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Regal Cinemas, the second-largest movie chain in the U.S., will be shutting down all of its locations until further notice amid the coronavirus pandemic. Regal is the second-largest exhibitor in the U.S., after AMC Theatres. On Monday, NBCUniversal said it would be releasing Universal's The Hunt and The Invisible Man and Focus Features' Emma as early as Friday. Regal Cinemas EXCLUSIVE: In sign of what many are expecting is to come for all theaters in the U.S., Regal Cinemas is shutting down all their locations starting Tuesday, March 17 as a … Most stock quote data provided by BATS. Theater chains have shuttered globally as the coronavirus case count has grown. More than a dozen major films, including "Black Widow," "Tenet" and "Wonder Woman 1984," have either been delayed or skipped theaters altogether and gone digital, as in the case of. "When we reopen after this unprecedented and indefinite hiatus, it will be in a dramatically altered world, and in an industry that’s been shaken to its core.". Regal cinemas announced Monday it would be temporarily closing all of its 536 movie theaters in the United States starting Thursday.. That's no surprise. “In response to an increasingly challenging theatrical landscape and sustained key market closures due to the COVID-19 … Cineworld's decision to close its theaters again has renewed fears about the ability of the company to survive the pandemic and its shares plummeted more than 42% in London on Monday. When Regal moved jobs from the company's Denver office to Knoxville in 2018, it said it added to the local employee base by 12%. Following the delay of the new James Bond film and other major releases, the theater chain is temporarily closing down, possibly for good. 536 Regal Cinemas locations are closing in the United States. Regal Cinemas, the second-largest movie theater chain in the country, will temporarily close all of its United States locations, impacting 40,000 employees nationwide. Three days after announcing plans to reduce theater attendance by 50%, Regal Cinemas announced that it will be closing all theater locations, effective … Regal Cinemas closing all U.S. theaters because it really needs the blockbusters, CEO says. Even after movie theaters began to … Regal, which is owned by Cineworld, will be closed beginning Tuesday. In a statement released on Monday, the company said it could not provide customers "with the breadth of strong commercial films necessary for them to consider coming back to theaters against the backdrop of Covid-19. Cineworld Group, the owner of Regal Cinemas, will suspend operations at all of its theaters in the United States and the United Kingdom beginning on Thursday. March 16, 6:20 p.m. PST Updated with Alamo Drafthouse note, and earlier Landmark Theatres and Showcase Cinemas statements. The circuit's most popular destination is in West Los Angeles, a haven for Oscar voters. Disclaimer. Cineworld — the parent company of Regal Cinemas — confirmed Monday it will cut more than 45,000 jobs as it shuts all U.S. theaters, Reuters reports.. Cineworld confirmed rumors of closing its screens in a statement to Variety. We value our movie-loving customers and have no doubt we will be serving them again as soon as possible with a full slate of Hollywood blockbusters," the executive added. By Adam Barnhardt - November 9, 2020 08:50 pm EST. SHARE. TWITTER Regal will continue to update the status of all theaters on its mobile app and online. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. All rights reserved. Regal Cinemas Closing 13 Maryland Theatres, Suspends All US Operations Temporarily. Later on Monday, popular indie chain Alamo Drafthouse said it was temporarily shuttering all but one of its 42 sites in the U.S. "Goodbye for now. Cinema Action Group, a collective of Cineworld employees in the United Kingdom. "Any time, at any Regal, it's our goal to provide a safe and healthy environment for our employees and guests," Cineworld CEO Mooky Greidinger said Monday in a statement. All rights reserved. Do Not Sell My Personal Information Cineworld closes its screens. All Regal Cinema theaters closing on Oct. 8 until further notice Share By: Brianna Chambers, Cox Media Group National Content Desk Updated: October 5, 2020 - 10:44 AM The circuit operates 543 theaters across the country. National Amusements, which owns Showcase Cinemas theaters in Connecticut, Massachusetts, New York, Rhode Island and Ohio, said it would be closing locations as of Monday evening, "with operations expected to resume by April 7.". Earlier on Monday, AMC Theatres, the nation's largest circuit with 630 locations in the U.S., said that it would be instituting a policy that does not allow for more than 50 people in its theaters at the same time, per new guidance from the CDC. The chain has 17 locations in Ohio. Regal Cinemas just couldn’t weather the pandemic- The parent company, Cineworld Group, announced the temporary closure of more than 530 U.S. theaters, including the location in Trussville due to a lack of customers. TWEET. Regal Cinemas owner Cineworld is closing all movie theaters in the U.S. after James Bond film "No Time to Die" was delayed until 2021. All rights reserved. Key Points. Regal Cinemas Closing Remaining Locations Despite COVID Vaccine News. "At some point, you have to stop the bleeding," says one exhibition source in regards to trying to stay open as moviegoing plummets. WESTLAKE, OH — Regal Cinemas will close its 543 theaters in the United States Thursday due to continued revenue losses from the coronavirus pandemic. Erik Hayden Cineworld, the parent company of Regal Cinemas, confirmed it will close all theaters in the U.S. and the U.K. Thursday for an unspecified amount of time. Regal theaters had recently reopened in some areas in August after shutdowns due to the coronavirus pandemic. Regal Cinemas owner seeks rescue package and considers permanently closing some theaters as chain struggles to survive pandemic. by Days earlier, Disney shortened its home entertainment window for Frozen 2 by three months to debut the tentpole on its Disney+ streaming platform. Factset: FactSet Research Systems Inc.2018. 