Regal to Close all Cinemas

Cineworld, the world’s second-biggest cinema operator, will close all its screens in the United States, Britain and Ireland this week after the latest James Bond film’s release was postponed to next year. 

In the US Cineworld runs 546 Regal Cinema theaters that started to re-open in August. 

Globally, Cineworld employs 37,482 people across 787 venues in the US, Britain and central Europe.

On Friday the release of the new James Bond movie No Time To Die was pushed to April 2021. The delay, along with other postponed blockbuster releases, crushed hopes for a 2020 industry rebound as rising rates of the coronavirus prompt new restrictions and keep viewers away, a person familiar with the matter said.

While bigger chains like AMC Entertainment, Cineworld and others have reopened many locations, crowds have been thin. Small and mid-sized theatre companies have said they may not survive the impact of the pandemic.

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