Now his brainchild, Vue, has opened its 69th cinema – a … He has three passports, Canadian, American and British. North Staffordshire road closed after tree comes down following a weekend of misery from Storm Alex, Busy South Cheshire road closed due to flooding under railway bridge, The flooding follows heavy rain across the area, Defecating druggies, discarded needles, bin-dippers, and food snatched from takeaway customers - Hanley traders demand action as trouble-plagued city centre goes 'mental'. (A recording of this webinar is accessible via the member dashboard). All Rights Reserved. Tim and his wife Sylvie have supported a number of charities through their family charitable foundation. Top movie premieres expected to return by next year – Vue boss . He hopes to make an acquisition in Europe later this year. It did not specify how many jobs are at risk in the UK; however, on Sunday, the PA news agency understood that 5,500 would be hit. Tim then joined Paramount/Universal in 1990 where he was responsible for business development and legal affairs in 44 international markets, prior to joining Warner Bros. International Theatres in 1994 as Senior Vice President. All Rights Reserved. Overall attendances fell to 54m, but last year were above 174m, a near 6% gain on 2008. "The very first digital movie I saw was Star Wars [the fifth episode was 'filmed' digitally] and it was horrible: there was colour bleeding, lack of definition, pixelisation. Box office in Britain last year topped £1bn for the first time, in defiance of the recession and the growth of internet films, multichannel television and video on demand. The cinema industry hit a nadir in the early 1980s through a lack of investment, but began a long turnaround when the first multiplex opened in Milton Keynes in 1985. A little over a decade later, Vue is among the largest chains in the market, with 69 cinemas across the country. He chose Britain because he thought the market was still relatively underdeveloped at the time. Alison led a number of significant corporate acquisitions and corporate and film financing projects alongside the exit process and sale of the business in 2013. But in 1999 Richards, an affable Canadian, gave that life up to start his own business in Britain. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Overall around 45,000 employees are affected in both countries, as 536 Regal theatres in the US will shut down because of the decision. Value Added Tax No. The Vue cinema chain has push back its reopening date in England to 31 July following the delays Mulan and Tenet. His statement comes after rival chain Cineworld revealed it will close all its cinemas in the UK and the US. Thu 18 Feb 2010 20.01 GMT Glitzy film premieres could return to Leicester Square by next year and cinema-goers will return to socially-distanced screenings at pre-Covid levels in six months, according to the boss of the Vue cinema chain. Richards stayed the course. The movie joins other potential hits such as Black Widow and Wonder Woman: 1984, which have been delayed by the pandemic. In addition to his role as Vue’s chairman, Robbie is a senior advisor to OMERS Private Equity and Infrastructure in Europe and a non-executive director of Associated British Ports Holdings. He is a Chartered Accountant and has an MA in Mathematics from Oxford University. Tim remains instrumental in the business and the day-to-day execution of the Vue International strategy. Prior to joining Terra Firma Robbie held senior finance roles at Vodafone Group plc including group financial controller and chief financial officer of Vodafone’s operations outside Western Europe. "Cameron has proven that 3D is not just flash-in-the-pan; it is here to stay," says Richards. Cineworld said up to 45,000 employees will be affected worldwide as it confirmed plans to temporarily close its theatres in the UK and the US – the cinema giant’s two biggest markets. “In turn, without these new releases, Cineworld cannot provide customers in both the US and the UK – the company’s primary markets – with the breadth of strong commercial films necessary for them to consider coming back to theatres against the backdrop of Covid-19.”. Richards was in Shepherd's Bush to show off Vue's latest addition, a £12.5m investment open for a little over a week, in the glossy Westfield shopping centre. We’re likely going to make it through; I’m concerned about the independents and the small regional operators right now that are going to really struggle and when they close they may not reopen. Richards opened his first cinema in Livingston, Scotland, with backing from private equity firm Boston Ventures. Sometimes they’ll include recommendations for other related newsletters or services we offer. He shrugs off the threat of home entertainment, likening it to the difference between eating at home and going to a restaurant: people do both. 2020. This was an industry that was not broken. Yahoo is part of Verizon Media. It is the LA thing: 'how can you help them?' First published on Thu 18 Feb 2010 20.01 GMT. The transforming deal was when he bought the Warner Village chain of 36 sites in 2003 after spending two years chasing them. If I had missed that paper, who knows what might have happened. I said: 'I am not a threat: I am a nobody, I have one cinema'. I would love to have seen it here, personally. It is not a bad time to be in the cinema business. All the projectors at the Westfield cinema are digital, providing better quality viewing without scratches and blemishes. Yahoo is part of Verizon Media. Pre-bookings now are really strong. ODEON has become the latest cinema chain to make big changes after delays to the release of big films due to the pandemic has left many struggling. The cinema, he says, is the company's most advanced, with 14 screens, including two the size of four double-decker buses, and three kitted out with reclining leather seats, underlit tables, cloakrooms, a champagne bar, a concierge and valet parking (children barred after 8pm).

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