SHARE
COPY LINK

ECONOMY

Paris cinema that stayed open during the war closes due to coronavirus

One of France's most iconic cinemas is to shut its doors for the month of August because so few people want to risk seeing movies on the big screen in times of coronavirus.

Paris cinema that stayed open during the war closes due to coronavirus
The Grand Rex cinema in Paris will close its doors in August. Photo: AFP

Managers at the enormous Grand Rex in the centre of Paris – which remained open throughout World War II – said Monday Hollywood studios were also to blame for holding back the release of so many of its summer blockbusters.

The Federation of French Cinemas said Monday the double whammy was crippling the industry as they demanded state aid to help them through the crisis.

“Between the drop in admissions (because of the coronavirus) and the lack of fresh American films that traditionally are a big summer draw, we have decided to close our doors from August 3rd,” the Grand Rex's manager Alexandre Hellmann told AFP.

“We will lose less money by closing than by staying open with this depressing box office,” he added.

With 2,700 seats, the seven-screen Grand Rex's largest theatre is one of the biggest in Europe with a 300 square-metre screen.

Many French cinemas have been all but empty since they were allowed to reopen after an eight-week lockdown last month. 

The cinema federation appealed to banks and landlords to give their members leeway, saying it was “absolutely necessary that the government also take urgent action to refinance” the sector.

Blockbusters pulled

Social distancing rules means cinemas are only ever allowed to be half full.

And audiences have mostly stayed away despite a poll finding that nearly a third of the country's population was keen to get back in front of the big screen.

Several cinema managers told AFP that the postponement of “Top Gun 2”, “Wonder Woman 1984” and Christopher Nolan's spy drama “Tenet”, as well as the Disney big-budget family movie “Mulan”, had helped kill the buzz they were counting on to draw people back.

“It is much tougher than we imagined,” said Aurelie Delage, manager of the six-screen Cinemascop Megarama at Garat in western France.

It is so grim in fact that “I am not looking at the figures,” she told AFP.

“This can't last.”

But the lack of competition from Hollywood has helped some smaller French films make an impact at the box office, with the comedies “Divorce Club” and “Tout simplement noir” (“Very Simply Black”) helping to push admission through the one-million barrier last week for the first time since the end of the lockdown.

Several big French releases have also been put back to September and beyond.

A study last week showed the French box office down almost 70 percent on the same period last year with only arthouse cinemas bucking the trend.

Yet the traditionally cinephile French have still been far more enthusiastic about returning to cinemas than their neighbours.

German cinema entries are down to just 17 percent of normal levels and the situation in Spain is even more catastrophic at just 13 percent, according to the Comscore study.

 

 

Member comments

Log in here to leave a comment.
Become a Member to leave a comment.

ECONOMY

French economy beats growth forecast in first quarter

The French economy grew more than expected in the first quarter, official data showed on Tuesday, delivering good news to a government facing scrutiny over the country's huge debt pile.

French economy beats growth forecast in first quarter

The eurozone’s second biggest economy expanded by 0.2 percent between January and March compared to the previous quarter, according to the INSEE statistics institute, which had previously forecast zero growth.

“To all those who want us to believe that our economy is at a standstill: facts are stubborn. French growth is progressing,” said Economy Minister Bruno Le Maire.

“This is a new sign showing the solidity of our economy,” he said, adding that the “government’s strategy is paying off.”

France’s budget deficit has overshot government estimates, undermining President Emmanuel Macron’s pledge to bring national finances back on track within the next four years.

Ratings agencies have cast doubt on the government’s debt reduction target.

The public deficit widened to 5.5 percent of gross domestic product in 2023. The government aims to reduce it to three percent by 2027.

READ MORE: How France’s bid to tackle ‘wild’ budget deficit could impact you

French debt has grown to 110.6 percent of GDP — the third biggest ratio in the European Union after Greece and Italy.

SHOW COMMENTS