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Thousand Of Cinemas In China Under Threat Of Closure

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Kefa
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Thousand Of Cinemas In China Under Threat Of Closure

Post by Kefa »

Thousand of cinemas in China under threat of closure

By Justin Harper Business Reporter

More than 40% of cinemas in China could go bust, according to a bleak report by the China Film Association.

Having been temporary closed during the virus pandemic, audiences may struggle to return, the association says.

Millions of Chinese have enjoyed watching movies online during cinema closures thanks to a wide range of streaming services.

As a result, thousands could shut permanently in a "massive bloodbath" predicts one Chinese business expert.

There are now more than 12,000 cinemas in China, according to market research firm IBISWorld. This figure has more than doubled in the past decade as China has embraced movie-going.

But four out of 10 said they "are very likely to close" in the near future, according to the China Film Association survey. This could mean nearly 5,000 cinemas going bust as a result of the pandemic.
Read More BBC News Business
Thigibh a nis le buidheachas
n a gheataibh-san a steach,
Is thigibh fòs le maladh mòr
an cùirtibh naomh a theach :
Is thugaibh dha mòr-bhuidheachas,
ainm beannaichibh gu binn.

Psalm 100: 4


"Beware of the false prophets! They come to you wearing sheep's clothing, but underneath they are hungry wolves! You will recognize them by their fruit. Can people pick grapes from thorn bushes, or figs from thistles?
Matthew 7: 15-16 Complete Jewish Bible

Dear friends, don't trust every spirit. On the contrary, test the spirits to see whether they are from God; because many false prophets have gone out into the world.1 John 4:1 Complete Jewish Bible



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