Among those new measures, Cineworld has updated its booking system to ensure social distancing within and throughout auditoriums, adapted its daily movie schedules to manage lines and to avoid the build-up of crowds in lobbies, and enhanced its cleanliness and sanitation procedures across all sites. (Dates are still subject to final clarifications and confirmation in relation to various government COVID-19 restrictions in certain territories. ", Cineworld also said it was "excited by the great movie lineup to follow the reopening of cinemas, starting with the highly anticipated new Chris Nolan movie Tenet and immediately after that with Mulan.". It forecast that it would breach loan covenants in December this year, June 2021 and December 2021 but said it was “confident” it would be able to obtain waivers. To keep … Cineworld began reopening in July after virus-related restrictions started to ease, but the further postponement of the James Bond film "No Time To …
Earlier this year, the coronavirus pandemic forced Cineworld to close its 787 cinemas in 10 countries, while company bosses waived their salaries and bonuses. CINEWORLD is planning to re-open hundreds of cinemas across the UK on Friday, July 10 – as long as the government gives the go-ahead. Launch dates for broadcast, cable and streaming programs, Up-to-date lists for broadcast, cable and streaming series, Pandemic-proof vs. pandemic-contingent broadcast lineups, Signup for Breaking News Alerts & Newsletters, Get our latest storiesin the feed of your favorite networks. Cineworld chief Mooky Greidinger had previously told Deadline he expected a late June/early July start back to operations, while the company recently reiterated July was the overall target.
), The company said today, “With several blockbuster movies including Tenet and Mulan now confirmed for release in the coming weeks, Cineworld is pleased to announce plans that will see it re-open cinemas across some territories during the last week of June, with all theaters expected to be open over the course of July.”, Amidst the ongoing COVID-19 crisis, Cineworld’s main priority “remains the health and well-being of both our customers and colleagues.
If it then didn't manage to negotiate new terms with lenders, this could "cast significant doubt about the group’s ability to continue as a going concern," a phrase meaning it could go out of business. Rival Vue, one of Europe’s largest cinema operators, has also said it intends to reopen in July with measures including physically isolating family groups and staggering film times to reduce crowding. A Cineworld spokesperson said they could not confirm whether any job cuts were on the horizon. Venues will enforce physical distancing and hygiene rules if lockdown is further eased, Thu 28 May 2020 10.33 BST Cineworld chief executive Mooky Greidinger said other films that will be released this summer include A Quiet Place Part II, The Broken Hearts Gallery, Bill & Ted Face the Music and Antebellum, as well as a re-release of Christopher Nolan's Inception on Imax. In a statement today, Cineworld outlined a schedule for re-openings across nine markets with the U.S. and UK due on July 10. The association also says pick 'n' mix stands should be removed, and moviegoers should be encouraged to pre-order popcorn. The company also agreed the terms of $110 million of additional liquidity through an increase in its revolving credit facility. These are external links and will open in a new window.
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It said admissions have been growing since it reopened sites in the UK and the US in recent weeks, thanks in part to local films and the release of the blockbuster movie Tenet. “Cineworld is excited by the great movie line-up to follow the reopening of cinemas, starting with the highly anticipated new Chris Nolan movie Tenet and immediately after that with Mulan, a new Disney adventure movie.”. Israel is pegged to July 9, and Hungary and Romania are to be confirmed, but are anticipated to re-open the week of July 3.
Cineworld is planning to reopen all of its cinemas in July when lockdown restrictions are eased with social distancing measures in place.
The FTSE 250 company, which had net debts of £8.2bn at the end of June, said it “should be able” to operate within its current facilities for at least 12 months.
It also raised additional liquidity, saying that would allow it to make it through the end of the year. Michael Hewson, the chief market analyst at CMC Markets UK, warned that Cineworld might not be able to survive without a takeover.
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