But in this gloom, there are glimmers of light. The closure of UK & US cinema chains will also have a continued and sustained impact on the release calendar. Now more than ever, cinemas of all shapes and sizes are facing commercial challenges like never before. With one of the UK’s biggest cinema chains shutting down, we spoke to a number of UK independent distributors and venue owners for their reactions, thoughts, concerns and predictions about what the next few months holds for the exhibition sector. ”We are especially grateful for and proud of the hard work our employees put in to adapt our theatres to the new protocols and cannot underscore enough how difficult this decision was, Cineworld will continue to monitor the situation closely and will communicate any future plans to resume operations in these markets at the appropriate time, when key markets have more concrete guidance on their reopening status and, in turn, studios are able to bring their pipeline of major releases back to the big screen.” Unprecedented times Mooky Greidinger, CEO of Cineworld, commented: “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 theatres and working constructively with regulators and industry bodies to restore public confidence in our industry. The move will impact approximately 45,000 employees, according to the chain. The exhibitor confirmed the move in a statement that the closure of the UK sites will include the boutique Picturehouse chain, which Cineworld owns. With the delay on the James Bond film No Time To Die from November 2020 to April 2021, Cineworld has confirmed that its 127 sites in the UK and 536 Regal cinemas in the US are “temporarily suspending operations”. With the closure of Cineworld’s 127 sites and Odeon scaling back its operations in the UK, The Bigger Picture speaks to independent venues and distributors to discuss the impact on the UK exhibition sector.
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