards at opposing parties amid rumors of a feud.
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