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If you see activity in the next couple of weeks then all is well. I have not seen activity
since March even though Cine could have opened last month where I live, nothing, nil,
squat, other than the sign being removed.
Doesn't really matter about anything else, Covid is here & we all have to live with it, people
will go to the cinema, without doubt but will it be called Cineworld?
2 brothers from Isreal ( who are quite old ) own @ 29% the rest is owned by corporations who
couldn't give a ***k about sentiment, the old times or being the biggest cinema chain in the world.
People keep quoting Mr Buffet who is nearly 90 by the way, well it 's 2020 times have changed
unfortuantly.
As for the impending lawsuit Cineplex are on there arse look at news from Tuesday this week,
where they say they may not be able to continue.
Really hope I am wrong, but keep hearing a little bit of something is a whole lot better than a
bog load of nothing.
What you talking about Bolox? Why would you “see activity” when there’s nearly 1 month until they open....what do you think they do in there?
The dates changed, there was no activity on the last opening date.
Apart from the sign removal.
Yeah they need to get in and warm up the popcorn machine, lol
On the last opening date?....you mean the one still 6 days away........
@Wiseabout haha!! I’ll still somehow get a cold batch I’m afraid :(
Haha. Taste testing the slushes. Bolox, it’s in the name I’m afraid
The Cineworld signage was done to stop vandalism and unlawful removal due the long term closure.
However, as we approach the newly set opening times, the distinctive Cineworld signage will be re-installed
as it will be from 31st of July. Time flies and soon will be business as usual for Cineworld albeit at the reduced rate until
its safer to back to full seating capacity. Have a nice evening everyone
Perhaps you are both correct.
A multinational corporation with nearly 8000 employees.
Could open in a juristiction free of any Covid, but chooses not to because
of the studios delaying new films. Odeon is open, old stuff but nontheless
acttracting cash paying customers.
Again hope I am wrong.
Odeon, currently, only has 10 locations open.
So you have checked?
10 is better than 0
10 is only better if i'm making money...
I can sell you a £10 toaster for a £5, but if i pay £6 to buy it I'd be better off sitting on my hands.
Below, you genuinly haven't got a clue have you? Only reason Odeon are open is because they opened ticket sales before Tenet and Mulan were delayed so decided to honour that instead of cancelling. And there doesn't need to be any activity at a site until maximum of a week before to get them ready to open, probably even less than that to be honest.
Vue and Cine have delayed, Odeon is a staged reopen, so let's see the figures coming into Odeon and it could give us an indication of what to expect. Acknowledging they're not showing new films.
If sentiment is good for Odeon then it should transpose across all brands....hopefully.
Thank you for saving me the trouble of having to break it down for the chap! (Or chappette)
Cineworld will be making sure all their cinemas are up to scratch on social distancing and Coronavirus safety measures, such as screens at the counters. They might open a handful of cinemas before July 31st as test cases to opening open the whole chain.
They will not be going bankrupt, like a lot of big high street stores. They have probably paid zero rent over the last few months to Intu and other landlords. They have good cash reserves now due to their borrowing and debt restructuring. Enough to see them through till 2021, even if they do not open any cinemas. Come Christmas, the champagne corks will be flying and the ones celebrating will be the fund managers who will plow money into Cineworld as soon as they open up and cash flow returns to the sector.
The entire cinema workforce is likely to be furloughed, cine will be smart enough to keep them there to save costs until very close to reopen. Apart from screens around tills, hand cleaning stations, staff training and signage, very little will need to be done to make them covid secure until earliest a week before IMO.
Who cares that the sign has been removed from your local Cineworld. I put my washing line away when I'm not using it.
Could be having a revamp, so the lights are bright and ready for 31 Jul.
I still live the fact the news (bad) is snook out after close in a Friday. There was me thinking the Canadians were decent A
Joking Canada - we all know it's not a real country....haha...
I reckon 2 days to fully open a cinema from a standing start.
I just saw Mooky & Israel in Homebase - Perspex sheets, wood, new drill bits, the lot. And they paid cash. This leads me to believe that everythings in hand and cash flow is adequate to ride the pandemic until things normalise. Cheers.
Thanks for letting us know about what you saw in homebase putmeonlist, I'm now gonna put my life savings on cine on mon as I now feel confident in the business especially as I'm sure they have good diy skills
Cheers lol, mine are already in.
Haha nice one put. They must have plenty of cash if they are in homebase, expensive.
Yeah the MMs could drop it first thing to flush out some more sellers then back to early 60s. Let’s see the ftse and Dow are doing