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NEW YORK, Jan. 22, 2025 (GLOBE NEWSWIRE) -- Reading International, Inc. (NASDAQ: RDI) (“Reading” or our “Company”), an internationally diversified cinema and real estate company with operations and assets in the United States, Australia, and New Zealand, today announced that its global cinema operations achieved several box office records over the November and December 2024 holiday period driven by the release of a variety of Hollywood blockbusters, including Wicked, Moana 2, Gladiator II, Mufasa: The Lion King and Sonic the Hedgehog 3. Our Company’s specialty theaters, trading under the Angelika brand, likewise enjoyed a strong box office from award winning movies like The Brutalist, Anora, The Room Next Door, Queer and A Real Pain.
Our Company’s Australian circuit, trading under the Reading Cinemas (www.ReadingCinemas.com.au) and Angelika (www.AngelikaCinemas.com.au) brands set Box Office Revenue records for both November and December:
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December 2024 was the highest December Box Office result ever, eclipsing the previous record set in December 2019.
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November 2024 was the highest November Box Office result ever.
Reading Cinemas in New Zealand (www.ReadingCinemas.co.nz) captured the following Box Office milestones:
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December 2024 was the highest December Box Office since the pandemic.
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November 2024 was the highest November Box Office since the pandemic.
In the United States, despite our closing of several unprofitable cinemas (eight theaters comprising 52 screens) since January 2019, the Box Office of our Company’s Reading Cinema (www.ReadingCinemas.com), Consolidated Theatre (www.ConsolidatedTheatres.com) and Angelika (www.AngelikaFilmCenter.com) brands achieved the following revenue milestones:
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December 2024 was the highest December Box Office since the pandemic.
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November 2024 was the highest November Box Office since the pandemic.
In Australia, our Company has launched a new Loyalty Program, Reading Rewards, which provides customers the opportunity to earn and redeem points for a range of Ticket and Food & Beverage items. In addition, for AUS$20 a year, customers can upgrade their membership to a Boost tier – offering 15% off Tickets and 10% off Food and Beverage, along with double points and access to Boost member exclusive promotions.
More information on Reading Rewards can be found at www.readingrewards.com.au.
About Reading International, Inc.
Reading International, Inc. (NASDAQ: RDI), an internationally diversified cinema and real estate company operating through various domestic and international subsidiaries, is a leading entertainment and real estate company, engaging in the development, ownership, and operation of cinemas and retail and commercial real estate in the United States, Australia, and New Zealand.