On Monday, the world’s second-largest cinema chain, Cineworld, decided to temporarily shut down its UK and US cinemas in an attempt to survive a collapse in cinema and film production.
The credit rating agency Fitch quickly downgraded the company.
“Our baseline forecast indicates that the company’s current liquidity levels will only be sufficient from November to December 2020, assuming no revolving credit facility (RCF) extensions,” Fitch said in a statement.
Previously, the shooting of The batman was also shut down for two weeks after a production member – widely reported as Pattinson – tested positive for the new coronavirus. Filming resumed in Britain last month and Warner Bros. has never confirmed or denied the information about Pattinson’s diagnosis.
Dune has gained a lot of popularity for its cast which includes Timothee Chalamet, 24, who was nominated for an Oscar for his role in the 2017 film Call me by your name.
Other big budget Warner Bros. movies that have been delayed for release include Principe and Wonder Woman 1984.
The release of the new James Bond film No time to die Universal Pictures by MGM and Comcast Corp has also been delayed until April 2021.