Cineworld is facing a £1m legal challenge over allegedly not paying rents for a Southampton site.Marina Developments, a developer based in Southampton, claims that Cineworld has not paid rents and other charges since last March. Source: Cineworld faces legal challenge over alleged unpaid rent : CityAM … [Read more...]
Savills and Cineworld shareholders revolt over executive pay
The estate agent Savills and Cineworld, the UK’s biggest movie chain, have been hit by significant pay revolts by shareholders in a backlash over reward packages awarded to bosses during the pandemic. Almost 30% of investors in Britain’s largest cinema chain failed to back a controversial new award scheme under which bosses could be awarded more … [Read more...]
Cinema workers react to “despicable” Cineworld bosses’ bonus scheme
5500 staff members across the UK have been out of work since last October. Cineworld staff members have responded to the company’s bosses’ bonus scheme, calling it “utterly despicable.” Responding to the news that Cineworld bosses would be set to receive more than £200 million in shares in a recently greenlit incentive scheme (per the … [Read more...]
Cineworld shares: gripping drama with uncertain ending?
Cinemas started out as the only distribution channel for the film industry. They survived the television era by negotiating ‘theatre window’ deals with film studios whereby blockbuster films had to be shown in cinemas for up to 90 days. But the Covid lockdown may have caused a sea change in viewing habits, though it is too early to say to what … [Read more...]
Cineworld coming to Colchester as £50m Northern Gateway Leisure Park approved
EAGERLY-awaited plans for a new £50 million cinema and leisure complex in Colchester have been unanimously backed by councillors. Turnstone Estate's development at Northern Gateway, south of junction 28 of the A12, will feature a 12-screen cinema, set to be run by Cineworld, as well as seven restaurants and a 90-bed hotel, run by … [Read more...]
How Evesham’s indepedent cinema is trumping the likes of Cineworld
CHRISTMAS has come early for an independent cinema in Evesham with shows already sold out ahead of reopening in December. The Regal on Port Street, Evesham, has defied the doom in its industry by putting on a variety of ideas including private hire, live pantomime shows, members’ choice nights, cabaret and … [Read more...]
