RE:RE:RE:Bankruptcy Subscription based streaming? already a crowded market. People are willing to pay up for new subscription content, not so much for older content, even blockbusters. Nothing beats new.
Pop up drive-ins? This is a fad and not sustainable in our colder climate.
Private showings? Too niche, this is opposite to their model which is based on increasing capacity/sq. ft which is multiple screens in a small footprint.
The moves above are all a sign of desperation. Cineplex was already in trouble hence the deal with Cineworld. Covid is just accelerating the process to insolvency.
Banana1 wrote: Obviously a shorter.... but there is lots they can do, subscription based streaming as they own the rights to enough blockbuster movies, they could do pop up drive in movies they could rent theatres out for private showings of movies the list goes on.
theres lots that could be done, let’s see what they actually do in the next few weeks before bashing them... they have a competent management team, funding and a solid name they can last a solid year with no income.