The permanent closure was announced in a statement by the cineplex's parent company, Decurion Corporation. Also available in French and Mandarin. From March 20 to April 2, all branches of Star Cineplex were closed. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. According to IndieWire, all locations of Pacific Theatres — including the iconic Cinerama Dome — and ArcLight Cinemas will close permanently. The meeting moved to a virtual format after an announcement on Friday from the Ontario government that a number of businesses in Toronto, Ottawa and Peel Region would be forced to close for at least 28 days – including cinemas, gyms, restaurants, bars, casinos and performing arts venues. Star Cineplex permanently closing at Basundhara City . Welcome to The Globe and Mail’s comment community. “What I know for sure is that our guests miss the magic of the big screen and are looking forward to shared experiences with friends and family that can’t be replicated at home,” he said. Arclight Cinemas and Pacific Theatres are closing down permanently, falling as another casualty of the coronavirus pandemic that forced a shutdown which halted Hollywood productions and moviegoing. Mesbah Uddin Ahmed, marketing and public relations officer of Star Cineplex, confirmed the information to the media on Tuesday (September 1) at noon. This is a space where subscribers can engage with each other and Globe staff. Some information in it may no longer be current. It has begun with commitment of fearless, investigative, informative and independent journalism. Cineworld is a cinema company based in London, England.It is the world's second-largest cinema chain (after AMC Theatres), with 9,518 screens across 790 sites in 10 countries: Bulgaria, Czech Republic, Hungary, Ireland, Israel, Poland, Romania, Slovakia, United Kingdom and the United States. AMC exited Canada by closing the AMC Interchange 30 in 2014. Film journalists used to gather in this courtyard with a lot of memories. Posted on Tuesday, April 13th, 2021 by Hoai-Tran Bui Arclight Cinemas and Pacific Theatres are closing down permanently. 2021-04-13. If the landlord gives notice to leave, then the tenant does not have to do anything. Cineplex Inc.'s chief executive officer criticized government-mandated shutdowns of movie theatres on Tuesday, calling the measures designed to curb the spread of COVID-19 “excessive.”. But all our other branches will continue. North Vancouver’s Cineplex Odeon Park and Tilford has closed permanently and will not reopen alongside other Cineplex theatres when COVID-19 … Changing the address of such a love is very difficult and emotional for us too. Welcome to The Globe and Mail’s comment community. See also: North Vancouver’s Cineplex Esplanade Theatre is closing down; City of Vancouver proposes 50km of “slow streets” for pedestrians and cyclists; Park Royal’s massive new Cineplex theatre opens (PHOTOS) He said, ‘Although it is painful but fact is that there is no Star Cineplex in Bashundhara City anymore. The permanent closure was announced in a statement by the cineplex's parent company, Decurion Corporation. The cinema chain held its annual general meeting on Tuesday before an empty movie theatre in downtown Toronto, with shareholders attending by webcast. We aim to create a safe and valuable space for discussion and debate. ‘. This translation has been automatically generated and has not been verified for accuracy. The new restrictions took effect over the long weekend in Ontario’s COVID-19 hot spots. Mr. Jacob noted that this has caused speculation about the future of the theatrical release model. The famed Cinerama Dome in Hollywood, built in 1963, is the crown of the theater complex built by ArcLight near the corner of Sunset and Vine. Many big stars and talented people from home and abroad have set foot here. Since its theatres began to reopen in parts of the country in late June, Cineplex had introduced reserved seating with distanced layouts in each theatre, and had staggered show times to avoid large crowds arriving at theatre entrances at one time. UPDATED: Read our community guidelines here. Cineplex has confirmed with Daily Hive that Cineplex Odeon Park & Tilford Cinemas has permanently closed. France We hope to have this fixed soon. The threat to the movie business from the global pandemic has rattled investors. BTTC Building (Level-03), 270/B, Tejgaon I/A, Dhaka-1208 +88029611885 Chairman & Editor: Jobaer Alam © Email: [email protected] Your time is valuable. Arclight Cinemas and Pacific Theatres are closing down permanently, falling as another casualty of the coronavirus pandemic that forced a shutdown which halted Hollywood productions and moviegoing. It has also negotiated with suppliers to reduce contractually-mandated services and defer payments. ArcLight Cinemas and Pacific Theaters are closing permanently, due to COVID closures ArcLight Cinemas, Pacific Theaters will stay closed for good, the company announced. Publication date 2021-04-13 Topics Maryland, Montgomery County, Montgomery County Media, MyMCM, Public Access TV, Community Media, PEG, Youtube, Montgomery County, Maryland, MCM, Montgomery Community Media, 2021 A Cineplex employee cleans seats at movie theatre in Toronto on Oct. 6, 2020, as part of health and safety protocols put in place at Cineplex cinemas. 351 King Street East, Suite 1600, Toronto, ON Canada, M5A 0N1, var select={root:".js-sub-pencil",control:".js-sub-pencil-control",open:"o-sub-pencil--open",closed:"o-sub-pencil--closed"},dom={},allowExpand=!0;function pencilInit(o){var e=arguments.length>1&&void 0!==arguments[1]&&arguments[1];select.root=o,dom.root=document.querySelector(select.root),dom.root&&(dom.control=document.querySelector(select.control),dom.control.addEventListener("click",onToggleClicked),setPanelState(e),window.addEventListener("scroll",onWindowScroll),dom.root.removeAttribute("hidden"))}function isPanelOpen(){return dom.root.classList.contains(select.open)}function setPanelState(o){dom.root.classList[o?"add":"remove"](select.open),dom.root.classList[o? The company suspended its dividend payments, which it does not expect to reintroduce in the near future, and has also cut capital investments. And the world’s largest movie theatre owner – AMC Entertainment Holdings Inc. – cautioned in a filing on Tuesday that it could run out of cash by the end of the year without additional liquidity – which could come from new financing, further breaks on lease payments, selling off assets, and other measures. In September the firm reported a $1.6bn (£1.3bn) loss for the six months to June as its cinemas had to close because of coronavirus lockdowns. “After shutting our doors more than a year ago, today we must share the difficult and sad news that Pacific will not be reopening its ArcLight Cinemas and Pacific … We aim to have all comments reviewed in a timely manner. The group's primary brands are Cineworld and Picturehouse in the United Kingdom and … Mesbah Uddin Ahmed said, ‘We started through Bashundhara City, 18 years have passed here. The COVID-19 pandemic has had a substantial impact on the film industry in 2020, mirroring its impacts across all arts sectors.Across the world and to varying degrees, cinemas and movie theaters have been closed, festivals have been cancelled or postponed, and film releases have been moved to future dates or delayed indefinitely. Audio for this article is not available at this time. “Movie theatres are fundamentally different from any other retail or restaurant environment,” Mr. Jacob said. Phone:+88028878026 Star Cineplex is also going to open a branch in the shopping mall in place of Sony Cinema Hall in Mirpur which being demolished. Share prices of cinema chains including Cineplex took a hit last week after the world’s second-largest theatre chain, Cineworld Group PLC, announced that it would shut down theatres again. Bashundhara’s Star Cineplex closing permanently. That means: If you do not see your comment posted immediately, it is being reviewed by the moderation team and may appear shortly, generally within an hour. The Playdium facility in Brampton, which opened in 2019, has not announced any plans to permanently close. That’s why Star Cineplex was very popular with Hollywood-loving viewers. It has also benefited from government wage subsidies and has negotiated with landlords for rent abatements during shutdowns and reductions during reopenings. They have new plans for shopping malls. In a statement shared by the theater chains’ owner Decurion, the company said it was financially unable to weather the pandemic, adding that it does “not have a viable way forward.”. Unchecking box will stop auto data updates, Due to technical reasons, we have temporarily removed commenting from our articles. The entire theater chain won't be reopening, which is bad news for film buffs and caramel corn lovers. One of Hollywood's most beloved movie theater chains is shutting down for good. The move affects 22 of Cineplex’s 68 theatres in the province and follows other recent closing that affected 17 Cineplex theatres in Quebec and two in New Brunswick. The COVID-19 pandemic has had a substantial impact on the film industry in 2020, mirroring its impacts across all arts sectors.Across the world and to varying degrees, cinemas and movie theaters have been closed, festivals have been cancelled or postponed, and film releases have been moved to future dates or delayed indefinitely. ArcLight Cinemas Closing Permanently, Including Westfield Montgomery Location by