5,500 jobs at risk
007 delay forces Cineworld to shut all UK cinemas
James Bond’s next outing has been delayed again
Cineworld is expected to close all its cinemas as it concedes that the industry has become “unviable” because of the pandemic restrictions.
The company plans to shut all of its 128 UK and Ireland outlets, putting 5,500 jobs at risk, reports The Sunday Times.
It will write to the Prime Minister Boris Johnson and Culture Secretary Oliver Dowden to tell them the sector has been hit by the delays of big-budget films, such as the next James Bond movie.
The premiere of the 007 film No Time To Die has been postponed twice and is now due for release in April 2021.
Cinemas were closed in March when the UK went into a national lockdown, but reopened in England on 4 July.
Cinemas will shut after struggling
There was some signs of a return of cinemagoers following the release of Christopher Nolan’s action-thriller Tenet last month.
However, the industry has struggled and Cineworld announced half-year losses of $1.6bn (£1.3bn).
Cineworld is hoping to reopen next year when it can re-employ staff that are being laid off.