The upper seat rate continues to be sluggish, and the world's second major lock theater is ready to apply for bankruptcy

Jimu Journalist Li Lili Hu Xiuwen

According to the Wall Street Journal reported on August 19, according to people familiar with the matter, the world's second major chain theater and the British "Film World Company" are preparing to apply for bankruptcy within a few weeks. Earlier, the company was trying to increase the attendance rate of the cinema.

Cinema (picture source: Wall Street Journal)

People familiar with the matter revealed that the film company headquartered in London has hired lawyers and consultants to provide suggestions for bankruptcy procedures.

According to "Timeout", "Cinework" is the world's second largest cinema line. It operates 751 cinemas in 10 countries, including the US Emperor Cinemas and Picturehouse Cinema in the United Kingdom, with more than 28,000 employees.

The new crown epidemic and no large -scale release in the next few months have led to a sharp decline in the box office. After the company's debt of 4 billion pounds at the end of the fiscal year, 102 British cinemas faced the bankruptcy crisis. Because the theater recovery speed is not fast enough, the chain theater cannot pay off the debt.

On the 17th, the stock price of the "Film World" company fell as high as 61%. According to CCTV reports, affected by rumors of bankruptcy, the stock price of "Film World" in the London market in the United Kingdom plunged more than 81%on the 19th. The company has not responded to relevant reports.

As early as the peak of the epidemic in 2020, the "movie world" almost announced bankruptcy, and many of its global venues were closed at that time.

By the end of this year, the box office of the movie will be reduced, because several major blockbusters such as "Neptune 2" and "Flash" are postponed until 2023, and "Black Panther: Forever Wakanda" and "Avatar: Water Road" and other others. There are popular films that are guaranteed to be released until the last two months of 2022.

Seeing the news of the theater to go bankrupt, many film enthusiasts have expressed their concerns about the local cinema that may be closed permanently in social media.

A fans wrote in social media: "Well, this news about the" movie world "is not good. I hope my local 'movie world' will not go down." Some people say that the cinema can continue to open business and can be able to continue business, and they can continue to open, and they can continue to open business. Let those who work for the chain theater to keep the rice bowl. Other customers are worried that they will lose CINEWORLD Unlimited member qualifications, which allows people to pay for any number of movies on a monthly payment.

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