- Share this article on Facebook
- Share this article on Twitter
- Share this article on Email
- Show additional share options
- Share this article on Print
- Share this article on Comment
- Share this article on Whatsapp
- Share this article on Linkedin
- Share this article on Reddit
- Share this article on Pinit
- Share this article on Tumblr
U.K.-based cinema chain Vue is set to close a quarter of its sites during the week, joining rival British exhibition giants Cineworld and Odeon, which have both announced shutterings in response to the decision by studios to delay major film releases.
The chain — led by CEO Tim Richards — is to close 21 out of its 87 sites from Tuesday through Thursday, it revealed on Monday, saying that the move was to “ensure that our business is financially well-placed to withstand the uncertainty ahead.” The closures will start next week.
“Our belief in the future of this industry is unshaken,” Vue — which reopened all its cinemas across U.K. and Europe over the summer — said in a statement. “We came into this pandemic in a very strong position after a record 2019 and a record start to 2020, and we are looking forward to returning to full steam as soon as Hollywood studios start releasing the content which audiences are clamoring for.”
Last week, Cineworld — the world’s second-biggest chain behind AMC — sparked headlines and industry fears after it temporarily closed all of its Cineworld and Picturehouse cinemas in the U.K., and Regal cinemas in the U.S. Odeon later announced that it would be closing a quarter of its U.K. sites during the week.
The decisions came off the back of James Bond title No Time to Die being pushed back to April 2021. But this was quickly followed with the news that Black Widow and Dune would also moved to next year, while Pixar’s Soul has since been taken off the theatrical calendar altogether and will now premiere on Disney+.
Sign up for THR news straight to your inbox every day