US – Regal Cinemas will close following a statement from owner Cineworld on Monday. This news comes after a brief statement at the beginning of the month when Cineworld said on Twitter, “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,” on October 4th.
Now the company says that they will close 500 Regal Cinema locations in the U.S., along with 127 Cineworld and Picturehouse venues in the U.K. on Friday.
The company says that a challenging theatrical landscape and sustained key market closures due to COVID-19 have hurt their business.
This is not a decision we made lightly, and we did everything in our power to support safe and sustainable reopenings in all of our markets – including meeting, and often exceeding, local health and safety guidelines in our theaters and working constructively with regulators and industry bodies to restore public confidence in our industry,″ said Mooky Greidinger, CEO of Cineworld.
The move comes just after planned blockbuster “No time to Die,” Newest James Bond Movie was pushed from a November release to a April 2021 release due to pandemic.
— Regal (@RegalMovies) October 5, 2020