Cineworld preparing to file for bankruptcy

[champ222]

I love the cinema. I have an unlimited card, but barely go once a month. I keep paying it because i was worried they would go. (Its not a big expense on the grand scheme of things, most of my other monthly costs bring me no joy at all).

Streaming services are fine and all, actually i was a bit reluctant, but they have been more reliable than i thought they would be. Filming everything in 24/23.976 fps and playing everything back at 60hz irritates me though with the judder. I need to find a solution to this now. My amazon fire stick cant adjust the refresh rate to match the video like my NUC running libreelec does.

"the masses" are about quantity over quality now. there has been a lack of decent films for quite a while. it certainly hasnt helped.

 

[AndyCr15]

if they close entirely as a chain, I get the feeling I'll lose my paid-up membership.

Can I ask... if they all close, but you keep your membership... what would you do with it?

 

[Karl]

I'll cross that bridge when I come to it. If every branch in my region closes, I think I'd have some grounds for a refund. if the whole company goes under, I guess I'd go into the administrator's list of creditors, probably waaaaayyyyy down at the bottom

 

[n111ck]

Cineworld just refunded by Wrath of Khan showing in September... oh dear

Looks like they are reducing the number of screenings for some reason - ST1 is only on 1 day now when it was down for 3-4 at my local.

Even if they do go bankrupt the cinemas will still stay open - maybe some some smaller less profitable ones will go.

I think the studios have learnt that pushing £200m blockbusters straight to streaming doesn't make sense post covid - Paramount would have lost billions if they hadn't waited with Top Gun Maverick...

 

[AndyCr15]

If every branch in my region closes, I think I'd have some grounds for a refund.

So... you'll keep your membership if the chain goes under, in case some branches continue to operate? Is that an option!?

 

[Karl]

If the chain goes under, I won't have a viable membership, I wouldn't have thought, as no cinemas would be operational in that case.
If the chain goes in to administration, usually they close certain branches and keep the most profitable ones open. My cinema is usually pretty much empty, so I can see it being one of the ones they close. In that case, I'd assess the next closest one, and see whether it's doable to keep it or not.

 

[unwashed potato!]

Can I ask... if they all close, but you keep your membership... what would you do with it?

You're missing the obvious point he was making.

It wasn't a sadness to lose a membership, it was that it's prepaid, so he's saying, if they all close, then he'd lose the remainder of his paid membership and not get it back, so losing out on x months of subscription.

That was the point and it was a valid one.

 

[Scam]

I think the studios have learnt that pushing £200m blockbusters straight to streaming doesn't make sense post covid - Paramount would have lost billions if they hadn't waited with Top Gun Maverick...

Indeed. Even a movie that reviewed fairly 'middling' like Jurassic World Dominion is approaching $1bn worldwide. Whereas Netflix are losing subscribers, and are entirely in the pockets of their investors who could decide to pull the plug if they continue to "under perform". Personally I think Netflix would do a lot better as a company if they put all of their movies in cinemas. At least for two weeks or something. Traditional studios make something like 70% of their box office in the first weekend anyway.

 

[AndyCr15]

I get it, my bad. It was more about he'd lose the money he spent on it rather than he'd lose the membership. Phrasing it like branches closing and them going under being two different things didn't help was all.

 

[stoofa]

I'll be gutted if it happens - mainly because we don't have much else cinema that local to us.
I'd like to think it would be sold as an ongoing concern, or maybe a number of other chains would look to buy the sites and expand - but it really does have to be somewhere that offers a membership, couldn't really stomach the actual cost to go and see a film, especially at peak times.

Enjoy the cinema a lot, had an Unlimited card for well over a decade and I've enjoyed going to see films I wouldn't have "paid to see" (yes I know, I'm paying monthly - but if I were paying per film, there are a lot I've seen I wouldn't have).
If my locals close and nobody else takes them over, cinema will become a "treat" again - I'll only go when something really big or something I consider must see is on.
I have an OK setup at home - but I enjoy the cinema experience.

 

[SixTwoSix]

Not too bad for me if Cineworld goes, we have a Showcase a similar distance that has better seats, cheaper price and shows a lot of older classics.

 

[unwashed potato!]

Not too bad for me if Cineworld goes, we have a Showcase a similar distance that has better seats, cheaper price and shows a lot of older classics.

you need to learn the power competition gives you.

cheaper prices exist not because of charity

 

[SixTwoSix]

you need to learn the power competition gives you.

cheaper prices exist not because of charity

There are still 3 other cinemas in the same city if Cineworld goes.

Also, patronising much.

 

[unwashed potato!]

There are still 3 other cinemas in the same city if Cineworld goes.

Also, patronising much.

you have 4 cinemas! lucky you. we have 1 in my town and it's pants, so pants i drive 30 minutes to another town.

get over yourself, there was nothing patronising in my post, even added the smiley to show that you little sausage .

yours however, adding in "not bad for me if cineworld goes", well happy days for you. glad while others may lose their cinema, you can remind us that it's not bad for you. added a lot to the thread .

 

[Kyo]

Cineworld just refunded by Wrath of Khan showing in September... oh dear

It's just cancelled for that day Sat showing, you can rebook to Sunday or 2 other days following week.

 

[StriderX]

Why would anyone bother buying it with the running costs about to skyrocket while demand plummets?

Does Cineworld even own the land their buildings are on?

 

[pecnarf]

well i remember before cineworld reopen odeon was letting cineworld user use there unlimited card at the odeon so maybe if cineworld goes bust they might do a deal.

 

[SPG]

Got to say, if they don't invest in the upkeep broken seats, tables that don't work etc then it's not a great loss. The Cineworld in Derby is such a place. Everyone goes to the odean it's always busy and a great smart Cinema.

 

[Kyo]

Got to say, if they don't invest in the upkeep broken seats, tables that don't work etc then it's not a great loss. The Cineworld in Derby is such a place. Everyone goes to the odean it's always busy and a great smart Cinema.

Can't say I been to Derby but the ones I been to. Edinburgh, Dundee, Glasgow, Telford had good facilities. All recently updated and refurbished last few years pre covid.

 

[unwashed potato!]

Got to say, if they don't invest in the upkeep broken seats, tables that don't work etc then it's not a great loss. The Cineworld in Derby is such a place. Everyone goes to the odean it's always busy and a great smart Cinema.

Funny exact opposite experience for me with odeon and cine world.

Odeon feels like the same cinema I went to as a kid 20 years ago. Cine world however has lovely seats, teared seats ffs which odeon doesn't have that well, they did have those moving seats, and even the 4dx in some screens.

I think it just depends how new a cinema is. Odeon was built 30 odd years ago. Cine world less than 10. But when odeon is ever redone, then it'll feel much nicer than cine world for 10 years, until cine world then refresh and that feels better etc.