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From CinemaCon on Friday...
https://www.scifinow.co.uk/cinema/sdcc-2020-new-mutants-release-date-confirmed-fingers-crossed/
7th September is Labor Day in the US and traditionally a big weekend for movies. Could be perfect timing if doing a staggered release, UK sometime late August then the US would definitely work.
With Tenet moving ill be very surprised if Cineworld opening isn't pushed back again. We'll know by end of the week. Both in terms of a potential new opening and Tenet release date. I have heard discussions are underway to release in the UK and other territories a couple weeks ahead of the US, Nolan isn't keen but WB are pushing it. End of August here with 7th September (Labor Day) in the US. Booking wise, tickets would go on sale Monday afternoon ready for the Friday normally so the fact tickets aren't on sale yet means nothing.
About 1 week before assuming all goes OK.
Remember, Cineworld have made it quite clear they've the funds to last as is until the end of the year. The court case will likely either be settled beforehand or drag on well after this. So your only decision is will cinemas be open before the end of the year. If you think yes (as I do) hold and see profits at the end of the storm. If not, sell now before you lose money early 2021.
All your choice. Me, I'm holding, worst case will be another month delay because of the US and film releases, won't be much longer as government support ends October so there will be pressure from UKCA and in the US, Trump will need things sorted for election time.
Probably thousands of retail just waking up to the news and getting out as worried. RNS news is only just getting steam on twitter and such and there would be a large amount of people not as confident in CW's counter.
Jay,
While it may not use the eloquent term "shaft us" the purpose of a contract is to protect both parties from situations. CW are not going to say, "yeah, you've breached this contract but let's sit down and see what we can do" and in the letter of the law they don't have to, why? Because that is why a contract is in place in the first place.
Have you really just made a comparison between buying a car and a $2 billion plus takeover? Deary me.
Jay,
This isn't a grievance in a work place. It's a breach of contractual covenants. CW don't need to give them a chance to rectify, they can just use them to pull out of the deal. That's why a contract is in place. A judge will just care about 2 things, what does the contract say, has it been breached. Won't give 2 hoots about if Cineworld gave them a chance because that's not the law.
A large armoured vehicle that runs on tracks and is fitted with at least one gun for the purpose of war?
Bolox, you can do it in very little time if there's been a few people going round sites checking security and other important things I'd imagine. Less than a week easy I'd say. Trust me, I know know this to be fact. Now please, stop talking rubbish.
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.
Exactly Crumpets, you don't get to be the second biggest cinema chain in the world without knowing how to deal with contracts and deals.
Anyone would think he's a smart enough businessman to of grown a small chain into the second biggest in the world. Still there's people on here that think they know better.
Akorn,
At the moment, Cineworld are not paying a lot of rent and not paying a lot of staff. The moment you open the doors that stops. No classics are gonna bring in enough people to make up the figures for 4 weeks before a bigger film opens. Plus the US needs to be clearer and they've enough funds to stay shut and not have it cause an issue. Makes perfect sense.
these prices are... load up.
August is still summer....
I got in at 19p.... ;)
Future tense?
That CEO Mooky is quite the businessman. 360 million of finding plus waiving of debt covenants until December at which point it'll be 9x.