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Following recent theater lockdowns in France and Germany, the International Union of Cinemas cited the need for immediate support for cinema employment and its €8.8 billion box office.

The figure reflects a 91% quarterly revenue decrease for the movie theater chain. The losses occurred despite the company's attempt to reopen theaters with a 20-40% restricted seating capacity.

The VR social experience will feature 100 select voices and a series of events, which include an immersive theater, escape rooms, art installations, and puzzles via the Oculus Quest headset

The second largest U.S. cinema chain announced the decision due to the ongoing pandemic and lack of new Hollywood releases, as well as the new Bond movie “No Time to Die” release delay.

Thanks to this new deal, subscribers will get access to the greatest international venues from all around the world: opera houses, concert halls, festivals, dance theaters and jazz clubs.