Cineworld cinemas set to close down AGAIN as James Bond movie No Time To Die delayed to 2021 | Films | Entertainment

Back in March, cinemas nationwide from Cineworld and Odeon to Vue and independents, closed because the nation went into lockdown. However, in the course of the summer season, they partially reopened as Christopher Nolan’s Tenet opened in late August. But now because the pandemic continues on, Hollywood blockbusters set for autumn launch have been postponed to 2021 or, on the very least, Christmas.

It was solely new James Bond film No Time To Die that made protecting cinemas open earlier than Christmas worthwhile with its November 12 launch.

However, on Friday, 007 producers introduced the movie can be delayed for a fourth time to 2021.

The official James Bond twitter feed learn: “MGM, Universal and Bond producers, Michael G. Wilson and Barbara Broccoli, as we speak introduced the discharge of NO TIME TO DIE, the 25th movie within the James Bond collection, shall be delayed till 2 April 2021 with a view to be seen by a worldwide theatrical viewers.

“We perceive the delay shall be disappointing to our followers however we now stay up for sharing NO TIME TO DIE subsequent 12 months.”

READ MORE: James Bond No Time To Die release date CANCELLED: Daniel Craig 007

Now The Sunday Times is reporting that Cineworld cinemas chain is about to close down once more following No Time To Die’s delay.

Cineworld has 128 film theatres within the UK and Ireland, with 5,500 jobs now in danger.

The cinema large is writing to Boris Johnson and tradition secretary Oliver Dowden this weekend, stating that the exhibition trade has turn into “unviable” since Hollywood studios have postponed such huge blockbusters.

Cineworld is predicted to announce its closure as early as tomorrow, with nearly all of workers being requested to simply accept redundancy.

AMC Entertainment has been downgraded by debt ranking company S&P Global. According to The Hollywood Reporter, the world’s largest cinema chain has solely six months of money remaining. AMC should increase its capital or see attendance enhance as the corporate struggles by means of the coronavirus pandemic.

The company mentioned: “Given our expectations for a high rate of cash burn, we believe the company will run out of liquidity within the next six months unless it is able to raise additional capital, which we view as unlikely, or attendance levels materially improve.”

AMC within the US and Odeon within the UK shut down their cinemas again in March earlier than some places started to reopen in the summertime.

However, low attendance and a scarcity of blockbuster motion pictures to display screen have made enterprise gradual for film theatres.

In a brand new report, S&P Global argued that AMC “continues to struggle operationally and financially because U.S. attendance remains weak after reopening, additional major theatrical releases are delayed and its cash burn might accelerate now that its theatres are open.”

The debt rankings company identified that smaller capability at cinemas and audiences selecting streaming over risking going out was prone to proceed into 2021.

S&P Global added: “The negative outlook reflects our view that a default, distressed exchange, or redemption appears to be inevitable within six months, absent unanticipated significantly favourable changes in the issuer’s circumstances.” have contacted AMC for remark.

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