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CINEWORLD, PARENT COMPANY OF REGAL CINEMAS TO TEMPORARILY SHUT DOWN VENUES ACROSS U.S. AND U.K.

Cineworld Cinemas, the parent company of Regal Entertainment Cinemas has posted on Twitter earlier today stating that the company may temporarily close its doors as more and more movies have their release dates pushed to 2021 as a result of COVID-19 concerns. The announcement is following Friday’s news that the James Bond film, No Time To Die will be pushed to 2021, according to Variety.

 

The Cineworld Cinemas are expected to begin their closures of 543 Regal Cinema theaters in the U.S. and all theaters across the U.K. within the week at the soonest. The official Tweet from Cineworld is as follows:

 

 

“We can confirm we are considering the temporary closure of our U.K. and US cinemas, but a final decision has not yet been reached. Once a decision has been made we will update all staff and customers as soon as we can.”

— Cineworld Cinemas (@cineworld) October 4, 2020

 

 

Even though the closures are intended to be temporary, it’s still up in the air whether or not they will be able to reopen when it it’s finally safe for them to do so. Cineworld, being the largest movie theater operator in the UK and Regal Cinemas is the second largest domestic theater chain in North America, this would be a certainly devastating blow to the movie theater industry.

 

Now that the blockbusters such as No Time To Die, and Black Widow have been pushed, for the second time, into 2021, Cineworld has discussed a plan to write Prime minister of the U.K., Boris Johnson and Oliver Dowden, the Culture Secretary telling them that to operate their business at this time is “unviable”.

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