ThatFragranceGuy
Well-known member
Not entirely unexpected with bond delayed, Covid resurfacing and steaming platforms releasing movies. Big hitters like dune expected to be delayed too
It seems permenant to me!I take it that's just temporary and not them folding...
It’s temporary until next year they say, jobs at risk because probably cheaper to pay redundancy than pay wages for a few months
Yes just listened to discussion on Radio 5 Live - it is mothballing with staff asked to reapply when they can open viably again.So their landlords will still get their rent I presume if they arent winding up the Company. So its suggesting they are mothballing?
It’s temporary until next year they say, jobs at risk because probably cheaper to pay redundancy than pay wages for a few months
Hopefully they keep some talent pool going so those that lose their jobs will be the first ones offered employment when it becomes viable again.
People say the future is streaming but it’s not, seeing Disney charge £20 on top of a Disney+ subscription to watch Mulan tells me it’s not when I pay £20 a month for unlimited cinema. Plus once a film is online you can usually find a free stream within days anyway so the industry will lose revenue. I still enjoy the cinema experience and want my boy to be able to enjoy that, spent more than enough time sitting at home this year.
People said the same about streaming when Netflix launched and now between prime, Netflix and Disney it’s hard to argue otherwise. Film will go the same route. Think there will always be cinemas but don’t think it’s something that will go back to how it used to be. Can’t even remember the last time I was in a full cinema apart from star wars and dark knight midnight launches and if I could have streamed then at home in 4K and atmos and not be surrounded by people that don’t shower and rustle crisp packets every ten seconds I probably would have
I had already realised my mistake with my subsequent post. So apologies to Muttley for causing his consternation and for not deleting the word permenantEh?
First line of the story in your link "Global cinema giant Cineworld is set to temporarily close its UK sites in the coming weeks, it has been reported."
(my underlining and bold)
And of course not many have the luxury of a big cinema sound system at home. I could afford one but I’d miss the cinema too much. I spend far too much time indoors as it is!
neither do most people, but most people’s tvs are getting bigger and not everyone cares about that. many will be happy to watch in a laptop. Look at Mulan. It was expensive but it made Disney $35m in its opening weekend on Disney+, which was entirely net as no distributors to pay out or licensing to consider. Small fry in terms of what they would have expected initially but that’s a strong start for something that will make residuals for a long time.
Same as sports imo, many will prefer match day experience as you can’t beat it but if you let people stream every game attendances will go down because people are happy to pay less to just watch it from home with their mates or even down the pub. Will be same with cinema, there is romantic attachment to it from nostalgia but give the population as a whole the option of watching from home and saving money and they will.
there will still be cinemas but probably more screens with smaller capacity and playing older films and bug releases. Covid not going to vanish in reality and they rely on getting people through the door, can’t see how they’re going to do it.
And rentTheyll still pay business rates, compliance cost(expensive) security and test logs. Then re employ people again with retraining costs. Mothballing isnt cheap.