Skip to main content Main navigation. The announcement also comes as the upcoming James Bond film has been delayed to 2021. Lockdowns forced studios to delay the release of several blockbuster films, which serve as a vital resource for theaters to draw foot traffic. The company said it is now “assessing their liquidity options” to prevent it from going out of business. The closures will affect the jobs of roughly 45,000 employees, though it is not clear if they will be given new positions or let go entirely. Cineworld press releases. Here’s How I Did. Each Of Us Can Make A Global Social Impact. People walk past a cineworld cinema in Leicester Square, London Photo: AFP / JUSTIN TALLIS, People walk past a cineworld cinema in Leicester Square, London, AMC Theaters Boasts About Floors ‘You Can Eat Off’, AMC Will Have 70% Of Its Movie Theaters Reopened This Weekend, Most Markets Rise On Stimulus Hope, Easing Uncertainty, Pompeo Slams China's 'Malign Activity' As He Meets Asian Allies, Bitcoin Bull John McAfee Arrested In Spain, Marketing vs. Delays and lockdowns, in turn, hit theater chains hard as they are reliant on revenue from concession sales and chain-specific programs. Cineworld press releases. Cineworld, in particular, reported a loss of $1.6 billion for the first half of 2020. As of Monday, the U.S. has over 7.44 million confirmed cases and over 210,000 reported deaths from coronavirus. A handful of films did release in theaters amid the pandemic, the biggest being Christopher Nolan’s “Tenet” which released in the U.K. in August and in the U.S. in September. Cineworld and Cinemark Announce Agreement to Purchase Remaining Units of National CineMedia Held by AMC “This is not a decision we made lightly, and 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 theaters and working constructively with regulators and industry bodies to restore public confidence in our industry,” Cineworld CEO Mooky Greidinger said in the press release. The U.K. has over 503,000 confirmed cases and 42,350 reported deaths from the pandemic. The Aberdeen railway station is in the same building as the cinema. The cinema chain is drawing up plans to close all … Cineworld said in a press release 536 of its Regal theaters in the U.S. and another 127 Cineworld and Picturehouse theaters in the U.K. would be closing. If you come via a Stage Coach bus stop at Aberdeen bus station in union square where the cinema is - If you come via a First bus stop at Union Street and walk down market street or bridge street onto guild street to get to the cinema Cineworld said in a press release 536 of its Regal theaters in the U.S. and another 127 Cineworld and Picturehouse theaters in the U.K. would be closing. If you want to get in contact with us, and you are an Unlimited customer, please use the Unlimited direct line. By train. How to get to Aberdeen - Union Square Public transport . Some of the films originally scheduled to release in 2020 include Marvel Studios’ “Black Widow,” “F9,” “Ghostbusters: Afterlife,” “The King’s Man,” “Top Gun: Maverick,” and “No Time to Die.” Other films, including Disney’s “Mulan” and “Bill and Ted Face the Music,” decided to release digitally on streaming platforms like Disney+ and Amazon Prime. By bus. Theater chains were among the hardest hit by the coronavirus pandemic once it spread to Europe and the U.S. and forced lockdowns to be instituted to prevent the virus’ spread. The lack of other blockbusters and tent-pole films meant “Tenet” had more screens to play on, but it still failed to make a notable financial impact. Cineworld Group said Monday it would be closing over 650 theaters between the U.S. and United Kingdom, due in large part to the coronavirus pandemic. CINEWORLD staff are furious and devastated after finding out they may face job losses over Twitter. It’s the latest example of how hard the film industry, especially traditional cinema chains, is being hit by the global pandemic. She hasn't been told what will happen to … It grossed over $307 million at the worldwide box office, but estimates said it needed to make between $450-500 million to break even. Unlimited team: 0330 333 4444 Monday - Friday 09:00 - 17:00. Meaning: The Battle for the Future of Capitalism – and America. Working at Cineworld "sometimes just doesn't feel like work," says an employee who's just heard the cinema chain is temporarily shutting down. No timetable was given as to when Cineworld hoped it could reopen their remaining theaters. About us Click here to open Key facts About us Click here to open. Roughly 45,000 Cineworld employees will be affected by the closures of the company's Regal, Cineworld, and Picturehouse theaters, Cineworld reported a loss of $1.6 billion for the first half of 2020 and is now assessing its liquidity options, Most blockbuster films, which help drive foot traffic to cinemas, were delayed out of 2020 due to the COVID-19 pandemic. “It seems that Cineworld is hunkering down and they are holding onto their current liquidity position, with the view to probably having a reduced service when they re-open,” CMC Markets analyst David Madden told the Associated Press.

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