A quarter of Vue cinemas go part-time
October 12, 2020
Nearly a quarter of Vue’s UK cinemas will shut for three days a week in the wake of the barren movie release schedule.
Twenty-one of the chain’s 87 sites will be closed from Tuesdays to Thursdays as of this week. The move is necessary “to ensure that our business is financially well-placed to withstand the uncertainty ahead”, a spokesperson said.
Vue’s announcement follows the temporary closure of all 127 Cineworld and Picturehouse cinemas after the latest James Bond movie was postponed, along with a number of other high-profile titles, until well into 2021.
The Odeon cinema chain last week decided to open 30 of its 120 locations from Fridays to Sundays only.
Other posts by :
- Bank: “Charter racing to the bottom”
- SpaceX IPO in June?
- Russia postpones Starlink rival
- Viasat taps Ex-Im Bank to finance satellite
- Bank: TeraWave not a direct threat to AST SpaceMobile
- SpaceX lines up banks for IPO
- SES to FCC: “Don’t auction more than 160 MHz of C-band”
- Morgan Stanley downgrades Iridium
