Cineworld closures: Impact in Woolwich?

Reports have emerged this morning that Cineworld will close all UK cinemas threatening 5,500 jobs.

This would see the Bexleyheath branch close and possibly the Picturehouse cinema in Greenwich. Picturehouse is owned by Cineworld.

It also impacts upon plans for a new cinema in Woolwich. It’s less than a year since Picturehouse was announced for Woolwich as part of the Spray Street project.

Cinema plans for Woolwich

Alongside the closure comes heavy lobbying of Government for assistance. It’s possible that will succeed and the chain survives into 2021 – though not without six months of closure and many out of work – in the short to mid term at least.

A big hope for cinema was the release of Tenet, though reports state after an initial burst viewing numbers quickly declined. The delay to the latest Bond film to April 2021 was the latest blow.

The question is, how many cinemas will exist in 2021 for the Bond film to release into, and will sufficient numbers feel confident in returning?

Cineworld made a loss of £1.3 billion in the six months to June 2020.

This website is a labour of love and almost entirely the work of one person. It takes much time and as a private renter, I'm not flush with money. Any help from readers is a massive help. You can make a one off payment or become a regular supporter through Paypal here

You can also contribute via my Patreon account by clicking here

John Smith

I've lived in south east London most of my life growing up in Greenwich borough and working in the area for many years. The site has contributors on occasion and we cover many different topics. Living and working in the area offers an insight into what is happening locally.

8 thoughts on “Cineworld closures: Impact in Woolwich?

  • October 4, 2020 at 10:20 am
    Permalink

    It’s a *temporary* closure until the COVID-19 situation improves, with some / many of the 5,500 redundancies potentially able to return when the branches open again.

    Reply
    • October 4, 2020 at 10:21 am
      Permalink

      As I said, but they have massive losses and people will still be tentative about returning in 2021. Let’s not expect the same business to emerge in 2021 as existed in 2020

      Reply
  • October 4, 2020 at 11:50 am
    Permalink

    Yet more sad news coming out of the terrible Covid-19 virus, I really feel for the Cineworld staff who could temporaily or permanently lose their jobs during these very difficult times.

    Reply
  • October 4, 2020 at 1:15 pm
    Permalink

    Think with the arrival of Netflix and personalisation of YouTube…cinema attendance is still in decline

    Reply
  • October 4, 2020 at 4:29 pm
    Permalink

    I have been to Greenwich Picturehouse since they reopened. I love their cinemas hopefully won’t close Greenwich cinema.

    Reply
  • October 4, 2020 at 5:47 pm
    Permalink

    Covid-19 has made the trading landscape even worse and I agree with Murky that a lot of businesses will not survive until it either goes away or there is an effective vaccine.

    Still the government is finally alive to the skills shortage in this country is seriously looking at ways to retrain a workless population. However, some disciplines, such as architecture, have a very long training period.

    Reply
  • October 5, 2020 at 6:18 am
    Permalink

    Absolutely anonymous201481 I agree with yourself and Murky.

    But why people out there continue to ignore Government and Public Health advice on the wearing of facemask/coverings and social distancing Covid-19 will not go away.
    Until a proven vacine as been found.

    Which will result in more busineses being forced to close with many further job losses.

    I have said for a long time we need more Government Training Centres like we had in the 1980’s and 1990’s so we train many unemployed people with new skills.

    Architecture for example would require college courses combined with on the job placements and would take sometime to complete.

    Reply
    • October 5, 2020 at 12:32 pm
      Permalink

      Covid-19 is not going away anytime soon and in the absence of a vaccine, wearing a mask, maintaining hand hygiene and practising physical distancing are the only tools we have. Those people who failed to practice any one of those minimum requirements are the ones responsible for the current spike in the infection rate. Further, those mayors and civic leaders are doing no favours to their communities by kicking against the renewed lockdowns. They should be told point blank that there is no other course and to urge people to stick to the rules.

      Reply

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.