Mon 5 Oct 2020 05.08 EDT. Analysts described the impact of Covid-19, which sparked lockdowns worldwide, as a “horror movie” that plagues the entertainment sector, with cinemas already shut in key US markets including the cities of Los Angeles and New York. This translation has been automatically generated and has not been verified for accuracy. The latest James Bond release, No Time to Die, had already been delayed from its initial April release until November; on Friday, Metro-Goldwyn-Mayer announced it was postponing the premiere again, until April of 2021.
Please log in to listen to this story. Bleeding cash, Cineworld boss says no choice but to shut sites. The announcement comes just days after the makers of the new James Bond movie — which has already had its release date pushed back owing to the pandemic — said it would not be released until April 2021. If you are looking to give feedback on our new site, please send it along to, To view this site properly, enable cookies in your browser.
(Photo by JUSTIN TALLIS / AFP). After delaying the release of Mulan multiple times since March, Disney decided to skip theatres altogether in North America and Britain, instead making the film available to subscribers of its Disney+ streaming service for an added fee. Welcome to The Globe and Mail’s comment community. Call 896 6000. Cineworld will close all of its UK and U.S. movie theaters later this week, leaving as many as 45,000 workers unemployed for the foreseeable future as it strives to survive the impact of the coronavirus crisis on the film industry. The Zero Canada Project provides resources to help you manage your health, your finances and your family life as Canada reopens. On Sept. 23, Cineplex announced that 1.5 million people had visited its theatres since they reopened on July 1. “From a liquidity point of view, we were bleeding much bigger amounts when we are open than when we were closed,” Greidinger said. The number demonstrates that some people have been reluctant to return to theatres: in the three months ended Sept. 30, 2019, Cineplex reported 17.5 million people walked through its doors. Cineworld, the world’s second-biggest cinema chain, will … (Reuters) - Cineworld CINE.L, the world's second-biggest cinema chain, will close its UK and U.S. movie theatres this week, leaving as many as 45,000 workers unemployed, as it fights a coronavirus-related collapse in film releases and cinema-going. Thank you for your patience. “Although the delay of the latest 007 blockbuster prompted the decision, Bond isn’t the villain in this piece,” Hargreaves Lansdown analyst Susannah Streeter said. The company said the reluctance of studios to go ahead with major releases such as the new James Bond film had left it no choice but to close all 536 Regal theatres in the U.S. and its 127 Cineworld and Picturehouse theatres in the UK from Oct. 8. What you need to know about Coronavirus. This is a space where subscribers can engage with each other and Globe staff. Click here to subscribe. While we are always reviewing and refining our operating plans, we are staying the course and will proudly continue offering a safe, comfortable and welcoming movie-going environment for Canadians,” Cineplex spokesperson Sarah Van Lange said in a statement Monday. “No Time to Die,” the 25th installment of the fictional British spy saga, sees Bond drawn out of retirement in Jamaica and is expected to be actor Daniel Craig’s last outing as 007. “We did everything in our power to support safe and sustainable reopenings in all of our markets — including meeting, and often exceeding, local health and safety guidelines in our theatres and working constructively with regulators and industry bodies to restore public confidence in our industry,” the firm said in its statement.
A sparse, physically distanced crowd watches a film at the Queensway Cineplex Cinema in Toronto on Aug. 18, 2020. MTAC wrote that movie theatres “are exceedingly safe.”. From Thursday, it will suspend operation at 127 Cineworld and Picturehouse theatres in Britain, and 536 Regal theatres in the US, affecting 45,000 employees, a statement said. Full Disclaimer. For more information on COVID-19, call the DOH Hotline: (02) 86517800 local 1149/1150. By continuing, you are agreeing to our use of cookies. 351 King Street East, Suite 1600, Toronto, ON Canada, M5A 0N1, Just $1.99 per week for the first 24 weeks, var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o? We aim to create a safe and valuable space for discussion and debate.
While some cinemas in China, the world’s second largest movie market, have reopened with strong audiences, there is a lack of major movies to watch on the big screen. A couple shelter from the rain under an umbrella as they pass a cineworld cinema in Leicester Square in central London on October 4, 2020. LONDON — British cinema chain Cineworld is temporarily shutting its theaters in Britain and the United States as the coronavirus pandemic delays major new films like the latest James Bond spy blockbuster, it announced Monday. “Without these new releases, Cineworld cannot provide customers in both the U.S. and the UK... with the breadth of strong commercial films necessary for them to consider coming back to theatres,” it said. Shares fell as much as 60% to an all-time low within ten minutes of the opening bell on Monday as the group, which is carrying heavy debt due in part to its acquisition of Regal in 2018, said it was looking at all ways of raising additional funds. “In turn, without these new releases, Cineworld cannot provide customers in both the US and the UK — the company’s primary markets — with the breadth of strong commercial films necessary for them to consider coming back to theatres against the backdrop of Covid-19,” it added. The nearest underground stations are Leicester Square and Piccadilly Circus, both short walks away. And without decent content, audience levels are unlikely to return any time soon.”.
