Following the closure of all their cinemas due to the coronavirus pandemic, the Cineworld Group has begun laying off staff. The group declined to reveal the number of staff fired. A company spokesperson told The Telegraph newspaper, “We are not firing all staff.” In a statement shared with Variety, Cineworld said: “Like other businesses in [...]How U.K.
As studios and distributors continue to pull the theatrical releases of their films, and cinemas nationwide close their doors to the public, what becomes of film criticism in the time of coronavirus? Like many of the U.K.’s film and TV workers, most critics work on a freelance basis and with most major theater chains shuttered [...]The global coronavirus pandemic has claimed its latest victim. The launch of Mouse House streamer Disney Plus in India has been indefinitely delayed.
South African producers are demanding an “urgent all-industry response” to the threat posed by coronavirus, with a leading industry body calling for a coordinated plan from broadcasters and government agencies to address the potential economic fallout of the global pandemic on the local film and TV biz. The Independent Producers Organization sounded the alarm [...
While of course noone could have predicted Coronavirus, Cineworld put themselves into a dangerous position overstretching themselves over the last two years acquiring Regal ($3.4bn) and Cineplex ($2.1bn) as US and Canada has had little growth instead of expanding internationally?
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Source: CNBC - 🏆 12. / 72 Read more »