Cineworld is shuttering all 543 of its Regal Cinema venues in the U.S. and 128 of its cinemas across the U.K. and Ireland this coming week, just days after James Bond film “No Time to Die” was pushed to April 2021. https://t.co/5ntDO8C1mk— Variety (@Variety) October 4, 2020
UK cinema chain Cineworld has announced that it is closing all 543 Regal Cinema theater locations they own across the United States and the 128 Cineworld Cinema theaters across the UK and Ireland this upcoming week.
This news comes after MGM announced No Time to Die was delayed until April, leaving the release calendar without any major studio films until mid-December. Without major releases bringing audiences to cinemas, continuing to stay open and bleed money is unviable.
Regal is the second-largest theater chain in the US and Cineworld is the largest in the UK.
Movie theaters have struggled over the past month in the US after reopening. Many were hoping that Christopher Nolan's Tenet would help reignite movie-going, but the public decided otherwise.
The was no indication of a reopening date.