Follow Susan Krashinsky Robertson on Twitter, I'm a print subscriber, link to my account, Avoid the use of toxic and offensive language. Its market value was also affected by the cancellation of a deal to be acquired by London-based Cineworld that fell apart during the pandemic. , the world's second-biggest cinema chain, will close its UK and U.S. movie theatres this week, leaving as many as 45,000 workers unemployed, as it fights a coronavirus-related collapse in film releases and cinema-going. Cineworld is set to … Int’l Emmy nod for Jake Zyrus docu brings cheer to singer in trying times, Gretchen Malalad slams Dasma Village admin for order not to feed abandoned cats, Anne Curtis on Dahlia at 7 months: ‘Melting my heart every single day’, Smart poised to turn PH into ‘Smart 5G country’ with nationwide rollout, PNP wants barangay ordinances vs karaoke singing, noisy activities, World-class architectural marvels from SMDC, Velasco now has backing of House majority, says ally, Saudi Arabia bound Bacolod stowaway stopped at NAIA, Proof to indict Duque enough, says Lacson, Cayetano to confront Romero, Teves for ‘using’ congressional posts for ‘illegal’ practices, Teves presents video showing he was muted during vote on Cayetano’s resignation offer, Butler, depleted Heat stun Lakers in Game 3. Readers can also interact with The Globe on Facebook and Twitter . Cineworld Chief Executive Mooky Greidinger told Sky News that the operations might resume in “two months, or a bit longer”. For more news about the novel coronavirus click here. “It seems that there is a vicious circle – with concerns over audience levels, the studios are unwilling to release their strongest content. Studios have chosen to release some of this year’s major planned blockbusters on Netflix or the Disney Plus streaming platform, and have cancelled others until 2021. Your time is valuable. “Cineworld will continue to monitor the situation closely and will communicate any future plans to resume operations in these markets at the appropriate time, when key markets have more concrete guidance on their reopening status and, in turn, studios are able to bring their pipeline of major releases back to the big screen.”. Cineworld’s announcement sent its share price into a dramatic nosedive on Monday as investors headed to the exits. With millions under lockdown from March until June and beyond, consumers have turned to online streaming instead from the likes of US giants Amazon and Netflix. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. People walk past a Cineworld in Leicester's Square, amid the coronavirus disease (COVID-19) outbreak in London, Britain, October 4, 2020. See prices at this cinema: Prices (230.5 KB PDF) London - Leicester Square. “The spread of Covid-19 around the world has been a horror movie for the industry and the fresh wave of infections is the latest instalment in what has been a devastating story for cinema chains.”. Experience the following: More facilities.
Cineworld Leicester Square is a state-of-the-art 9 screen cinema in the centre of London, hosting the latest in cinematic technology including IMAX laser, 4DX and Superscreen. Over the weekend, Britain’s Sunday Times reported that Cineworld wrote to British Prime Minister Boris Johnson, saying that Hollywood studios delaying big-name movie releases – such as the new James Bond film – are making the industry “unviable.” Cineworld will close 536 Regal theatres in the United States and 127 Cineworld and Picturehouse theatres starting this Thursday.
Phone: 0330 333 4444. Discounted car parking for Cineworld customers in Q-Park Leicester Square car park in Whitcomb St. A Cineworld cinema in Leicester Square in central London yesterday Photograph: Justin Tallis/AFP/Getty Images Graeme Wearden . Welcome to The Globe and Mail’s comment community. “This is not a decision we made lightly,” Cineworld CEO Mooky Greidinger added regarding the cinema closures. The news slammed Cineworld’s share price, which tumbled almost 60 percent in early morning London deals. “The spread of COVID-19 around the world has been a horror movie for the industry and the fresh wave of infections is the latest installment in what’s been a devastating story for cinema chains.”, (Graphic: Cineworld lags other cinema operators as coronavirus crisis hits industry - ), Reporting by Muvija M and Yadarisa Shabong in Bengaluru, Sarah Young and Kate Holton in London; Editing by Krishna Chandra Eluri, Patrick Graham and Jan Harvey. Don't miss out on the latest news and information.
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