former Abbey Cinema Wavertree – photo Wikimedia Commons

Merseyside: Lidl proposed for former Wavertree cinema 

The supermarket chain plans to open a store on the site of the former Abbey Cinema on Church Road North, part of its £1.3bn nationwide expansion strategy. The 17,700 sq ft Lidl store would be constructed opposite the Picton roundabout in Wavertree, in the footprint of the cinema building that would be demolished under the retailer’s proposals.  “It is simply not economically viable to restore the building and retain it as a supermarket,” Lidl said.  “We understand that the proposed demolition of the building may be disappointing to some people, however, we will invigorate the site…

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Cinema Opera Lyon. Photo by Sylvain Gllm on Unsplash

French distributors juggle schedules with fears cinemas might not fully open until July

Hopes of an early spring reopening for cinemas in France have been dashed by a Covid-19 surge over the last two weeks that has led to new restrictions in 19 regional departments, including Paris and the Ile-de-France, until mid-April.  “We’re now in a situation in which infections are very high but the expectation is that a month from now, things will be clearer at which point the government will be able to announce a calendar,” says Marc-Olivier Sebbag, managing director of the National Federation of French Cinemas (FNCF). Alexis Mas…

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Wang Jianlin – Wikimedia Commons

Dilution takes Dalian Wanda stake in AMC below 10%

Dalian Wanda’s AMC stake falls to less than 10 per cent after dilution, as tycoon Wang Jianlin’s ambition of assembling a global media-to-property flagship runs aground Dalian Wanda Group’s stake in the largest cinema chain in the United States drops to 9.8 per cent, from 23.1 per cent previously Wanda’s loss of control is ‘beneficial’, as the group does not need to take the responsibility for AMC’s liabilities and profit losses, a source said Dalian Wanda Group’s stake in the largest cinema chain in the United States has been diluted…

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