Cineworld Group plc filing for bankruptcy
Discussion
"The Wall Street Journal reports that the Cineworld Group - the second largest cinema business in the world - is preparing to file for bankruptcy "
https://twitter.com/SkyNewsBreak/status/1560602430...
Cineworld Group plc is a British entertainment conglomerate based in London, England. It is the world's second-largest cinema chain, with 9,518 screens across 790 sites in 10 countries: Bulgaria, Czech Republic, Hungary, Ireland, Israel, Poland, Romania, Slovakia, the United Kingdom and the United States
https://twitter.com/SkyNewsBreak/status/1560602430...
Cineworld Group plc is a British entertainment conglomerate based in London, England. It is the world's second-largest cinema chain, with 9,518 screens across 790 sites in 10 countries: Bulgaria, Czech Republic, Hungary, Ireland, Israel, Poland, Romania, Slovakia, the United Kingdom and the United States
I think it is mainly down to the fact there just aren't any films worth watching at the moment. The only film we have seen at the cinema since Covid began is Top Gun 2 and that was a film that was made pre Covid.
Other than that there has not been a single thing that I have wanted to see. I actually looked into us going to the cinema this Saturday, but looking through the films I think we will just do something else instead.
Other than that there has not been a single thing that I have wanted to see. I actually looked into us going to the cinema this Saturday, but looking through the films I think we will just do something else instead.
^^ To be honest we go to the cinema pretty often but we try to avoid the big chains as much as possible for the reasons above.
Thankfully a Curzon opened up a few years back and the experience is so much better. Decent seats that recline, good legroom, smaller screen capacity and a decent bar. Yes, it cost about £2-£3 more per ticket but it’s a price worth paying to avoid the above.
Everyman cinemas are also very good and have all the big movies as well as showing a range of indie stuff that you simply wouldn’t see in an Odeon or similar.
Thankfully a Curzon opened up a few years back and the experience is so much better. Decent seats that recline, good legroom, smaller screen capacity and a decent bar. Yes, it cost about £2-£3 more per ticket but it’s a price worth paying to avoid the above.
Everyman cinemas are also very good and have all the big movies as well as showing a range of indie stuff that you simply wouldn’t see in an Odeon or similar.
Could be wrong but I think its the usual load up the debt draw down the dividends
They were banking on a few blockbusters post Covid that I guess never brought in enough.
Agree with above generally a not very pleasant experience. Although I believe for a long time the true source of income has been the food and drinks not the tickets themselves
Wonder if a prepackaged insolvency buy out is on the cards
They were banking on a few blockbusters post Covid that I guess never brought in enough.
Agree with above generally a not very pleasant experience. Although I believe for a long time the true source of income has been the food and drinks not the tickets themselves
Wonder if a prepackaged insolvency buy out is on the cards
menousername said:
Could be wrong but I think its the usual load up the debt draw down the dividends
They were banking on a few blockbusters post Covid that I guess never brought in enough.
Agree with above generally a not very pleasant experience. Although I believe for a long time the true source of income has been the food and drinks not the tickets themselves
Wonder if a prepackaged insolvency buy out is on the cards
This.They were banking on a few blockbusters post Covid that I guess never brought in enough.
Agree with above generally a not very pleasant experience. Although I believe for a long time the true source of income has been the food and drinks not the tickets themselves
Wonder if a prepackaged insolvency buy out is on the cards
They were refitting cinemas in lockdown...
At home I have a 65" screen, a comfy chair, whatever snacks/drinks I want, I can stop the movie when I want them (or a pee), the sound isn't too loud, I can have the subtitles on because of sh!tty modern mixing (and my old ears), I can watch whatever movie I want, at a time of my choosing, I can skip the (increasing common) dull bits, I can wind back to rewatch bits I didn't understand, there's no-one talking/eating/having sex/playing with their phone (IoW doing anything other than watching the movie), I don't have to drive (so I can have a drink) or pay to park.
Why the f
k would I go to a cinema?
Cineworld gambled that the customers would come back after COVID. They lost.
Why the f
k would I go to a cinema?Cineworld gambled that the customers would come back after COVID. They lost.
I’m not sure they gambled - there’s just nothing to watch. I wanted to go to the cinema (Cineworld ironically) last night and ended up just watching Top Gun again. As for the price - the ticket was £5.99 and I took my own drinks in (they don’t serve beers) but did pay £5.50 for the popcorn, by choice.
Zumbruk said:
At home I have a 65" screen, a comfy chair, whatever snacks/drinks I want, I can stop the movie when I want them (or a pee), the sound isn't too loud, I can have the subtitles on because of sh!tty modern mixing (and my old ears), I can watch whatever movie I want, at a time of my choosing, I can skip the (increasing common) dull bits, I can wind back to rewatch bits I didn't understand, there's no-one talking/eating/having sex/playing with their phone (IoW doing anything other than watching the movie), I don't have to drive (so I can have a drink) or pay to park.
Why the fk would I go to a cinema?
Cineworld gambled that the customers would come back after COVID. They lost.
Prior to the pandemic cinema attendance was increasing. Why the f
k would I go to a cinema?Cineworld gambled that the customers would come back after COVID. They lost.
I’ve probably been to 6 or 7 films in the cinema this year, though haven’t been for the last few weeks as there isn’t much out.
Petrus1983 said:
I’m not sure they gambled - there’s just nothing to watch. I wanted to go to the cinema (Cineworld ironically) last night and ended up just watching Top Gun again. As for the price - the ticket was £5.99 and I took my own drinks in (they don’t serve beers) but did pay £5.50 for the popcorn, by choice.
I can't remember the last time I went to the cinema; however, I like to think I keep my ears to the ground generally.Other than Top Gun and the last James Bond, I can't think of a single movie that has been hotly anticipated by the masses.
I haven't been to the cinema in 20 years. Just had a quick look at our small local cinema, and it's wall to wall uninspiring dross - derivative "action" movies and kids cartoons. The only two films I'd have the slightest interest in seeing are re-showings of Star Trek - The Motion Picture & Wrath of Khan. But I have them on DVD anyway.
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