Cineworld, the world’s second-biggest cinema operator, said it was considering a temporary closure of all its sites in the U.S. and UK
LONDON - Cineworld, the world’s second-biggest cinema operator, said it was considering temporarily closing all its screens in the United States and Britain after studios pulled major releases such as the latest James Bond film.The Regal cinema owner, which began reopening in July after COVID-19 lockdown restrictions started to ease, employs 37,482 people across 787 venues in the U.S., Britain and central Europe, with 546 sites in America.
Earlier, a person familiar with the situation had gone further, saying Cineworld would close all its U.S., UK and Ireland screens this week. It warned investors on Sept. 24 that it might need to raise more money if its sites were forced to shut again, after it swung to a $1.64 billion first-half loss. Its shares have fallen 82% this year.
Cineworld had said viewers returned to watch “Tenet”, a Christopher Nolan spy thriller that became a test case for the wider industry when it became the biggest release to open in cinemas in late August since schedules were torn up in March.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cineworld to Close All Regal Cinemas, U.K. Venues in Response to ‘No Time to Die’ DelayCineworld is shuttering all 543 of its Regal Cinema venues in the U.S. and all cinemas across the U.K. and Ireland this coming week, just a day after James Bond film “No Time to Die” was pushed to …
Read more »
Cineworld Chain, Owner Of U.S. Regal, Closing Cinemas In Wake Of ‘No Time To Die’ PostponementIn response to MGM’s No Time to Die moving out of the Thanksgiving corridor to Easter weekend 2021, Cineworld is closing down 128 of its UK and Ireland cinemas as well as its U.S. Regal chain…
Read more »
Mega-Chain Cineworld Closing Regal Movie Theaters Following 'No Time to Die' DelayFollowing the delay of more Hollywood tentpoles — including James Bond film 'No Time to Die' — mega-movie theater chain Cineworld is planning to close all of its locations in the U.K. and the U.S. as early as this week
Read more »
Regal Cinemas Likely Suspending Operations at All U.S. LocationsThe second-largest cinema chain in America is likely to close indefinitely all its U.S. locations, after reopening in August, according to a person familiar with the plans, escalating the pandemic-driven crisis faced by the entertainment industry.
Read more »
Cineworld Chain, Owner Of U.S. Regal, Closing Cinemas In Wake Of ‘No Time To Die’ PostponementIn response to MGM’s No Time to Die moving out of the Thanksgiving corridor to Easter weekend 2021, Cineworld is closing down 128 of its UK and Ireland cinemas as well as its U.S. Regal chain…
Read more »