Just opened the market fell 60percent! The second outbreak of the epidemic situation can not be sustained again

category:Finance
 Just opened the market fell 60percent! The second outbreak of the epidemic situation can not be sustained again


Cineworld is considering closing all British and American cinemas

Cineworld, the worlds second largest cinema operator, said it was considering temporarily closing all its cinemas in the United States and the United Kingdom due to the outbreak of the new crown, including 128 in the UK and Ireland and 543 Regal in the US. The plan could be announced as early as Monday (October 5) or Tuesday.

If the closure is launched, it could put as many as 30000 jobs at risk, including at least 5500 in the UK and more than 28000 in the US. Cineworld declined to comment, not saying how many people would lose their jobs or what incentives might be taken when cinemas reopen.

The company said only in a statement. We can confirm that we are considering temporary closure of cinemas in the UK and the US, but the final decision has not yet been reached. Once a decision is made, we will inform all employees and customers as soon as possible.

Although cineworld has not yet made an official comment on the matter, Phil Clapp, chief executive of the British Film Association, told the daily mail that the closure of cineworld would be a serious blow. In the past few weeks, UK cinema operators have issued many similar announcements, and this announcement is probably the most serious blow to them and will undoubtedly cause a large number of other cinemas to close again.

According to reports, cinneworld made the decision mainly because 007: no time to die was postponed to April next year, and no Hollywood blockbuster was released before December this year. On Friday, MGM canceled the November Premiere of James Bonds new film, one of the few remaining blockbusters on its 2020 release schedule. It is reported that only Pixars journey of mind on November 20 and global crazy primitive man 2 on November 25 have not been withdrawn.

According to people familiar with the matter, cineworlds closure plan will continue until Hollywood confirms its full list of film releases, suggesting that the closure plan may continue into the first quarter of 2021.

Due to the impact of the epidemic, cineworlds cinemas reopened on July 31 this year after four months of closure. However, the box office performance of creed was not as good as expected, and Huamulan was changed to the upper stream media, and its operation was once in trouble. 007: no time to die was changed from November 12 to April next year, which is undoubtedly the last straw that killed the camel.

Industry insiders believe that, as the current situation continues, Regal Entertainment Group, the imperial entertainment group of cineworld, may close all operations in the United States. Cineworld could suspend all its UK cinemas as early as this week.

Cineworld has a debt of 8.2 billion, down more than 82% this year

According to reports, the owners of cineworld group are preparing to write letters to British Prime Minister Boris Johnson and culture minister Oliver Dowden, saying that the film industry is unable to survive due to the spread of the new crown epidemic and the delay of the release of large-scale films.

Cineworld shares have fallen more than 82% so far this year.

In 2018, cineworld group, the UK cinema chain operator, will buy Regal Entertainment Group, the second largest cinema chain in the United States, for us $3.6 billion, and is in high debt crisis. Last month, the company reported a pre tax loss of $1.6 billion in the first six months of this year, and its net debt rose to $8.2 billion during that period, and cineworld has asked banks to give easy maturities to its debt.

70% of theaters in the United States will close down and about 100000 people will be unemployed

Recently, the National Association of theater owners also said that nearly three-quarters of small and medium-sized cinemas in the United States are facing bankruptcy risk due to the impact of the new crown epidemic, and about 100000 people engaged in the industry may lose their jobs due to the flu pandemic.

Industry insiders believe, this will be a terrible October. Large films have been withdrawn, which directly leads to difficulties in the survival of cinemas.

007: no time to die is not the only film that has been delayed.

The black widow, originally scheduled to be released on May 1, 2020, was postponed to November 6, 2020, and then extended to May 7, 2021;

Magic woman 1984, originally scheduled for release on October 2, 2020, was also postponed by Warner to December 25, when tenet premiered;

Shangqi, originally scheduled to be released in February 2021, was postponed to May 7 and then to July 9 next year;

The eternal family, originally scheduled to be released on February 12, 2021, will be directly postponed for more than half a year to November 5, next year;

The original release of deep water on November 13, 2020 was postponed to August 13, 2020;

The new version of west side story, which was originally scheduled for release on December 18, 2020, has also been directly postponed to December 10, next year.

The reason why many films have been delayed one after another is that the new crown epidemic has been rampant in the United States, which has greatly affected the box office. Another important reason is that the death squads who do not believe in evil are in front of them.

Nearly a month after it was released on September 3, 2020, creed has not looked very good. Up to now, creed has made a total of 41.2 million box office in the United States. Its performance in the United States is still poor, and its word-of-mouth is not particularly excellent, which is lower than the expectations of Warner Brothers and the cinema chain.

Second outbreak in Europe

More than 950 schools in Italy and nearly 50 universities in the United Kingdom have reported new cases in schools as the European epidemic rebounded.

Novel coronavirus pneumonia confirmed 5312371 cases and 225012 cases died in Beijing, as of October 5th around 6:30 in Worldometer, and the real-time statistics of the website showed that 48 countries and regions in Europe reported the new confirmed cases of pneumonia. According to the data, the three countries with the largest cumulative number of confirmed cases in Europe are Russia, Spain and France.

3 novel coronavirus pneumonia cases were reported in 2563 cases by German Federal disease control agency, and more than 2500 cases were added on a single day for three consecutive days. It is worth noting that since September, the rebound trend of the epidemic situation in Germany has not been reversed, and the number of newly diagnosed cases in a single day has been the largest increase since the epidemic situation stabilized in April this year.

In the UK, at least 770 students in Northumbria University in northeast England were tested positive for the new coronavirus, the University of Northumbria said on Tuesday. In the past few weeks, nearly 50 universities in the UK have experienced an outbreak of the new crown outbreak. All infected students have now been isolated and their roommates and all close contacts will be quarantined for 14 days, according to government guidelines. As the epidemic data indicators have not improved significantly, the French capital Paris is still facing the risk of being listed as the strongest warning area. According to French health minister VERLAIN, if there is no sign of improvement in Paris, Paris may be listed as the strongest warning area as soon as October 5. By then, bars and restaurants in Paris are likely to be closed for at least 15 days, while French officials will ask the city authorities to implement other restrictions to control further spread of the virus. Paris mayor Hidalgo warned on the 3rd that the new epidemic prevention measures will bring economic impact to Paris, especially the rising unemployment rate, resulting in stagnation of economic power. Alibaba will buy no more than 10% of the shares of duty-free retailer dufry. Japanese stock market is on fire. Local bank shares of kan Yiwei economics soared and fell sharply. Fonterra sold 2.5 billion yuan. Chinese ranch group Yili and Sanyuan took over. Source: China Fund News Author: Wenjing editor in charge: Zhong Qiming_ NF5619

In the UK, at least 770 students in Northumbria University in northeast England were tested positive for the new coronavirus, the University of Northumbria said on Tuesday. In the past few weeks, nearly 50 universities in the UK have experienced an outbreak of the new crown outbreak. All infected students have now been isolated and their roommates and all close contacts will be quarantined for 14 days, according to government guidelines.