Cineworld nixes flotation

Stock market downturn prompts exhib to rethink plans

LONDON — Cineworld, the U.K’s second largest cinema chain with 820 screens, has reversed its decision to float citing adverse market conditions.

Cineworld announced its intention to float on the London Stock Exchange on May 10. But with stock markets across the world experiencing a downturn of late, Cineworld chief exec Steve Wiener has decided to pull the flotation.

With the soccer World Cup kicking off in Germany June 9, cinema biz in Blighty is set for a fallow month as auds stay home to watch the action unfold. The tournament wraps on July 9.

Cineworld is owned by private equity group Blackstone. The market leader Odeon is also owned by a private equity group, as is Vue Entertainment, the third-biggest circuit.

More Film

  • Les Arcs Film Festival

    Les Arcs European Film Festival's Industry Village Kicks Off with Strong Roster

    LONDON — Cineworld, the U.K’s second largest cinema chain with 820 screens, has reversed its decision to float citing adverse market conditions. Cineworld announced its intention to float on the London Stock Exchange on May 10. But with stock markets across the world experiencing a downturn of late, Cineworld chief exec Steve Wiener has decided […]

  • Star Wars: The Last Jedi

    Box Office: 'Star Wars: The Last Jedi' Rockets to $215 Million Opening Weekend

    LONDON — Cineworld, the U.K’s second largest cinema chain with 820 screens, has reversed its decision to float citing adverse market conditions. Cineworld announced its intention to float on the London Stock Exchange on May 10. But with stock markets across the world experiencing a downturn of late, Cineworld chief exec Steve Wiener has decided […]

  • Disney-Fox Deal Sets Up Scramble for

    Disney-Fox Deal Unleashes Flood of Free-Agent Executives, Talent

    LONDON — Cineworld, the U.K’s second largest cinema chain with 820 screens, has reversed its decision to float citing adverse market conditions. Cineworld announced its intention to float on the London Stock Exchange on May 10. But with stock markets across the world experiencing a downturn of late, Cineworld chief exec Steve Wiener has decided […]

  • Anita Hill

    Anita Hill Chairs Hollywood Anti-Sexual Harassment Commission Formed by Top Execs

    LONDON — Cineworld, the U.K’s second largest cinema chain with 820 screens, has reversed its decision to float citing adverse market conditions. Cineworld announced its intention to float on the London Stock Exchange on May 10. But with stock markets across the world experiencing a downturn of late, Cineworld chief exec Steve Wiener has decided […]

  • Warren Beatty

    Arnon Milchan Sues Warren Beatty Over 'Rules Don't Apply' Flop

    LONDON — Cineworld, the U.K’s second largest cinema chain with 820 screens, has reversed its decision to float citing adverse market conditions. Cineworld announced its intention to float on the London Stock Exchange on May 10. But with stock markets across the world experiencing a downturn of late, Cineworld chief exec Steve Wiener has decided […]

  • Oscar Isaac Addams Family

    Oscar Isaac in Talks to Voice Gomez Addams in Animated 'Addams Family' Movie

    LONDON — Cineworld, the U.K’s second largest cinema chain with 820 screens, has reversed its decision to float citing adverse market conditions. Cineworld announced its intention to float on the London Stock Exchange on May 10. But with stock markets across the world experiencing a downturn of late, Cineworld chief exec Steve Wiener has decided […]

  • Jennifer Lawrence

    Publicists for Jennifer Lawrence, Daisy Ridley, Amy Adams Form New Firm

    LONDON — Cineworld, the U.K’s second largest cinema chain with 820 screens, has reversed its decision to float citing adverse market conditions. Cineworld announced its intention to float on the London Stock Exchange on May 10. But with stock markets across the world experiencing a downturn of late, Cineworld chief exec Steve Wiener has decided […]

More From Our Brands

Access exclusive content