Some 45,000 employees are affected. Cineworld had also been highly leveraged, having largely funded its acquisition of Regal Entertainment in 2018 through debt. Find out how to advertise with Regal and our community affairs. Home About Regal. Election Day could turn into "Election Week" with rise in mail ballots, Regal Cinemas to close theaters indefinitely, Trump says "don't be afraid of COVID" as U.S. deaths top 210,000, N.Y. governor orders schools in 9 coronavirus hot spots to close, $2.2 trillion HEROES Act would provide second stimulus check, Man removed from flight after fight over refusal to wear mask. About Regal. Powered and implemented by FactSet. ", First published on October 5, 2020 / 12:25 PM. Live updates: Trump back at White House after being discharged from Walter Reed, Software entrepreneur John McAfee charged with U.S. tax evasion, White officer arrested in fatal shooting of unarmed Black man, Conservative judicial group assembles team of lawyers to boost Barrett, 3 killed after stairwell collapse in Houston; bodies not recovered, China, Russia and white supremacy top DHS' first public threat assessment, Doctors say Trump may not be "out of the woods", Hurricane Delta could slam Mexico's Yucatan as Category 4 storm, American, 2 others win Nobel in Physics for black hole discoveries, Battleground Tracker: Latest polls, state of the race and more, 5 things to know about CBS News' 2020 Battleground Tracker, CBS News coverage of voting rights issues. Shares in the company that owns the Regal, Cineworld and Picturehouse movie theaters fell as much as 58% after it said it will temporarily close the venues because delays to the latest James Bond film left it with few blockbusters to attract customers during the pandemic. "Top Gun: Maverick" and the James Bond thriller "No Time to Die" have both been postponed until 2021, while "Wonder Woman 1984," originally slated for release this month, is scheduled to debut in theaters on December 25.
This material may not be published, broadcast, rewritten, or redistributed. The news comes just a day after the James Bond movie No Time to Day was given another delay to April 2021, taking away another anticipated blockbuster from an expected release in 2020.
However, those in the country's top markets, Los Angeles and New York, remain closed.
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"Today the company confirmed they will be assessing their liquidity options, and it plans to update the market on the resumption of business in due course,'' he said. Cineworld shares fell as low as 15.64 pounds in London and were down 31% from 27.41 in morning trading. How do I vote in my state in the 2020 election? October 5, 2020 / 12:25 PM Shares in the company that owns the Regal, Cineworld and Picturehouse movie theaters fell as much as 58% after it … / CBS/AP.
News provided by The Associated Press. Fandango entertains and informs consumers with trailers, original video content, reviews, commentary, and celebrity interviews, and offers the ability to quickly select a film, plan where and when to see it, and conveniently buy tickets in advance.
The industry had been rocked by the pandemic — first being closed for months and then operating at a fraction of previous capacity, said David Madden, analyst at CMC Markets.
Visit our website or call 1-800-724-MOVIE to advertise with Screenvision Media, a national leader in cinema advertising. Copyright © 2020 CBS Interactive Inc. All rights reserved. Regal Cinemas to close theaters indefinitely 01:07. Battleground Tracker: Trump and Biden even in Ohio, as Biden leads in PA, With more mail-in ballots, officials urge patience on election night, Americans and the right to vote: Why it's not easy for everyone, Why some mail-in ballots are rejected and how to make sure your vote counts. Theaters are faced with a … Advertise in Our Theatres. ", Without these releases, the company can't give customers "the breadth of strong commercial films necessary for them to consider coming back to theaters against the backdrop of COVID-19.". Cineworld said that with major markets such as New York closed and no guidance on when they will reopen, "studios have been reluctant to release their pipeline of new films. Theaters that are operating are limiting audiences to a maximum of 50% capacity to distance moviegoers from one another. "It seems that Cineworld is hunkering down and they are holding onto their current liquidity position, with the view to probably having a reduced service when they re-open. Legal Statement. We represent 8 of the top 10 exhibitors in the U.S., including AMC Theatres. The Associated Press contributed to this report. ICE Limitations. Advertise with IndieWire; Confidential Tips; Cineworld Closing of All Regal Cinemas in U.S. and UK Locations on Oct. 8, Company Confirms . What happens if the president doesn't accept the election results? Be in the know.
Advertising Fandango, the nation's leading moviegoer destination, sells tickets to more than 26,000 screens nationwide. About 70% of U.S. movie theaters are currently open. said Monday that 536 Regal cinemas in the U.S. and 127 Cineworld and Picturehouse venues in the U.K. would close on Thursday. The ongoing coronavirus outbreak has led to ongoing delays in the release dates of blockbusters originally slated for summer. Cineworld Group Plc. Regal, a subsidiary of the Cineworld Group, operates one of the largest and most geographically diverse theatre circuits in the United States, consisting of 7,211 screens in 549 theatres in 42 states along with American Samoa, the District of Columbia, Guam and Saipan as of October 28, 2019. Market data provided by ICE Data Services. The movie theater business is looking rather dire amid new reports that Cineworld may close all Regal Cinema venues in the United States, along with all cinemas in the U.K. and Ireland this coming week. Get the latest breaking news delivered straight to your inbox. No other medium can match the benefits of cinema’s high-definition, towering canvas and fully engaged audience. © 2020 CBS Interactive Inc. All Rights Reserved.
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