A new board of directors, which took over in September 2022, determined that sustainable financing was no longer viable for the following reasons:
: The center struggled under a heavy debt burden that it could no longer service. Immediate Impact of Closure
: Frame continues to function as a year-round cinema, showing a mix of mainstream blockbusters, arthouse films, and documentaries. KOSMOS ZURICH, Švícarsko | News - KV2 Audio 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"
: 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. A new board of directors, which took over
: All planned events were immediately cancelled, including highly anticipated opening-week screenings of Avatar: The Way of Water .
: 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" : Zurich lost
The sudden shutdown had immediate consequences for Zurich’s cultural scene: