Regal Cinemas likely to close all 500+ US theaters, report says - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 51%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Regal Cinemas likely to close all US theaters as pandemic continues to slam movie industry, report says

Rob Kim/Getty Images

Regal began reopening theaters in August but may shutter its more than 500 locations around the country amid low turnout. Yet new delays threaten to plunge theaters back into a blackout. MGM Holdings announced Friday it would postpone the release of the latest James Bond film, "No Time To Die," to April from its planned November date. Other major releases including Marvel's "Black Widow" and Warner Bros.' "Wonder Woman 1984" have also been pushed back.

Regal comprises the second-largest theater chain after AMC. Both companies began reopening locations in August but face continued financial pressure as COVID-19 case counts steadily rises throughout the US. Only about two-thirds of locations in the US have opened, and weak box office results for "Tenet" suggest Americans still fear making their way to a theater.

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:

 /  🏆 729. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Thank a Democrat

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.

South Africa South Africa Latest News, South Africa South Africa 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 »