In response to an increasingly challenging theatrical landscape and sustained key market closures due to the COVID-19 pandemic, Cineworld, parent company of Regal announced that it will be temporarily suspending operations at all of its 536 Regal theatres in the U.S., as of Thursday, October 8, 2020.
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As major U.S. markets, mainly New York, remained closed and without guidance on reopening timing, studios have been reluctant to release its pipeline of new films. In turn, without these new releases, Cineworld cannot provide customers in both the U.S. and U.K. – the company’s primary markets – with the breadth of strong commercial films necessary for them to consider coming back to theaters against the backdrop of COVID-19. These closures will impact approximately 40,000 employees across the U.S.
Greidinger added, “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. The prolonged closures have had a detrimental impact on the release slate for the rest of the year, and, in turn, our ability to supply our customers with the lineup of blockbusters they’ve come to expect from us. As such, it is simply impossible to continue operations in our primary markets.”
Regal will continue to monitor the situation closely and will communicate any future plans to resume operations 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.
There are several Regal Cinemas in the area-Opry Mills, 100 Hundred Oaks, and The Mall at Green Hills.
