![]() ![]() Cineplex, as a result, has announced that it will initiate legal proceedings against Cineworld to seek damages for the scuttled deal. ![]() The company also, last week, abandoned its planned purchase of Cineplex, the leading chain in Canada, with 165 cinemas and 1,695 screens, citing 'material adverse effect' to terminate the deal. The chains will rely on advanced ticketing, seating space restrictions and modified concessions as well as increased cleaning as well as customer symptom screening as they reopen and operate in the future.Ĭineworld, like its major global competitor, AMC, is saddled with a rather enormous debt load of $3.5 billion and recently secured hundreds of millions of dollars in additional cash through debt offerings and taking advantage of government relief programs in the countries around the world in which it operates. All 3 chains will open with enhanced sanitization, social distancing and other procedures geared to keep health risks to a minimum. AMC, the world's largest chain, and Cinemark, the 3rd largest chain in the U.S., have also planned reopening for the next several weeks. The chain's management is growing more optimistic with major titles, including Mulan and Tenet set for release and a pipeline of movies throughout the back half of the year looking strong with Bill and Ted Face The Music, A Quiet Place Part II, Wonder Woman 1984, No Time To Die, Top Gun: Maverick and Black Widow.Ĭineworld operates 787 locations and 9,500 screens in 10 countries, so studios desperately need the chain to reopen to ensure movies be available to audiences in theaters. ![]() and Europe starting June 26th in the Czech Republic and Slovakia. Regal Cinemas is set to reopen over the next 30 days, as parent Cineworld reopens its locations across the U.S., U.K. ![]()
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |