as of March 2020, 2263 cinema enterprises across the country have written off
Sanyan Finance and Economics on April 9. Today, there are media reports that domestic and foreign investment CGV has recently begun to lay off staff.
according to people familiar with the matter, the proportion of layoffs is about 30%. "several headquarters employees I know have been laid off." another person familiar with the matter said that CGV layoffs mainly involve part-time and some regular employees, but the exact proportion is not clear. CGV is one of the first foreign film investment companies to enter China. In 2006, the company opened its first cinema in China. Ten years later, in 2016, CGV has more than 70 cinemas in China and made a profit in the same year. By the end of 2019, CGV had 141 cinemas in China. in 2019, the total box office of CGV cinemas was 1.75 billion, with an average attendance rate of 10.9%, with an average revenue of 766 yuan per field and 4819 yuan per day. affected by the COVID-19 epidemic in early 2020, cinemas have been unable to resume work, and domestic cinemas, movie shows and cinemas are facing huge operating pressure of zero income. although positive results have been achieved in epidemic prevention and control in China, entertainment venues such as cinemas are still not recommended to resume business. on April 8, the State Council Joint Prevention and Control Mechanism issued a circular emphasizing the implementation of regional and level-by-level prevention and control needs in the light of the current epidemic prevention and control situation, and promoting the gradual restoration of production and life order. It is recommended that closed entertainment and leisure places in low -, medium-and high-risk areas should be closed for the time being, the notice said. according to Sky Eye check, there are 470000 enterprises engaged in cinema-related business in China at present. Since 2010, the registration of cinema enterprises has increased year by year. Among them, it grew steadily from 2010 to 2013, continued to accelerate after 2014, and entered a period of rapid growth in 2017, with a growth rate of 33.2% in that year. but as of February 29th, the number of cinema companies increased by less than 8000, down 25 per cent compared with the same period in 2019. in addition, the sales volume of cinema enterprises has been climbing year by year since 2012, reaching more than 18000 in 2019. As of March 2020, 2263 cinema enterprises across the country have been cancelled. br/ >