Danny Boyle and Steve McQueen

Boyle and McQueen call on government to support UK cinema chains

Danny Boyle, Steve McQueen and other leading British film-makers have called on the government to offer financial support to the UK’s big cinema chains. “These companies represent over 80 per cent of the market,” they write in a letter to chancellor Rishi Sunak published in the Sunday Times. “Without them the future of the entire UK film industry would look extremely precarious.” Sam Mendes and Christopher Nolan are among the other signatories. Bond producers Barbara Broccoli and Michael G Wilson, Love, Actually director Richard Curtis, Bend It Like Beckham director…

Read More
'Closed due to Covid-19 restrictions' sign

Industry slams £4.6bn retail and hospitality relief package

Industry bodies have dismissed the Treasury’s £4.6bn relief package for retail and hospitality businesses as nothing more than a “sticking plaster”. The package, which was unveiled after the government placed England into a third national lockdown, has been criticised for failing to address long-term issues such as rent and business rates. The biggest chunk of the package is a £4bn fund to support an estimated 600,000 retail and hospitality business sites on a “per-property basis”. The one-off top-ups will be granted to closed businesses, with £4,000 for those with a…

Read More
Cinema popcorn. Image by Devon Breen from Pixabay

Why the future of cinemas may be brighter than it looks

The first rule of investing is “buy low, sell high.” Right now, few businesses are hitting lower lows than the movie theater industry, which could make it a great time to acquire a distressed asset ahead of a turnaround. That’s been true for the duration of the pandemic, and it’s still true now even as light can be dimly glimpsed at the end of the tunnel. The question is, is there an upside given the uncertain state of the entire film industry, and if so, for what kind of buyer? These…

Read More