REGAL Cineworld May Close All Theaters US, UK theatres AFTER ‘James Bond’ Delay

REGAL Cineworld May Close All Theaters  US, UK theatres AFTER  ‘James Bond’ Delay


Cine world mentioned Sunday it’s contemplating closing all its cinemas in Britain and the United States after the postponement of the brand new James Bond movie left an enormous gap in schedules.

Cine world Group PLC owns 543 Regal cinemas within the US and 128 Cine world venues within the UK and Ireland.

It mentioned it was “considering the temporary closure of our U.K. and US cinemas, but a final decision has not yet been reached.”

“Once a decision has been made we will update all staff and customers as soon as we can.”

The assertion got here after The Sunday Times reported that Cine world’s UK and Ireland theatres will shut indefinitely within the coming weeks, placing as much as 5,500 individuals out of labor.

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“We can confirm we are considering the temporary closure of our U.K. and US cinemas, but a final decision has not yet been reached. Once a decision has been made we will update all staff and customers as soon as we can,” Cine world mentioned in a press release acknowledging the rumors.

Cine world is the biggest cinema chain within the U.Ok., and Regal is the second largest within the U.S. In the U.Ok., the corporate is reportedly writing to Prime Minister Boris Johnson and Culture Secretary Oliver Dowden to deal with the scenario.

Because of studios persevering with to delay high-dollar motion pictures for the foreseeable future, the corporate says that the exhibition sector is “unviable.” A possible reopening date hasn’t but been determined upon, however theatres would seemingly keep closed till at the very least 2021.

Following earlier delays, No Time to Die had been set to premiere on Nov. 12. Rumors started to floor that the film may see one other small delay quickly, transferring its premiere within the U.Ok. and the U.S. to later within the month. Just over a month till the film’s premiere date, it was formally postponed to April 2, 2021.

Because theatres are already struggling to take care of enterprise with so few new motion pictures heading to the large display screen this yr, No Time to Die getting pushed again was an enormous blow to the trade, as theatres have been relying on that film’s launch to assist themselves keep afloat.

Cine world had began opening its doorways again as much as audiences on July 31 after a four-month closure, with Regal Cinemas the next swimsuit in late August. There gave the impression to be a whole lot of hope that Christopher Nolan’s Tenet would carry filmgoers again to the cinema in droves, however the field workplace figures have been properly wanting expectations.

It’s clear that audiences are nonetheless leery about returning to theatres on account of well being and security issues, and the No Time to Die producers seemingly noticed the writing on the wall.

As of now, there are nonetheless a small handful of huge titles scheduled to launch in theatres by the top of the yr. That consists of Pixar’s animated film Soul, on account of arrive on Nov. 20. Marvel and Disney’s Wonder Woman 1984 and Warner Bros.