The UK’s largest cinema chains announced the closure of more than 150 locations, exposing the number of victims of the coronavirus pandemic.
On a devastating day for the industry, Cineworld showed its goal of closing its 127 sites across the UK, affecting up to 5,500 employees.
Some 45,000 workers will be affected because the film giant makes mothballs in its six hundred rooms on both sides of the Atlantic.
Quick closures occur after the last James Bond film, No Time to Die, was delayed due to closure.
A few hours later, Odeon announced that starting Friday, approximately a quarter of its cinemas will be moved to an exclusive weekend model.
Meanwhile, Vue’s boss said he was ‘forced to look at all options’ to survive, adding transitority closures, adding that the channels had suffered a ‘hard blow’ from the delay of Bond’s most recent release.
The head of Cineworld said the company would have been “like a grocery store” after film studios delayed several primary releases.
The channel will close 127 Cineworld and Picturehouse sites in the UK on Thursday, in a 57% drop in stock as markets open in London.
Boris Johnson claimed there would be “difficult times” in the labor market after the announcement, but encouraged others to move to the movies.
Cineworld demonstrated today that it is the transient closure of its British cinemas, as well as its American cinemas, but that “no final resolution has yet been made. “
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Edited through Associated Newspapers Ltd
Part of the Daily Mail, The Mail on Sunday and Metro Media Group