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The Clubhouse Bar
The Movie Thread
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<blockquote data-quote="Bada-Bing!" data-source="post: 1098746" data-attributes="member: 70552"><p>All relevant reasons mentioned above for Cineworld's situation. We'll see if Vue and Odeon have similar problems. Streaming services must also have contributed, and peeps cutting down on going to cinema because they have a good viable alternative and cost of living. </p><p></p><p>But I think Cineworld's main problem is business one: taking on too much debt to expand and then when the demand drops suddenly, they just can't keep up with the interest/debt re- payments. Inevitably they'll get the the Liquidators in to try and salvage what they can and then close the loss making theatres and then sell off the ones which can still make a profit.</p></blockquote><p></p>
[QUOTE="Bada-Bing!, post: 1098746, member: 70552"] All relevant reasons mentioned above for Cineworld’s situation. We’ll see if Vue and Odeon have similar problems. Streaming services must also have contributed, and peeps cutting down on going to cinema because they have a good viable alternative and cost of living. But I think Cineworld’s main problem is business one: taking on too much debt to expand and then when the demand drops suddenly, they just can’t keep up with the interest/debt re- payments. Inevitably they’ll get the the Liquidators in to try and salvage what they can and then close the loss making theatres and then sell off the ones which can still make a profit. [/QUOTE]
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