Looking to understand Mooky, here you go1 Aug 2020 14:07
https://www.hollywoodreporter.com/news/as-virtual-cannes-market-kicks-regal-cinemas-ceo-mooky-greidinger-discusses-reopening-theaters-1299370
Very forward looking Man and taking bold decisions.
Impressed with responses of these two particular questions as below.
When the crisis started, there were reports that Cineworld might not be able to survive a prolonged period of closure. As a business, are you out of the woods?
I don't think we were in the woods. You know, it's not so nice to say to people that are interviewing you from the media, but I guess you should not always believe what you read or hear in the media. Of course, it's not been an easy time. It’s very complicated to have such a huge operation that really shuts down, with zero income. But we're in a good way. And we're getting out of this now. And if we need credit we can get it. Cineworld is in a good shape.
Finally, once the pandemic is behind us and we’re looking to the future, there’s been a lot of talk about the long-term impact of the crisis on the exhibition industry. Do you think it will return to how it was before March, or will there be some fundamental changes?
The pandemic is touching the health of the public. It is not a direct attack on the cinema business or any other business. I'm sure that once the lockdown will be over and there will hopefully be a vaccination, or whatever it will be, we will go back to normal. I'm not saying that everything will go back to the same place it was before, but I'm confident that the best way to watch a movie will be in the cinema.
Our company has just celebrated its 90th anniversary — it’s been 90 years since my grandfather opened his first cinema in Israel. In those 90 years, I think the threats to this industry were enormous. Everybody said it would not pass a big financial crisis, it will would not survive war, it would die when TV arrives, VOD, cable, whatever. Everybody, all the time, was saying cinemas were not going to survive. And the clear answer is that cinema has survived. And I'm confident if we, as long as we give the quality that we need to give to our customers, people will continue to go to the movies and will continue to meet people there. This is a big social event. Everybody knows that there is a huge difference between watching the movie in the cinema and watching the movie at home.
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