: All planned events were immediately cancelled, including highly anticipated opening-week screenings of Avatar: The Way of Water .
The sudden shutdown had immediate consequences for Zurich’s cultural scene:
: Zurich lost six state-of-the-art cinema screens, including a high-end Dolby Atmos auditorium, as well as a large bistro, bookshop, and event forum.
In May 2023, it was announced that the would take over the former Kosmos building:
: The board concluded the existing business model was structurally flawed.
A new board of directors, which took over in September 2022, determined that sustainable financing was no longer viable for the following reasons:
: Personnel expenses and the "oversized" nature of the venue made it impossible to run profitably in its current form, despite the cinema itself performing above the national average.