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Independent U.K. Distributors Gear For Future as Cineworld Closure Wipes a Third Off U.K., Ireland Box Office
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variety.comNaman Ramachandran When all 1,180 screens across Cineworld and Picturehouse’s cinemas in the U.K. and Ireland shutter from Friday, they will wipe out a third of potential box office revenue for distributors.
On top of Odeon’s plans for weekend-only operations in a quarter of its movie theaters, the outlook may appear bleak for cinema-going in the U.K.
But as the dust settles, numerous distributors tell Variety that the exhibition crisis won’t hinder their release plans, even though the temporary loss of Cineworld will make an undeniable dent in revenues.“In the past three months, we’ve been incredibly proactive in the theatrical space and released six films that have a combined gross box office of over £2.5 million [$3.2 million],” Rupert.
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