Cineworld Group Plc said Monday that it would close 536 Regal cinemas in the U.S. and 127 Cineworld and Picturehouse venues in the U.K. this … Disney previously postponed its Marvel movie “Black Widow” to next year. On Monday, the company was not able to say when its theaters might next be operational. The Regal Irvine Spectrum opened recently with a pricey renovation. Regal Closing 13 Maryland Theaters, All Nationwide, Temporarily - Bel Air, MD - Regal plans to suspend operations at 13 theaters in Maryland indefinitely, according to … Find 2 listings related to Regal Theatres in Phoenix on YP.com. Networks are accentuating the positive as they roll out their new businesses. 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. Regal Cinemas is closing all 44 theaters in New York indefinitely, according to parent company Cineworld. Cinema Action Group, a collective of Cineworld employees in the United Kingdom. Factset: FactSet Research Systems Inc.2018. Paramount+. Plano, Texas-based Cinemark said it had no plans to shut down its circuit but would begin reducing hours and operating days at its theaters until there are more new movies to show. Cineworld, the parent company of Regal Cinemas, is temporarily closing its 663 theaters in the U.S. and Britain. James Bond studio MGM is exploring a sale. Cineworld, the parent company of Regal Cinemas, confirmed it will close all theaters in the U.S. and the U.K. Thursday for an unspecified amount of time. 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. “While we can understand the studios’ desire to hold releases until the release environment is perfect, we also believe studios must be willing to take a hit to feed the industry and keep the exhibitor group from completely falling apart.”. 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. There are eight Regal theaters in the Chicago area that will close by Thursday. Will there be any new films to show? Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. The world's second-biggest cinema operator made the move after studios pulled … For most movies, though, studios are simply waiting until the business environment is safe, and that’s the obstacle theaters face. He holds a master’s in journalism from USC’s Annenberg School and a bachelor’s in English from UC Santa Barbara. They viewed promising box office results in other countries that have gotten a better handle on the virus — China and South Korea — as a sign that, if everything went according to plan, the industry would return triumphantly. 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. Most of my 20s were wasted on rummaging through the miserable wreckage that is the L.A. dating pool. Michael Woyton , Patch Staff Posted Mon, Oct 5, 2020 at 10:27 a m ET | … Leawood, Kan.-based AMC, the world’s largest theater circuit, said on Tuesday that its theaters would remain open. How will you let customers know when theatres are up and running again? Ryan Faughnder is a film business reporter for the Los Angeles Times’ Company Town, covering the major Hollywood studios, including Walt Disney Co. All times are ET. 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. The sliding schedule leaves Pixar’s “Soul” and DreamWorks’ “The Croods: A New Age” as the next big films on the calendar, but their late-November spots could also be precarious. 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 … With studios holding back their movies amid the uncertainty, theaters will continue to look for ways to preserve cash, analysts said. Disney+. Metro-Goldwyn-Mayer Studios, a perennial acquisition target, is working with advisors to find a buyer. "Cineworld will continue to monitor the situation closely and will communicate any future plans to resume operations in these markets at the appropriate time, when key markets have more concrete guidance on their reopening status and, in turn, studios are able to bring their pipeline of major releases back to the big screen," CEO Mooky Greidinger said in a statement. “Movie theaters are at a crisis point,” the association’s president, John Fithian, said in a statement. New York/London (CNN Business)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. 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. “They have acted responsibly by closing down even before ordered to by states, and reopening with industry-wide safety protocols in place. All rights reserved. Recently, Regal Cinemas announcing all of their theatres in Maryland, along with hundreds of others across the county will be closing their doors until further notice. Regal Cinemas, the second-largest movie theater chain in the country, will temporarily close all of its United States locations, impacting 40,000 employees nationwide. That’s why Regal’s parent company Cineworld could be closing all of its U.S. locations. 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 … So who’s buying? Tom Cruise rant over COVID-19 safety is latest challenge to U.K.'s filming restart. Regal Cinemas, the nation's second-largest theater chain, will close its doors across the country as the film industry continues to be hard hit by the coronavirus pandemic. The closures will affect 45,000 employees. A Regal Cinemas movie theater is closed during the coronavirus pandemic on Tuesday, May 5, 2020, in New York. Trump’s repeatedly discredited attempt to overturn the November results has been given continued sustenance by the Fox News star. said Monday that 536 Regal cinemas in the U.S. and 127 Cineworld and Picturehouse venues in the U.K. would close on Thursday. "‎We understand some people are unhappy but you know what? 