Cineworld shuts cinemas amid 'Covid horror film'
Cineworld shuts cinemas amid 'Covid horror film'
LONDON (AFP) - British cinema chain Cineworld is temporarily shutting its theatres in Britain and the United States as the coronavirus pandemic delays major new films like the latest James Bond spy blockbuster, it announced Monday.
From Thursday, it will suspend operation at 127 Cineworld and Picturehouse theatres in Britain, and 536 Regal theatres in the US, affecting 45,000 employees, a statement said.
Analysts described the impact of Covid-19, which sparked lockdowns worldwide, as a "horror movie" that plagues the entertainment sector, with cinemas already shut in key US markets including the cities of Los Angeles and New York.
Cineworld’s announcement sent its share price into a dramatic nosedive on Monday as investors headed to the exits.
