The paper added that the ‘majority’ of Cineworld’s staff would be asked to take redundancy but there could be incentives to rejoin the company when its site reopen, which could be next year. But August 26 marked the cinematic release of the first new blockbuster film since the Covid-19 lockdown, Christopher Nolan’s Tenet. If that were to be the case, cinemas would be forced to mainly continue replaying older titles due to the lack of new films being released. Cineworld Action Group, a group of employees supported by entertainment union Bectu, tweeted there was “no consultation with staff”. Registered office: 1 London Bridge Street, SE1 9GF. Cineworld, which has 128 theatres in the UK and Ireland, is this weekend writing to Boris Johnson and the culture secretary, Oliver Dowden, to say that the industry has become “unviable” because of the decision by film studios to postpone big-budget releases. Screens were a lot emptier when we went to visit (Photo: Joseph Reaidi). Since the reopening of some indoor cinemas from July 31, cinemas had to screen many classic titles or other productions which were simultaneously released on streaming services like HBO Max. The majority of Cineworld’s staff will be asked to accept redundancy, with possible incentives to rejoin. We have Special Teams for Politics, Finance, Education, Science, Tech and for many other domains, for providing you News in them. We have noticed that there is an issue with your subscription billing details. News AKMI is one of the Leading News Website in US, We are always happy to provide you Latest Updates of the US and World. The move to shut cinemas will mean staff will be asked to accept redundancy and cinemas could stay closed until 2021. The move puts up to 5,500 jobs at risk across the UK, as its 128 theatres could shut after becoming “unviable” to stay open due to the delay of a major James Bond blockbuster release ‘No Time To Die’. As the UK’s largest cinema chain, Cineworld owns 128 sites across the UK and Ireland, employing 5,500 staff members who may be asked to accept redundancy, with a … The front page of tomorrow’s Times is announcing that Cineworld is planning to close all of its cinemas across the country as soon as this week putting all of our jobs at immediate risk. Tap ‘Menu’ and then ‘Times Radio’ to listen to the latest well-informed debate, expert analysis and breaking news. Many big productions that were due to release during the pandemic were delayed, while other anticipated flicks such as Disney’s Mulan streamed exclusively on Disney+ for a fee. The BBC reported workers in Cineworld have been asked to take a temporary redundancy, with a view to taking back their jobs once the chain reopens its cinemas. (Bloomberg) -- Cineworld is drawing up plans to indefinitely close all of its sites in the U.K. and U.S., reports on Sunday said, citing people familiar with the discussions. There has been no consultation with staff whatsoever. Education News || Politics News || Journal News || Daily Local News || Lifetime Fitness || Sports News || Automotive News Source. U.K. theater chain Cineworld Group has decided not to go ahead with the planned redundancies first announced last week after all their sites, including Picturehouse screens, shuttered due to … Reports from The Times says that Cineworld will write to Boris Johnson and culture secretary and Hertsmere MP Oliver Dowden, to say that the film delay is putting the cinema operator at financial risk. The move puts up to 5,500 jobs at risk. But it was announced the film was moved from its November 12 slot to April next year. The newspaper reports that Cineworld will look to reopen next year in line with the big film releases, which could mean many employees will be offered redundancy with incentives to … pic.twitter.com/16fKxGcNnG, — Cineworld Action Group (@cineactiongroup) October 3, 2020. Cinema giant Cineworld to shut after 007 fiasco The decision to push back the release of the new Bond film again could bring down the curtain on struggling cinemas Sabah Meddings , … Britain’s biggest cinema chain is set to close all its screens after the new James Bond film was delayed until the spring — robbing audiences of a must-see movie and the industry of a lifeline. For more updates check below links and stay updated with News AKMI. Earlier in September, Cineworld warned that further global coronavirus restrictions or film delays may force it to raise further cash as it revealed half-year losses of £1.3 billion. 894646. It is hoped that the Cineworld cinemas will be able to reopen next year, with staff being asked to accept redundancy in the hope of rejoining the company when theatres open again. Please, The subscription details associated with this account need to be updated. It is drawing up plans to close all its UK sites as soon as this week, according to sources familiar with the discussions. At the time, Cineworld were hopeful to encourage people to be confident and visit the big screen once more – and we even took a look to see how much the blockbuster experience has changed since the pandemic. The move to shut cinemas will mean staff will be asked to accept redundancy and cinemas could stay closed until 2021. Cineworld will reportedly ask employees to accept redundancy, with possible incentives to rejoin the company when theatres reopen - probably next year. Registered office: 1 London Bridge Street, SE1 9GF. There are fears that other upcoming films are also at risk of being delayed, including Pixar’s ‘Soul’ and the upcoming ‘Wonder Woman 1984’ sequel. Cineworld is set to shut all of its screens again after the delay of the upcoming Bond film.