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. Studios have long relied on big bursts of revenue from premiering films in as many theaters as possible. “We fear for their future.” That’s studios and directors’ message to Washington about the dire state of the movie theater industry. It is the world's second largest movie theater business after. What happened to Maria Bartiromo? Theaters After No Time to Die Delay By Adam Barnhardt - October 3, 2020 08:58 pm EDT Hours after news surfaced … RPX. He previously wrote for the Los Angeles Business Journal and Bloomberg News. Get the day's top stories on Hollywood, film, television, music, arts, culture and more. See reviews, photos, directions, phone numbers and more for Regal Theatres locations in Phoenix, AZ. Tencent Group buys another 10% of Vivendi’s Universal Music. Andrew Cuomo to speed the reopening process, given the state’s relative success in mitigating the spread of the virus. California movie theaters are reopening. ‘Wonder Woman 3' in the works as ‘Wonder Woman 1984' exceeds box office projections. Regal Crown Club. Watch The Latest Trailers! "In response to an increasingly challenging theatrical landscape and sustained key market closures, Regal will suspend operations at all theatres at close of … Most stock quote data provided by BATS. Regal Cinemas: The national chain with one Valley location in Gilbert is closed indefinitely. Marcus Corp. shares declined 8%, or 64 cents, to $7.42, while Cinemark’s stock dropped 16%, or $1.65, to $8.44. The second largest cinema chain in the US is temporarily closing its doors nationwide. Across the country, just 56% of theaters are actually open, according to data firm Comscore. Trump's speech makes Stephen Colbert choke up New York/London (CNN Business) Cineworld Group, the owner of Regal Cinemas, will suspend operations at all … 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. More Rewards Your Way! You may occasionally receive promotional content from the Los Angeles Times. Better unhappy than sick or worse.”. AMC’s liquidity will continue to deteriorate over the next six months if attendance does not dramatically improve, the agency said. Nearly 70% of small and midsized theater companies would have to declare bankruptcy or shutter for good without government support, the group said in the letter, signed by the Motion Picture Assn., the Directors Guild of America and dozens of prominent filmmakers. Wold, in his note, expressed concern that continued film delays could do permanent damage to the theater industry. It’s easy to see why studios are skittish. The U.K is grappling with a rapid rise in COVID-19 cases while keeping its critically important film industry afloat. But I thought this guy was different. How ‘Wonder Woman 1984' tailored Kristen Wiig’s Cheetah role just for her, Gal Gadot knows this year was rough. Disney studio cochairman Alan Horn passes reins to Alan Bergman. Regal Cinemas Closing All U.S. “This is not a decision we made lightly, and we did everything in our power to support a safe and sustainable reopening in the U.S.,” said Cineworld CEO Mooky Greidinger in a Sunday statement. After closing for several months during coronavirus lockdowns, the group had started reopening cinemas in July with new safety protocols in place. When is Regal closing temporarily After our last evening screening on Thursday 8 October at all theatres currently open in the US. New York’s iconic Regal Cinema on 42nd St. 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 … 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. Now they need the last few major markets — like New York — to open. More than a dozen major films, including "Black Widow," "Tenet" and "Wonder Woman 1984," have either been delayed or skipped theaters altogether and gone digital, as in the case of. L.A. County hospitals running dangerously low on oxygen, supplies as ER units are overwhelmed, Clearing emergency rooms becomes vital as hospitals struggle with critical patients, Families are turning obituaries into final pleas to avoid COVID-19. Theater owners, meanwhile, are trying to turn up the pressure on New York Gov. All rights reserved. Cuomo senior advisor Richard Azzopardi pushed back on the notion that New York was to blame for the theater industry’s struggles. Mayor Eric Garcetti says it appears likely. Regal cinemas to close down temporarily, impacting 45,000 jobs. Experience the ultimate in movie sight and sound. “Any time, at any Regal, it… 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. Movie theaters are opening in Southern California, like the newly refurbished Regal Irvine Spectrum. Alex Scott/Bloomberg via … ", The group owns 127 theaters in the United Kingdom, including Picturehouse Cinemas, and 536 theaters in the United States. Some … L.A. Affairs: ‘Why would I date you?’ Ouch. 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. Studio Movie Grill: The chain's one Arizona location — in Scottsdale — is closed until further notice. According to September research by NRG, about half of moviegoers aren’t ready to return, and about a third of the audience wants to wait until a coronavirus vaccine is available. JAMM AQUINO / JAQUINO@STARADVERTISER.COM. But on a scary, snowy night decades ago, the chaos of my mother’s drinking finally gave way to a real Christmas miracle. “But if the studios continue to push out the release window, there may not be anything around when they are ready.”. Regal Cinemas, which operates 543 locations in the United States, will be shutting down all of its movie theaters starting Tuesday due to the Coronavirus pandemic. In a statement released on Monday, the company said it could not provide customers "with the breadth of strong commercial films necessary for them to consider coming back to theaters against the backdrop of Covid-19. “We are especially grateful for and proud of the hard work our employees put in to adapt our theatres to the new protocols and cannot underscore enough how difficult this decision was.”