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Regal Cinemas Temporarily Closing Theaters Thursday, Including 8 In Chicago Area By CBS 2 Chicago Staff October 8, 2020 at 5:44 am Filed Under: Chicago , Coronavirus , … FRESNO, Calif. (KFSN) -- Regal Cinemas will close the last 18 movie theaters the chain left open, including Fresno's Manchester Center location. 1:49 PM PDT 3/16/2020 Sources tell The Hollywood Reporter they expect most, if not all, cinemas in the U.S. to follow suit and go dark in the coming days, much as in Europe and parts of Asia. California Privacy Rights | On Monday, the company was not able to say when its theaters might next be operational. Owner Cineworld Group PLC is reportedly in … Regal Cinemas closing all US locations. Regal is the second-largest film exhibitor in the U.S., after AMC Theatres. Regal Cinemas is officially closing all of its locations in the U.S. and U.K., according to a recent statement from Regal's parent company, Cineworld Group. EMAIL. By CBS Baltimore Staff October 5, 2020 at 2:22 pm. Regal theaters parent company Cineworld has announced it will cut 40,000 jobs and close 536 theaters in the United States amid the coronavirus pandemic. “Any time, at any Regal, it… Over the summer, Cineworld — which owns Regal — opened theaters where permitted. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Regal Cinemas, the nation's second-largest theater chain, will close its doors across the country as the film industry continues to be hard hit by the coronavirus pandemic. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Movie theaters are reopening. Published Mon, Oct 5 2020 1:35 PM EDT. "At this time, we have made the difficult decision to close our theaters. As of Monday, there were 181,127 confirmed cases of coronavirus globally and 4,287 in the U.S., per John Hopkins University's case tracker. More:Is Regal cinemas closing near you? "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," CEO Mooky Greidinger said in a statement. EMAIL ME. Kevin Stankiewicz @kevin_stank. 2 min read. FACEBOOK Some 45,000 employees are affected. The closures will affect 45,000 employees. New York/London (CNN Business)Cineworld Group, the owner of Regal Cinemas, will suspend operations at all of its theaters in the United States and the United Kingdom beginning on Thursday. This year has seen the release of big Hollywood productions severely mitigated by the pandemic, such as a highly anticipated Tenet, Mulan, and Wonder Woman 1984. Regal Cinemas, the second-largest movie chain in the U.S., will be shutting down all of its locations until further notice amid the coronavirus pandemic. SHARE. Some 70,000 theaters have been shut down in China for weeks, while chains across Europe have closed within the past several days. , Major theater chains had tried to adjusted their protocols multiple times amid the fast-moving coronavirus pandemic, but closure has become almost inevitable. It is the world's second largest movie theater business after. Share 0 Comments. The Hollywood Reporter is part of MRC Media and Info, a division of MRC. Privacy Policy | News of the shutdown came as a surprise to many Cineworld staff. AdChoices | Regal’s parent company Cineworld is closing 536 US cinemas, and 127 Cineworld and Picturehouse cinemas in the UK starting Thursday, October 8th. All told, cinemas are dark in at least 32 markets, while there are partial closings in another 16, including in the U.S., where closures began to be announced in earnest over the weekend. By Jazmin Goodwin and Charles Riley, CNN Business. The move by Regal followed a White House press conference in which guidance was given for Americans to avoid social gatherings of more than 10 people. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Terms of Use | Regal Cinemas, which operates 543 locations in the United States, will be shutting down all of its movie theaters starting Tuesday due to the Coronavirus pandemic. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Sitemap | Regal Cinemas is suspending all movie theater operations in the U.S. later this week, impacting nine locations in Illinois in Chicago, Bolingbrook, Lake Zurich and Crystal Lake. Regal Cinemas Temporarily Closing All 536 Locations; 45,000 Employees Impacted By Elisabeth Smith October 5, 2020 at 6:14 pm Filed Under: Coronavirus , Regal Cinemas © 2020 The Hollywood Reporter Duration: 02:33 10/5/2020. Landmark Theatres — the country's largest independent chain dedicated to specialize fare which operate 49 theaters in 27 markets — said the chain will be temporarily closed as of Monday. After closing for several months during coronavirus lockdowns, the group had started reopening cinemas in July with new safety protocols in place. SHARE. A wave of cinema chains announced closures throughout the afternoon and evening. Regal is the first U.S. circuit to make a blanket announcement. | Cookie Settings. As theaters shut down or dramatically scale back the number of ticket buyers for screenings, studios are delaying high-profile films and, in the case of NBCUniversal, releasing current movies on demand. ", The group owns 127 theaters in the United Kingdom, including Picturehouse Cinemas, and 536 theaters in the United States. Pamela McClintock Regal Cinemas says its movie theaters in California and New York will be temporarily closing once again. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Regal Cinemas is reportedly getting closer to forming an agreement with Universal Studios, joining other large movie theater companies with similar theater to digital release agreements. Cineworld Group Plc said Monday that 536 Regal cinemas in the U.S. and 127 Cineworld and Picturehouse venues in the U.K. would close on Thursday. Regal Cinemas Closing Down Remaining New York & California Locations EXCLUSIVE: For all the headlines today that everything is coming up roses with exhibition after Pfizer’s good news about a COVID-19 vaccine, Regal Cinemas, will shutter the 18 locations the chain left open in New York and California, effective Thursday. But we'll be back," read a notice on the company's website.

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