British cinema chain Cineworld announced that is temporarily shutting cinemas in Britain and the United States, as coronavirus pandemic delays major new films like the latest James Bond spy blockbuster.
The company said in a statement that it will suspend its 127 Cineworld and Picturehouse theatres in Britain from Thursday, and 536 Regal theatres in the US.
The news confirmed weekend media speculation over the temporary closures at the group, which employs around 45,000 staff in its two main markets.
“In response to an increasingly challenging theatrical landscape and sustained key market closures due to the COVID-19 pandemic, Cineworld confirms that it will be temporarily suspending operations” in the two countries, it said in a statement.
“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.
“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.
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Source: eNCA
