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Regal Cinemas parent company Cineworld announced on Oct. 5 that it would temporarily close its 536 US theaters as a result of the ongoing COVID-19 pandemic.


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The COVID-19 pandemic’s impact on the movie business is leading to the temporary closure of Regal’s 536 US theaters, the theater chain’s parent company Cineworld announced on Monday. 

“This is not a decision we made lightly, and we did everything in our power to support a safe and sustainable reopening in the U.S.– from putting in place robust health and safety measures at our theatres to joining our industry in making a collective commitment to the CinemaSafe protocols to reaching out to state and local officials to educate them on these initiatives,” Mooky Greidinger, CEO of Cineworld, said in a statement. 

“We are especially grateful for and proud of the hard work our employees put in to adapt our theatres to the new protocols and cannot underscore enough how difficult this decision was.”

The company attributed the decision to the closure of theaters in major markets like New York and the decision of studios to push off major new releases until next year. Recent postponements include Marvel Studios’ Black Widow being pushed to May 7, 2021, while this past Friday saw the next James Bond film, No Time to Die, getting delayed until next April

“Despite our work, positive feedback from our customers and the fact that there has been no evidence to date linking any COVID cases with cinemas, we have not been given a route to reopen in New York, although other indoor activities – like indoor dining, bowling and casinos were

(RTTNews) – Cineworld Group plc (CINE.L) confirmed Monday that it will temporarily suspend operations at all of its 536 Regal theatres in the US and its 127 Cineworld and Picturehouse theatres in the UK from Thursday, October 8. These closures will impact approximately 45,000 employees.

The decision was based on an increasingly challenging theatrical landscape and sustained key market closures due to the COVID-19 pandemic.

In the U.S., major markets, mainly New York, remained closed. Without guidance on reopening timing, studios have been reluctant to release their pipeline of new films.

Without these new releases, Cineworld said it cannot provide strong commercial films for customers in both the US and the UK, its primary markets, necessary for them to consider coming back to theatres amid Covid-19.

Mooky Greidinger, CEO of Cineworld, said, “….Cineworld will continue to monitor the situation closely and will communicate any future plans to resume operations in these markets at the appropriate time, when key markets have more concrete guidance on their reopening status and, in turn, studios are able to bring their pipeline of major releases back to the big screen.”

As announced earlier, the company is assessing several sources of additional liquidity and all liquidity raising options.

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