Kinepolis Group

Kinepolis Upbeat about Cinema’s Future

Mon, 11/02/2020 - 10:53 -- Nick Dager

The Kinepolis Group reported on its third quarter financial status last Friday and, despite the ongoing challenges of the global pandemic, CEO Eddy Duquenne remains confident that his company and the cinema business as a whole will survive. “This global crisis is hitting us hard both directly and indirectly,” he said. “On the one hand because of the restrictive measures inside our cinemas and, on the other, because almost all blockbusters have been postponed. I remain positive about the future, as we are seeing that many movie lovers keep coming in spite of everything and feel safe inside the cinema. The fact that the studios are constantly postponing the vast majority of their films until a moment when they can secure their income, proves the importance and value of a cinema release. We are currently in pause mode, but the intermission of this film is lasting longer than foreseen. Fortunately, Kinepolis is in good financial shape.”

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