This is a space where subscribers can engage with each other and Globe staff. People walk past a Cineworld cinema in Leicester Square in London on Oct. 4, 2020. Please log in to listen to this story. Cineworld's statement follows a grim evaluation by ratings agency S&P on Friday of rival AMC Entertainment AMC.N, owner of the Odeon chain, which said the U.S.-based group may run out of liquidity in six months unless it can raise more capital.
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. 5-6 Leicester Square London WC2H 7NA. 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. last week announcing plans to lay off roughly 28,000 employees, mostly at its U.S. theme parks. Thank you for your patience. By 0915 GMT, they were 30% lower, taking their loss this year to more than 90%. “The only major release post the peak of COVID, the highly anticipated Tenet, has delivered a disappointing performance,” Citi analyst Natasha Brilliant wrote in a research note on Monday. “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. The entertainment industry has been among the heaviest hit by social distancing and other restrictions, with Walt Disney DIS.N last week announcing plans to lay off roughly 28,000 employees, mostly at its U.S. theme parks. Check on Google Maps . Don't miss out on the latest news and information. Welcome to The Globe and Mail’s comment community. Cineworld is set to close its 128 UK sites in the coming weeks. The letter followed a decision by Quebec Premier François Legault to close cinemas, museums, bars and libraries in “red-alert” areas including Montreal and Quebec City for 28 days. Cineworld Chief Executive Mooky Greidinger told Sky News that the operations might resume in “two months, or a bit longer”. 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Discounted car parking for Cineworld customers in Q-Park Leicester Square car park in Whitcomb St. 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. This is a nine screen Cineworld, formerly The Empire, Leicester Square, with one IMAX screen and another that claims to be the widest screen in the UK. “As major US markets, mainly New York, remained closed and without guidance on reopening timing, studios have been reluctant to release their pipeline of new films. People walk past a Cineworld in Leicester's Square, amid the coronavirus disease (COVID-19) outbreak in London, Britain, October 4, 2020. (Photo by JUSTIN TALLIS / AFP). Also available in French and Mandarin. 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. (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. Cineworld, the world’s second-biggest cinema chain, will … 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. The decision was a blow to theatre owners in need of blockbuster releases to draw audiences back to the big screen. Last week, the Movie Theatre Association of Canada (MTAC) sent an “urgent request” to Ontario Premier Doug Ford to keep theatres in the province open.
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