Empire Cinemas has collapsed into administration with the immediate loss of 150 jobs. Six cinemas in the chain have closed, with a further eight under threat. Administrators BDO said the impact of the Covid pandemic and the cost of living crisis had "significantly affected the companies' business".
Liquidators brought in to wind up High Wycombe cinema chain after it goes bust. Liquidators have been brought in to wind up Empire Cinemas in High Wycombe after the chain collapsed into administration. Liquidators were appointed on December 21, 2023, according to a new public insolvency notice in The Gazette.
Last month rival chain Cineworld, also fell into administration, hit by the pandemic and competition from streaming. The Empire cinemas that closed on Friday are in Bishop's Stortford, Catterick Garrison, Sunderland, Swindon, Walthamstow and Wigan.
The Empire Cinema chain has collapsed into administration, with six sites set to be closed with immediate effect. Around 150 jobs have been lost by the chain's collapse, with staff and film fans reportedly turning up to cinemas on Friday to find notes on the window explaining the closures.
The Empire chain collapsed in July, resulting in the immediate closure of six locations following pressure on the cinema industry due to the pandemic and competition from streaming services. The Clydebank cinema was listed as one of the operator's "profitable" sites and remained open as a new buyer was sought.
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Why is cinema declining?
A decline in interest in movies and moviegoing cannot only be attributed to this reliance on franchise films and remakes. COVID-19's impacts have been long-lasting, as regular moviegoers were forced to turn to the very streaming platforms that are being blamed for this decline we are now facing.
On 7 July 2023, Empire Cinemas entered administration with the immediate closure of six cinemas. The remaining five cinemas continued to trade under the Empire Cinemas name until 4 December 2023, when the rest of Empire Cinemas was acquired by Omniplex Cinemas, with it dissolving in the process.
Struggling cinema chain Cineworld has said its screens will remain open despite its plans to file for administration to cut its huge debts. Cineworld, which is the world's second-largest cinema chain, was hit hard by the Covid pandemic when many of its theatres were forced to close.
Theater chains have closed dozens of theaters in recent years, and, as of last year, ticket sales were still one-third lower than in 2019. And yet despite all that, movie theaters persist, and part of the reason they haven't died out might actually have to do with their unique architecture.
At the end of the day, it seems unlikely that streaming services will completely replace movie-going, but the accessibility of streaming services has detracted from the appeal of the theater experience.
What movie theater chain is going out of business?
After 101 years of running some of Southern California's most famous movie theaters, Metropolitan Theatres Corporation recently filed for bankruptcy. L.A.'s oldest theater exhibitor has been owned by four generations of the Corwin family and screening movies since the silent era.
According to Aron, who sat down with The Hollywood Reporter on Tuesday, the answer is an emphatic “No.” “Personally, I think it's inconceivable that AMC would have to restructure like Regal Cinemas did and file for Chapter 11.
The financial hit of the COVID-19 pandemic, rising inflation and the cost of living crisis have been blamed for the cinema closures. The Empire Cinema chain has entered administration, leading to the loss of 150 jobs and the closure of six cinemas.
The owner of Regal cinemas announced Tuesday that it had emerged from Chapter 11 bankruptcy after slashing billions off its debts, just as smash hits “Barbie” and “Oppenheimer” give the movie theater industry a much-needed lift.
All Big Five major studios (Walt Disney Pictures, Warner Bros. Pictures, Paramount Pictures, Universal Pictures, and Columbia Pictures) are parts of much larger business enterprises, with their corporate headquarters offices far from Hollywood.
It is the largest movie theater chain in the world. Founded in 1920, AMC has the largest share of the U.S. theater market ahead of Regal and Cinemark Theatres.
The Executive Producer tends to be the highest paying career in the film industry, as they typically control the project and oversee the financials of it.
In recent years, there has been a surge in movie ticket pricing, which has been turning people off. Additionally, movies hit streaming services and digital weeks after films are released in theaters, barely giving these movies room to breathe.
The Glen Cinema disaster was a deadly crowd crush caused by a smoking film canister at a cinema in Paisley, Renfrewshire, Scotland, on 31 December 1929. The resulting panic and stampede killed 69 children and injured up to 40 others; the final death toll was 71.
Ticket and snack prices rise, fellow patrons are rude, projection quality is hit-or-miss, floors are sticky, etc. Meanwhile, it's easier than ever to get a theater-quality experience at home with today's TVs and sound systems.
Recognized by the Guinness World Records as the oldest continuously operating movie theater in the world, the State Theatre in Washington, Iowa, has been screening films since May 14 1897.
Entertainment was still limited in the early part of 20th century. Movie theaters were very opulent and grand to the point that they were called “movie palaces” and “picture palaces”.