. Latest Trailers. Apple TV+. AMC fell 10%, or 46 cents, to $4.19 in midday trading. Movie theaters are reopening. Releasing a $200-million movie with major markets closed and a public nervous about going to theaters is too risky for most. 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. 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 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. A Regal Cinemas movie theater has a temporary closure notice on its marquee in New York on May 5. Late on Monday, Warner Bros. said its much-anticipated adaptation of “Dune,” starring Timothée Chalamet, would move from December to next October. 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. 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.”. They need major movies; and they need the Federal government to live up to its responsibilities and provide aid to theaters and similar industries that cannot fully operate during a pandemic.”, Hollywood fears movie theaters ‘may not survive’ COVID-19 pandemic. The studio also delayed Matt Reeves’ “The Batman” from October 2021 to March 2022. Theaters have pleaded with studios to stick to their planned release dates anyway to little avail. The Trump election fraud story has the TV news biz asking. Horn, a respected executive who was named chairman of Walt Disney Studios in 2012, will remain at the company as chief creative officer. Cineworld Group PLC’s Regal Entertainment Group’s decision to suspend operations at its more than 500 locations this coming Thursday follows a … Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Cineworld’s decision came after Hollywood studios continued to delay their big films, which theaters need to survive. 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Regal’s parent company on Sunday said it would temporarily shut down operations this week. How the plus sign won the streaming wars. Cineworld Group Plc. They hammered out extensive cleaning protocols and hired back workers with hopes that movies would return to the big screen and that filmgoers would come back to see them. The deal values the world’s biggest music company at $36.8 billion. During the pandemic, however, some have tampered with the theatrical “window” by experimenting with premium digital releases. The decision puts 40,000 U.S. employees out of work. As the COVID-19 pandemic raged on this past summer, theater companies scrambled to prepare for the chance to reopen. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. But will they have new movies to show? News of the shutdown came as a surprise to many Cineworld staff. Regal is the second largest theater chain in the country. The National Assn. 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. The closures will affect 45,000 employees. Regal is the second-largest exhibitor in the U.S., after AMC Theatres. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. The holidays can be brutal for children of alcoholics, especially amid a pandemic that traps families at home. Fox News runs fact check in response to defamation charges by voting software firm. These closures will … Beyond The Frame. of Theatre Owners last week sent a letter to congressional leaders calling for federal financial relief. L.A. County is probing whether a new, more contagious COVID strain is spreading locally. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Disclaimer. L.A. County is testing to see whether a potentially more contagious coronavirus strain is in the community. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Regal Cinemas parent, Cineworld Group, announced Monday it will suspend operations beginning Oct. 8 at all 536 of its U.S. theaters. Column: The worst Christmas I ever had was the one that changed my life. The move sent a jolt through the exhibition community, prompting a Monday self-off of theater stocks on Wall Street. The closures, which affect all 536 U.S.-based Regal Cinemas and 127 Cineworld and Picturehouse venues in the U.K., will go into effect Thursday, according to a Regal … The company that owns Regal Cinemas said it may be forced to close … Struggling Regal Cinemas plans to temporarily close all of its U.S. movie theaters, including 11 in New Jersey, according to multiple reports. At top, Regal Cinemas at Dole Cannery is one of the eight theaters Cineworld is closing in Hawaii. She hopes ‘Wonder Woman 1984' will end it on a high. The announcement came a … The company said Sunday it was “considering the temporary closure of our U.K. and U.S. cinemas, but a … Regal Cinemas closing movie theaters across US, including 9 Illinois locations By Diane Pathieu and Michelle Gallardo Monday, October 5, 2020 CHICAGO (WLS) -- … The network is running a pre-taped interview to counter claims made by pro-Trump guests and hosts on election fraud. “We have stressed for some time that the exhibition industry restart is out of the hands of the exhibitors,” he said. By Jazmin Goodwin and Charles Riley, CNN Business, Updated 0844 GMT (1644 HKT) October 5, 2020. ScreenX. With industry-wide safety protocols in place on New York — to open values the world 's second largest cinema in. The notion that New York Gov film delays could do permanent damage to the industry. Cents, to $ 4.19 in midday trading, especially amid a pandemic traps... United States next year to temporarily close all of its U.S. theaters Cinemas,... 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