Due to lack of releases, Cineworld closes its theaters in the United States and the United Kingdom

A Cineworld cinema in London, October 4, 2020. REUTERS / Henry Nicholls

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These temporary closures, decided by the British cinema chain, will deprive 45,000 employees of their work.

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Nearly 600 American cinemas and nearly 130 British cinemas will have to suspend their activity from this Thursday, October 8.

A suspension which means work stoppage for some 45,000 Cineworld employees in the two countries.

The operator specifies that the markets of American cinemas remain closed, in particular in New York.

In the absence of visibility on the development of the pandemic, the studios prefer to postpone the planned releases.

This is the case with the last installment of James Bond.

The release of the highly anticipated

, (

 in French) has just been postponed for the second time in a row, this time to April 2021.

Fragile financial health

This closing of theaters is another hard blow for Cineworld.

His financial health was already weakened by months of confinement, then by new restrictions.

" 

 " insists the group's management in a letter to British Prime Minister

and Minister of Culture Oliver Dowden.

Cineworld intends to rebalance its results thanks to its cinemas in countries of Eastern Europe, where the restrictions against the coronavirus are less severe than elsewhere.

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