After this year of countless cancellations or postponements of scheduled film releases, the film world was looking forward to the release of the latest James Bond film, “No Time To Die.”
The recent update on the film’s release schedule came in the form of a heavy blow to cinemas.
Cineworld, the owner of the largest theater chain in the UK and Ireland, and Regal Cinemas, the second largest in the United States, they will close all their theaters. This means that all 543 cinemas will be closed in the United States, while in the United Kingdom and Ireland, the cinema chain has announced that it will close 128 theaters.
They both say James Bond is the reason
James Bond’s 25th film, “No Time to Die,” was postponed for release in April 2021 due to the pandemic, after it was scheduled for release in November 2020, denying cinemas one of the last chances to return this year.
Apparently, the theaters relied mainly on the Bond series to be released on time, in the hope that this would fix the problem of poor ticket sales in recent times.
Although Cineworld has not confirmed that it will close its theaters, it said in a statement that “we are considering the temporary closure of our cinemas in the UK and the US”. However, “a final decision has not yet been made.”
Cineworld, in particular, reported a loss of $ 1.6 billion in the first half of 2020. AMC, the largest theater chain in the United States, had terrible results due to the pandemic.
While a postponement of the latest James Bond film has caused the cinemas to close, the repercussions seem to appear in a loop, as this closure will eventually lead to the postponement of other films.
Disney / Pixar’s “Soul” is still slated for theaters in November, and both “Wonder Woman 1984” and “Dune” were expected in December. However, given that the theaters’ decisions to stop operating will take effect, it seems likely that these films will also be postponed.