Rob Kim/Getty Images
Regal is closing its more than 500 US theaters indefinitely due to the coronavirus pandemic and a lack of new releases to show.See how the chain was founded in Knoxville, Tennesee, and grew to become the second-largest in the world.announcedThe closure will affect 45,000 jobs, with 40,000 of those in the US. Right now there are no clear plans for a reopening timeline.
Regal officially opened its door in 1989. In years since, through mergers and acquisitions, it grew to become the second-largest theater chain in the world. Entrepreneur Mike Campbell started Regal Cinemas in 1989. It was headquartered in Knoxville, Tennessee, in an old warehouse, according to a contemporaneous Associated Press article.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the fight to save Rent the Runway - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Someone should report on them dropping their unlimited plan in early 2021 only to offer a limit of 16 items per month at a $30-60 increase in monthly cost at that tier vs unlimited. They say it's because customers aren't interested in unlimited and yet they limit and charge more?
Source: BusinessInsider - 🏆 729. / 51 Read more »
Regal Cinemas likely to close all 500+ US theaters, report says - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. That is what happens when the Democrats shut everything down people find alternative ways to do things they get used to it and you can kiss your business goodbye. Thank a Democrat
Source: BusinessInsider - 🏆 729. / 51 Read more »
Regal Cinemas to close all US theaters, impacting 40,000 employees - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. moose_elsarji JoeyND1023 mcgrane_matt OutDoors_Junkie well there goes Birch St More bad news. I might have to walk to Kroger and buy some OutshineSnacks frozen fruit bars to help keep my spirits up. TimSchroeppel This is sad
Source: BusinessInsider - 🏆 729. / 51 Read more »