CRYSTAL Peaks' UCI cinema is to shut down next month, the first closure in the company's history.
The closure is a result of competition from the 20-screen UGC cinema at Valley Centertainment, Attercliffe and Warner Brothers' cinema at Meadowhall.
Sheffield's first ever 10-screen cinema, seating more than 2000, shows its last film on March 20.
UCI public relations manager Leanne Chenery said: "It's the first closure in UCI's history. In the end we had to see it as an opportunity which could benefit the company overall," she said.
"But, of course, it has a direct impact on the people who work there and talks are taking place to try and redeploy as many staff within the UCI group as possible."
The cinema opened 14 years ago and became UCI's second busiest cinema on their circuit. Ms Chenery said that by 1997 it became one of the quietest.
It saw a glamorous premiere of Sheffield's most famous film - The Full Monty.
It is anticipated the site will be redeveloped and turned into shopping space.