MyMCM. The owner of ArcLight Cinemas and Pacific Theatres says it’s permanently closing many of its locations, including Hollywood’s legendary Cinerama Dome. But Cineplex’s industry peers are raising a red flag about dangers to their business. Pacific Theaters and Arclight Cinemas announced today that its locations are closing permanently as a result of the COVID-19 pandemic. Chicago’s ArcLight Cinemas is closing permanently. The Grove in West Hollywood and the ArcLight at Sherman Oaks host among … Amid all the uncertainty, movie studios have been delaying the release dates of big-budget films including Dune; Top Gun: Maverick; the latest James Bond release, No Time to Die, as well as Marvel’s Black Widow and a new adaptation of West Side Story directed by Steven Spielberg. In particular, they have released a lot of big budget movies on the day of international release to compete with the Hollywood market. This is devastating news for the future of Montgomery Mall, where the third-floor luxury cineplex was the keystone of a nearly-$100 million expansion of the retail center by Westfield over the last decade. A genius team of The Bangladesh Today  has been built with a group of country’s energetic and talented journalists. If you are looking to give feedback on our new site, please send it along to, To view this site properly, enable cookies in your browser. Cineplex’s share price, which had already fallen by nearly 80 per cent since early March, declined by another 30 per cent last week, closing at $4.61 on Tuesday. “When we look at movie-going in general, it simply does not pose the same risk as other indoor services and gatherings,” CEO Ellis Jacob said during the meeting, adding that movie theatres have ample space and high ceilings that make them particularly suited to physical-distancing measures. Sign up today. Besides, Star Cineplex has a branch called ‘Silver Screen’ on the seventh floor of Finlay Square Shopping Mall in Chittagong. Read our. © Copyright 2021 The Globe and Mail Inc. All rights reserved. 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Please log in to listen to this story. We invite everyone to the other branches of Cineplex. The iconic Arclight Cinemas and Pacific Theatres announced they will be keeping their doors closed due to the COVID-19 pandemic. Studios have also been experimenting with releasing movies directly to streaming services, bypassing theatres altogether, as Walt Disney Co. did with Mulan in North America and Britain. We are trying to build a bridge with Bengalis around the world and adding a new dimension to  news . By Zach Long Readers can also interact with The Globe on Facebook and Twitter . From March 20 to April 2, all branches of Star Cineplex were closed. Non-subscribers can read and sort comments but will not be able to engage with them in any way. This article was published more than 6 months ago. This online portal has started to provide real time news updates with maximum use of modern technology from 2002. Mr. Jacob also attempted to put a positive spin on film-release delays, saying that they have positioned 2021 to be a strong year at the box office. The company is also planning to open branches in several other cities of the country soon. Cineplex’s share price, which had already fallen by nearly 80 per cent since early March, declined by another 30 per cent last week, closing at $4.61 on Tuesday. If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. It won the hearts of the people of Dhaka and the movie-loving audience of the whole country. For Cineplex, the show must go on – but can it? Star Cineplex was launched in Bashundhara City Shopping Mall in 2002, it is the first cinema hall in the country with digital and state-of-the-art facilities. “After shutting our doors more than a year ago, today we must share the difficult and sad news that Pacific will not be reopening its ArcLight Cinemas and Pacific Theatres locations,” reads a statement on arclightcinemas.com . After that, some more were closed or sold to Empire Theatres. Arclight Cinemas and Pacific Theatres will close down, a victim of a global pandemic that brought moviegoing to a standstill. A long-time staple for North Shore film fans is rolling the credits. Full Disclaimer. The company put its head office in Toronto up for sale and hopes to close a deal around the end of this year. ArcLight Cinemas is permanently closing all locations after shutting its doors more than a year ago due to the COVID-19 pandemic. ArcLight Cinemas, Pacific Theatres to Close Permanently 4 mins ago Rick Morty Just as the theatrical exhibition industry appeared on the verge of rebounding from the pandemic, some devastating news has been announced that has shaken Hollywood’s movie … There will be no lack of hospitality or sincerity. 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Cineplex has been cutting costs to cope with the revenue losses at its theatres, laying off staff during the summer and imposing permanent salary reductions for full-time staff. Latest & breaking news of home and abroad, entertainment, lifestyle, special reports, politics, economics, culture, education, information technology, health, sports, columns and features are included in it. But there is nothing to do. ‘ At the moment, SKS (Army Welfare Organization) tower in Mohakhali, Dhanmondi’s Simanto Shambhar(Rifle Square) shopping mall Star Cineplex is open for movie lovers. Like all other cinema halls in the country, the multiplex cinema hall Star Cineplex is currently closed due to the situation arising out of the coronavirus. Caption: NBC 10's Tyler Dumont reports that cinemas in Warwick and South Kingstown closed permanently. This is devastating news for the future of Montgomery Mall, where the third-floor luxury cineplex was the keystone of a nearly-$100 million expansion of the retail center by Westfield over the last decade. The people of the country used to know Cineplex as Star Cineplex of this shopping mall. The ArcLight Cinemas and Pacific Theatres are closing all of their locations for good following their business being decimated by the pandemic. “What remains clear in speaking with many of our studio partners, is that they’re committed to the theatrical release of their films and recognize that it’s critical to the long-term financial success of a film,” he said on Tuesday. Showcase's lease with property management was set … Bashundhara City Shopping Mall will never open Star Cineplex again. When all the Cineplex and hall are waiting to open, we heard a bad news. Click here to subscribe. This popular medium of entertainment for the people of Dhaka will be closed here forever. Avoid the use of toxic and offensive language. TBT Report Last week, Cineworld wrote to U.K. Prime Minister Boris Johnson, according to reports, cautioning that the industry was in danger of becoming “unviable” in light of the studios' delays in releasing films. While AMC has opened roughly 83 per cent of its theatres in the U.S., attendance in those theatres has fallen by 85 per cent compared with the same period last year. This cineplex in Bashundhara has been doing business successfully for 18 years by showing local and foreign movies. By Julius Young. Tanzil Rahaman | Published: 17:41, Sep 01,2020 | Updated: 17:44, Sep 01,2020 One of the most popular multiplexes of the country Star Cineplex will not reopen its branch at Basundhara City as its contract with the shopping mall authority expires on October 1. Cineplex Entertainment purchased the theater in 2012, along with several other Canadian AMC megaplexes, bringing the company full circle. Because the authorities of Bashundhara City Shopping Mall have given us a notice to close the cineplex. Like all other cinema halls in the country, the multiplex cinema hall Star Cineplex is currently closed due to the situation arising out of the coronavirus. While the coronavirus (COVID-19) pandemic is improving in the U.S. -- due to 2021's COVID-19 vaccine rollout -- its disastrous side effects on theater chains have not healed quickly enough.. On April 12, ArcLight Cinemas and Pacific Theaters announced they are permanently closing their businesses due to not being able to recover from the financial setbacks that … The home of materialistic news. Follow Susan Krashinsky Robertson on Twitter, I'm a print subscriber, link to my account, Read more about following topics and authors. Due to cinemas and movie theaters closing, … This is a space where subscribers can engage with each other and Globe staff. Follow topics and authors relevant to your reading interests. “Major movie releases that were previously scheduled to be released in the fourth quarter have either been rescheduled for 2021 or slated for direct to streaming in lieu of a theatrical release, leaving a reduced slate of movie releases for the remainder of the year, and release dates may continue to move,” the company said in its filing. Thank you for your patience. FOXBusiness. Comments that violate our community guidelines will not be posted. Arclight Cinemas and Pacific Theatres to close permanently. Due to cinemas and movie theaters closing, … Discussion and debate pandemic has rattled investors Copyright 2021 the Globe and Mail ’ s COVID-19 hot.... Decimated by the Cineplex 's parent company, Decurion Corporation is very difficult and emotional for us too closed... Do anything Playdium facility in Brampton, which is bad news Bangladesh today has been automatically generated has! 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