In the latest sign of the movie industry’s poor condition amid a lack of new films, Regal Cinemas parent company Cineworld dropped a bombshell over … "In response to an increasingly challenging theatrical landscape and sustained key market closures, Regal will suspend operations at all theatres at close of … Ted Shaffrey, Associated Press Cineworld — the parent company of the Regal Cinemas movie theater chain in the United States — will close all its venues in the U.S., U.K. and Ireland this week, Variety reports. Disney+. ", The group owns 127 theaters in the United Kingdom, including Picturehouse Cinemas, and 536 theaters in the United States. The world's second-biggest cinema operator made the move after studios pulled … Factset: FactSet Research Systems Inc.2018. Better unhappy than sick or worse.”. That’s why Regal’s parent company Cineworld could be closing all of its U.S. locations. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. The network is running a pre-taped interview to counter claims made by pro-Trump guests and hosts on election fraud. Wold, in his note, expressed concern that continued film delays could do permanent damage to the theater industry. She hopes ‘Wonder Woman 1984' will end it on a high. Regal Crown Club. James Bond studio MGM is exploring a sale. Now they need the last few major markets — like New York — to open. Cuomo senior advisor Richard Azzopardi pushed back on the notion that New York was to blame for the theater industry’s struggles. He holds a master’s in journalism from USC’s Annenberg School and a bachelor’s in English from UC Santa Barbara. Nonetheless, Eric Wold, an analyst at B. Riley FBR who follows the exhibitors, said in a research note that studios should consider the long-term consequences of letting theaters flounder without new product. All times are ET. Andrew Cuomo to speed the reopening process, given the state’s relative success in mitigating the spread of the virus. The Regal Irvine Spectrum opened recently with a pricey renovation. When is Regal closing temporarily After our last evening screening on Thursday 8 October at all theatres currently open in the US. Mayor Eric Garcetti says it appears likely. News of the shutdown came as a surprise to many Cineworld staff. After closing for several months during coronavirus lockdowns, the group had started reopening cinemas in July with new safety protocols in place. Across the country, just 56% of theaters are actually open, according to data firm Comscore. AMC fell 10%, or 46 cents, to $4.19 in midday trading. Paramount+. At top, Regal Cinemas at Dole Cannery is one of the eight theaters Cineworld is closing in Hawaii. Tencent Group buys another 10% of Vivendi’s Universal Music. The studio also delayed Matt Reeves’ “The Batman” from October 2021 to March 2022. On Monday, the company was not able to say when its theaters might next be operational. RPX. ‘Wonder Woman 3' in the works as ‘Wonder Woman 1984' exceeds box office projections. These closures will … According to September research by NRG, about half of moviegoers aren’t ready to return, and about a third of the audience wants to wait until a coronavirus vaccine is available. All rights reserved. Cineworld, the parent company of Regal Cinemas, is temporarily closing its 663 theaters in the U.S. and Britain. Cineworld is shuttering all 543 of its Regal Cinema venues in the U.S. and all cinemas across the U.K. and Ireland this coming week, just a day after James Bond film … How ‘Wonder Woman 1984' tailored Kristen Wiig’s Cheetah role just for her, Gal Gadot knows this year was rough. L.A. County is probing whether a new, more contagious COVID strain is spreading locally. For most movies, though, studios are simply waiting until the business environment is safe, and that’s the obstacle theaters face. Regal Cinemas, the second-largest movie theater chain in the country, will temporarily close all of its United States locations, impacting 40,000 employees nationwide. Fox News runs fact check in response to defamation charges by voting software firm. Beyond The Frame. The decision puts 40,000 U.S. employees out of work. Credit ratings agency S&P Global last week lowered its debt rating on AMC to CCC- from CCC, indicating that the heavily leveraged company would continue to struggle with attendance levels depressed. The U.K is grappling with a rapid rise in COVID-19 cases while keeping its critically important film industry afloat. Regal Cinemas To Close Movie Theaters Temporarily Again (CBS/CNN) — Cineworld Group, the owner of Regal Cinemas, will suspend operations at all of its theaters in the United States and the United Kingdom beginning on Thursday. Theaters After No Time to Die Delay By Adam Barnhardt - October 3, 2020 08:58 pm EDT Hours after news surfaced … “They have acted responsibly by closing down even before ordered to by states, and reopening with industry-wide safety protocols in place. It’s easy to see why studios are skittish. They hammered out extensive cleaning protocols and hired back workers with hopes that movies would return to the big screen and that filmgoers would come back to see them. What happened to Maria Bartiromo? Studios have long relied on big bursts of revenue from premiering films in as many theaters as possible. Alex Scott/Bloomberg via … Regal Cinemas is closing all 44 theaters in New York indefinitely, according to parent company Cineworld. The closures, which affect all 536 U.S.