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We will post an update on our website and social channels as well as sending an email to our Regal Crown Club and Unlimited subscribers. Disclaimer. MGM, Eon Productions and Universal Pictures last week said they would push back the James Bond movie “No Time to Die” to April, abandoning the 007 film’s Nov. 20 post. Struggling Regal Cinemas plans to temporarily close all of its U.S. movie theaters, including 11 in New Jersey, according to multiple reports. Greidinger put it bluntly: “Despite our work, positive feedback from our customers and the fact that there has been no evidence to date linking any COVID cases with cinemas, we have not been given a route to reopen in New York, although other indoor activities — like indoor dining, bowling and casinos were already allowed.”. "In response to an increasingly challenging theatrical landscape and sustained key market closures, Regal will suspend operations at all theatres at close of … New York’s iconic Regal Cinema on 42nd St. These closures will … With New York closed and Greater Los Angeles only partly reopened (Orange County now allows theaters to operate), cinemas remain shuttered in areas representing about 30% of annual box office sales. Cineworld’s decision came after Hollywood studios continued to delay their big films, which theaters need to survive. Ted Shaffrey, Associated Press Cineworld — the parent company of the Regal Cinemas movie theater chain in the United States — will close all its venues in the U.S., U.K. and Ireland this week, Variety reports. Watch The Latest Trailers! How ‘Wonder Woman 1984' tailored Kristen Wiig’s Cheetah role just for her, Gal Gadot knows this year was rough. Movie theaters are reopening. The parent of Regal Cinemas will temporarily shutter its more than 500 U.S. theaters Thursday, as well as its 127 Cineworld and Picturehouse locations in … Regal Cinemas To Close Movie Theaters Temporarily Again (CBS/CNN) — 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. L.A. County is probing whether a new, more contagious COVID strain is spreading locally. The company that owns Regal Cinemas said it may be forced to close … Regal Cinemas might be closing all 543 of its theaters in the United States as early as this week due to continued revenue losses from the coronavirus pandemic. The closures will affect 45,000 employees. He previously wrote for the Los Angeles Business Journal and Bloomberg News. Will there be any new films to show? James Bond studio MGM is exploring a sale. The U.K is grappling with a rapid rise in COVID-19 cases while keeping its critically important film industry afloat. Wold, in his note, expressed concern that continued film delays could do permanent damage to the theater industry. She hopes ‘Wonder Woman 1984' will end it on a high. The decision for Regal, the nation and world’s second-largest chain, is just the latest sign of how dire the situation is for multiplexes in the U.S. Andrew Cuomo to speed the reopening process, given the state’s relative success in mitigating the spread of the virus. Horn, a respected executive who was named chairman of Walt Disney Studios in 2012, will remain at the company as chief creative officer. How the plus sign won the streaming wars. Credit ratings agency S&P Global last week lowered its debt rating on AMC to CCC- from CCC, indicating that the heavily leveraged company would continue to struggle with attendance levels depressed. Studios have long relied on big bursts of revenue from premiering films in as many theaters as possible. Regal Cinemas is closing all 44 theaters in New York indefinitely, according to parent company Cineworld. By Jazmin Goodwin and Charles Riley, CNN Business, Updated 0844 GMT (1644 HKT) October 5, 2020. The move sent a jolt through the exhibition community, prompting a Monday self-off of theater stocks on Wall Street. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Cinema Action Group, a collective of Cineworld employees in the United Kingdom. Ryan Faughnder is a film business reporter for the Los Angeles Times’ Company Town, covering the major Hollywood studios, including Walt Disney Co. 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Obituaries, once reserved for warm remembrances of the deceased, are including passionate and sometimes angry warnings about the dangers of the coronavirus and failures of government officials. Warner Bros. announced that it would fast-track development of ‘Wonder Woman 3' after the newly released ‘Wonder Woman 1984' did better than expected at the box office. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. 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. Most of my 20s were wasted on rummaging through the miserable wreckage that is the L.A. dating pool. But will they have new movies to show? “The studios have much firmer ground to stand on than the exhibitors and it is up to the studios to not completely abandon a major distribution window,” Wold wrote. In the latest sign of the movie industry’s poor condition amid a lack of new films, Regal Cinemas parent company Cineworld dropped a bombshell over the weekend that the British exhibitor would temporarily close operations at all 536 of Regal’s U.S. theaters on Thursday. Trump’s repeatedly discredited attempt to overturn the November results has been given continued sustenance by the Fox News star. Regal cinemas to close down temporarily, impacting 45,000 jobs. “But if the studios continue to push out the release window, there may not be anything around when they are ready.”. In a surprise move, the owner of Regal Cinemas theaters in the United States says it will close those venues in the coming week, according to a report from the … The world's second-biggest cinema operator made the move after studios pulled … Alex Scott/Bloomberg via … Some … Disney previously postponed its Marvel movie “Black Widow” to next year. The second largest cinema chain in the US is temporarily closing its doors nationwide. Some 40,000 Regal theater employees are now facing a furlough across the U.S. after the movie chain announced it's closing all locations. Cineworld 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 … How will you let customers know when theatres are up and running again? The Regal Irvine Spectrum opened recently with a pricey renovation. Cuomo senior advisor Richard Azzopardi pushed back on the notion that New York was to blame for the theater industry’s struggles. See reviews, photos, directions, phone numbers and more for Regal Theatres locations in Phoenix, AZ. Regal is the second-largest exhibitor in the U.S., after AMC Theatres. That’s why Regal’s parent company Cineworld could be closing all of its U.S. locations. Theaters have pleaded with studios to stick to their planned release dates anyway to little avail. of Theatre Owners last week sent a letter to congressional leaders calling for federal financial relief. Nonetheless, Eric Wold, an analyst at B. Riley FBR who follows the exhibitors, said in a research note that studios should consider the long-term consequences of letting theaters flounder without new product. "‎We understand some people are unhappy but you know what? More Rewards Your Way! The closures will affect 45,000 employees. Regal Closing 13 Maryland Theaters, All Nationwide, Temporarily - Bel Air, MD - Regal plans to suspend operations at 13 theaters in Maryland indefinitely, according to … Disney studio cochairman Alan Horn passes reins to Alan Bergman. Studio Movie Grill: The chain's one Arizona location — in Scottsdale — is closed until further notice. Cineworld Group Plc. 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