EconomyLens.com
No Result
View All Result
Saturday, May 17, 2025
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
EconomyLens.com
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials
No Result
View All Result
EconomyLens.com
No Result
View All Result
Home Business

Iconic Paris cinema shuts in sign of Champs-Elysees decline

Andrew Murphy by Andrew Murphy
June 13, 2024
in Business
Reading Time: 4 mins read
A A
3
26
SHARES
322
VIEWS
Share on FacebookShare on Twitter

The last screening on Wednesday night was 'La La Land' with Emma Stone and Ryan Gosling. ©AFP

Paris (AFP) – The iconic UGC Normandie cinema on the Champs-Elysees in Paris closed its doors Thursday after 90 years — with critics seeing another sign of tourism and fashion sucking the life from one of the world’s most famous shopping boulevards.

Related

French crypto boss hails ‘heroic’ duo for foiling kidnap bid

Ozempic-maker Novo Nordisk says CEO to step down

Thai tycoon surrenders over deadly skyscraper collapse

Take-Two earnings boost delayed along with ‘GTA VI’

Walmart warns of higher prices due to tariffs

Once a preferred spot for gala premieres, the UGC Normandie was one of several grand cinemas on the Champs-Elysees that made the area a hub for film buffs in the 1960s and 70s. But the street long ago lost its cool among Parisians, becoming increasingly dominated by flagship fashion stores and tourists taking snaps of the Arc de Triomphe.

The UGC cinema chain said it faced a “very sharp increase in rent” at the location, which is owned by the Qatari royal family. Two other famed cinemas on the boulevard, the George V and Gaumont Marignan, have closed since 2020.

“The cinema is disappearing in somewhat terrible circumstances for the whole culture,” said a former employee, 22-year-old Yann Raffin, adding that he feels both “sadness” and “anger”. “This avenue is transforming into an avenue reserved for the ultra-rich,” he told AFP.

The last screening on Wednesday night was “La La Land” with Emma Stone and Ryan Gosling, a fitting tribute to Hollywood musicals of a bygone era. Its director, Damien Chazelle, appeared on screen with a special message for the sold-out crowd.

“This room was an extension of my own life, it was a friend and an ally,” said Mehdi Omais, 40, a film journalist, visibly moved. “It’s heartbreaking to see it close and to see this avenue becoming a cemetery of cinemas.”

An auction of the chairs and decor was due on Thursday, including the huge letters on the outside, with proceeds going to a charity that organises screenings for hospitalised children. Paris remains a film-going hotspot and still has more cinemas per head than anywhere in the world, with swanky new theatres opening elsewhere in the city. They include a state-of-the-art Pathe cinema near the Opera Garnier, designed by architect Renzo Piano who created the Pompidou Centre and The Shard in London.

© 2024 AFP

Tags: champs-elyseescinemaParis
Share10Tweet7Share2Pin2Send
Previous Post

Fire at Iraqi oil refinery injures 10: civil defence

Next Post

European stock markets falter

Andrew Murphy

Andrew Murphy

Related Posts

Business

Rome businesses count their blessings with US pope

May 15, 2025
Business

Struggling steel giant Thyssenkrupp’s shares slump after profit hit

May 15, 2025
Business

China warns Panama ports deal firms to ‘proceed with caution’

May 15, 2025
Business

‘Assassin’s Creed’ no saviour for struggling Ubisoft

May 14, 2025
Business

Seeking something new, Airbnb CEO promises ‘perfect concierge’

May 14, 2025
Business

Trump drug price plan could nix investment, warns Roche

May 14, 2025
Next Post

European stock markets falter

G7 to agree $50-bn Ukraine loan at Italy summit

EU queries major porn platforms over child protection

UK's Labour pitches for power with 'wealth creation' pledge

0 0 votes
Article Rating
Subscribe
Notify of
guest
guest
3 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
  • Trending
  • Comments
  • Latest

New York ruling deals Trump business a major blow

September 30, 2024

Elon Musk’s X fights Australian watchdog over church stabbing posts

April 21, 2024

Women journalists bear the brunt of cyberbullying

April 22, 2024

France probes TotalEnergies over 2021 Mozambique attack

May 6, 2024

Ghanaian finance ministry warns against fallout from anti-LGBTQ law

74

New York ruling deals Trump business a major blow

71

Shady bleaching jabs fuel health fears, scams in W. Africa

71

Stock markets waver, oil prices edge up

65

US loses last triple-A credit rating as Moody’s cuts over govt debt

May 17, 2025

US stocks add to weekly gains amid trade deal optimism

May 17, 2025

US Fed plans to cut workforce by 10% in next ‘couple of years’

May 16, 2025

EU tech chief urges US cooperation as key decisions near

May 16, 2025
EconomyLens Logo

We bring the world economy to you. Get the latest news and insights on the global economy, from trade and finance to technology and innovation.

Pages

  • Home
  • About Us
  • Privacy Policy
  • Contact Us

Categories

  • Business
  • Economy
  • Markets
  • Tech
  • Editorials

Network

  • Coolinarco.com
  • CasualSelf.com
  • Fit.CasualSelf.com
  • Sport.CasualSelf.com
  • SportBeep.com
  • MachinaSphere.com
  • MagnifyPost.com
  • TodayAiNews.com
  • VideosArena.com
© 2025 EconomyLens.com - Top economic news from around the world.
No Result
View All Result
  • Home
  • Economy
  • Business
  • Markets
  • Tech
  • Editorials

© 2024 EconomyLens.com - Top economic news from around the world.