Cineworld in the UK is closing all screens permanently due to the Coronavirus impact resulting in 5,000 job losses and many other chains globally are deeply affected. The postponement of the new James Bond film seems to have a devastating knock-on effect and is the final straw for many companies it appears. The film producers itself may also regret that move with potential limited locations and low capacity screenings for when it does finally launch in November.
Could this be the beginning of the end for cinemas altogether? They were becoming very expensive despite some weekly offers from some chains, plus there are plenty of other means to watch new movie releases soon after whether it be from discs or streaming. Whilst it's nice to go out and watch something on the big screen, it's becoming less viable and attractive especially with things becoming so expensive and accessible through other means.
I don't want to see cinemas die out but it is going to be very hard for them to recover due to the chain of issues the virus situation has caused.