World’s second biggest cinema operator to close all US, UK screens

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Cineworld incurred US$1.64 billion first-half loss as the industry became unviable. FMTNews UK

General view of an empty cinema foyer at Cineworld in Hemel Hempstead in March.

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 US, Britain and central Europe, with 546 sites in America. Britain’s Sunday Times said the London-listed company had written to Prime Minister Boris Johnson and Culture Minister Oliver Dowden to warn that the industry was becoming unviable.

Efforts to get audiences back into theatres have proved disappointing. While bigger chains like AMC Entertainment, Cineworld and others have reopened many locations, crowds have been thin. Small and mid-sized theatre companies have said they may not survive the impact of the pandemic.

 

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