suddenly!Go bankrupt

The world's second largest cinema operator

British "Film World Company"

Will apply for bankruptcy in the next few weeks

Earlier, the company was trying to increase the seat rate of the cinema

At present, "Film World" has more than 700 theaters in more than ten countries around the world, and the total number of employees is about 28,000. Affected by this bankruptcy rumor, the stock price of "Film World" in the London market in the United Kingdom plummeted by more than 81%on the 19th. As of now, the company has not responded to relevant reports.

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 reports, "Cinework" is the world's second largest cinema line. It operates 751 cinemas in 10 countries, including the United States of Retal Cinemas and Picturehouse Cinema in the UK. There are 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.

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.

Source: CCTV-CCTV Finance (CCTVyscj)

Are you watching a movie recently?

Seeing point

- END -