Cineworld’s UK cinemas face closure after latest Bond film is delayed

BizAsia Correspondent



Popular UK cinema chain, Cineworld is facing closure due to the ongoing coronavirus pandemic and the delay of big-budget 007 Bond movie ‘No Time To Die’.

The Sunday Times reports that the global cinema giant is writing to Prime Minister, Boris Johnson and Culture Secretary, Oliver Dowden to express the unviability of the industry.

It was confirmed by makers that ‘No Time To Die’ will be postponed for a second time, to April 2021 due to the current troubled times.

The report adds that its 5,500 staff members will be asked to accept redundancy and then asked to rejoin next year if Cineworld re-opens again.

In September, Cineworld reported a loss of £1.3 billion for the six months to June due to the closure amidst the pandemic.