2022---kosmos-in-zurich--kulturhaus-files-for-bankruptcy < UPDATED CHEAT SHEET >
In May 2023, it was announced that the would take over the former Kosmos building:
: The venue reopened on September 28, 2023, under the new name Frame .
: All planned events were immediately cancelled, including highly anticipated opening-week screenings of Avatar: The Way of Water . 2022---Kosmos-in-Zurich--Kulturhaus-files-for-bankruptcy
: The closure occurred during a period of rising bankruptcies in Switzerland; in 2022, bankruptcies in the Zurich region alone increased by 38% . The Venue's Rebirth as "Frame"
: The space is now operated by Spoundation Motion Picture AG , the agency behind ZFF, which rents the facility from SBB Real Estate. In May 2023, it was announced that the
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. The Venue's Rebirth as "Frame" : The space
: The board concluded the existing business model was structurally flawed.