-based Regal Cinemas and 127 Cineworld and Picturehouse venues in the U.K., will go into effect Thursday, according to a Regal … Most of my 20s were wasted on rummaging through the miserable wreckage that is the L.A. dating pool. A Regal Cinemas movie theater has a temporary closure notice on its marquee in New York on May 5. Tom Cruise rant over COVID-19 safety is latest challenge to U.K.'s filming restart. Plano, Texas-based Cinemark said it had no plans to shut down its circuit but would begin reducing hours and operating days at its theaters until there are more new movies to show. But on a scary, snowy night decades ago, the chaos of my mother’s drinking finally gave way to a real Christmas miracle. 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Latest Trailers. “Movie theaters are at a crisis point,” the association’s president, John Fithian, said in a statement. Movie theaters are reopening. Watch The Latest Trailers! They need major movies; and they need the Federal government to live up to its responsibilities and provide aid to theaters and similar industries that cannot fully operate during a pandemic.”, Hollywood fears movie theaters ‘may not survive’ COVID-19 pandemic. The deal values the world’s biggest music company at $36.8 billion. Regal Cinemas closing movie theaters across US, including 9 Illinois locations By Diane Pathieu and Michelle Gallardo Monday, October 5, 2020 CHICAGO (WLS) -- … Releasing a $200-million movie with major markets closed and a public nervous about going to theaters is too risky for most. You may occasionally receive promotional content from the Los Angeles Times. Warner Bros. announced that it would fast-track development of ‘Wonder Woman 3' after the newly released ‘Wonder Woman 1984' did better than expected at the box office. The move sent a jolt through the exhibition community, prompting a Monday self-off of theater stocks on Wall Street. "‎We understand some people are unhappy but you know what? Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. Disclaimer. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Theaters have pleaded with studios to stick to their planned release dates anyway to little avail. “This is not a decision we made lightly, and we did everything in our power to support a safe and sustainable reopening in the U.S.,” said Cineworld CEO Mooky Greidinger in a Sunday statement. Regal Cinemas Closing All U.S. He previously wrote for the Los Angeles Business Journal and Bloomberg News. In the latest sign of the movie industry’s poor condition amid a lack of new films, Regal Cinemas parent company Cineworld dropped a bombshell over the weekend that the British exhibitor would temporarily close operations at all 536 of Regal’s U.S. theaters on Thursday. of Theatre Owners last week sent a letter to congressional leaders calling for federal financial relief. “While we can understand the studios’ desire to hold releases until the release environment is perfect, we also believe studios must be willing to take a hit to feed the industry and keep the exhibitor group from completely falling apart.”. Struggling Regal Cinemas plans to temporarily close all of its U.S. movie theaters, including 11 in New Jersey, according to multiple reports. Disney previously postponed its Marvel movie “Black Widow” to next year. Michael Woyton , Patch Staff Posted Mon, Oct 5, 2020 at 10:27 a m ET | … JAMM AQUINO / JAQUINO@STARADVERTISER.COM. By Jazmin Goodwin and Charles Riley, CNN Business, Updated 0844 GMT (1644 HKT) October 5, 2020. Regal Cinemas parent, Cineworld Group, announced Monday it will suspend operations beginning Oct. 8 at all 536 of its U.S. theaters. Recently, Regal Cinemas announcing all of their theatres in Maryland, along with hundreds of others across the county will be closing their doors until further notice. Horn, a respected executive who was named chairman of Walt Disney Studios in 2012, will remain at the company as chief creative officer. The holidays can be brutal for children of alcoholics, especially amid a pandemic that traps families at home. The announcement came a … Cineworld’s decision came after Hollywood studios continued to delay their big films, which theaters need to survive. As the COVID-19 pandemic raged on this past summer, theater companies scrambled to prepare for the chance to reopen. Cineworld's decision to close its theaters again has renewed fears about the ability of the company to survive the pandemic and its shares plummeted more than 42% in London on Monday. During the pandemic, however, some have tampered with the theatrical “window” by experimenting with premium digital releases. L.A. Affairs: ‘Why would I date you?’ Ouch. The closures will affect 45,000 employees. said Monday that 536 Regal cinemas in the U.S. and 127 Cineworld and Picturehouse venues in the U.K. would close on Thursday. “But if the studios continue to push out the release window, there may not be anything around when they are ready.”. Column: The worst Christmas I ever had was the one that changed my life. Find 2 listings related to Regal Theatres in Phoenix on YP.com. In a statement released on Monday, the company said it could not provide customers "with the breadth of strong commercial films necessary for them to consider coming back to theaters against the backdrop of Covid-19. Most stock quote data provided by BATS. All rights reserved. New York/London (CNN Business)Cineworld Group, the owner of Regal Cinemas, will suspend operations at all of its theaters in the United States and the United Kingdom beginning on Thursday. With studios holding back their movies amid the uncertainty, theaters will continue to look for ways to preserve cash, analysts said. Regal’s parent company on Sunday said it would temporarily shut down operations this week. Regal is the second largest theater chain in the country. There are eight Regal theaters in the Chicago area that will close by Thursday. It is the world's second largest movie theater business after. “We’re moving heaven and earth trying to stop a second wave and people need to acknowledge that we’re still in a pandemic and start to act like it,” Azzopardi said in a statement. The second largest cinema chain in the US is temporarily closing its doors nationwide. Networks are accentuating the positive as they roll out their new businesses. The company that owns Regal Cinemas said it may be forced to close … “We are especially grateful for and proud of the hard work our employees put in to adapt our theatres to the new protocols and cannot underscore enough how difficult this decision was.”. They viewed promising box office results in other countries that have gotten a better handle on the virus — China and South Korea — as a sign that, if everything went according to plan, the industry would return triumphantly. Trump's speech makes Stephen Colbert choke up New York/London (CNN Business) Cineworld Group, the owner of Regal Cinemas, will suspend operations at all … How the plus sign won the streaming wars. California movie theaters are reopening. But will they have new movies to show? Some … The company said Sunday it was “considering the temporary closure of our U.K. and U.S. cinemas, but a … “We fear for their future.” That’s studios and directors’ message to Washington about the dire state of the movie theater industry. Movie theaters are opening in Southern California, like the newly refurbished Regal Irvine Spectrum. Studio Movie Grill: The chain's one Arizona location — in Scottsdale — is closed until further notice. Nearly 70% of small and midsized theater companies would have to declare bankruptcy or shutter for good without government support, the group said in the letter, signed by the Motion Picture Assn., the Directors Guild of America and dozens of prominent filmmakers. The Trump election fraud story has the TV news biz asking. Apple TV+. The National Assn. Cineworld Group Plc said Monday that it would close 536 Regal cinemas in the U.S. and 127 Cineworld and Picturehouse venues in the U.K. this … More Rewards Your Way! Cineworld, the parent company of Regal Cinemas, confirmed it will close all theaters in the U.S. and the U.K. Thursday for an unspecified amount of time. MGM, Eon Productions and Universal Pictures last week said they would push back the James Bond movie “No Time to Die” to April, abandoning the 007 film’s Nov. 20 post. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. Cineworld Group Plc. The parent of Regal Cinemas will temporarily shutter its more than 500 U.S. theaters Thursday, as well as its 127 Cineworld and Picturehouse locations in … ScreenX. Ryan Faughnder is a film business reporter for the Los Angeles Times’ Company Town, covering the major Hollywood studios, including Walt Disney Co. A Regal Cinemas movie theater is closed during the coronavirus pandemic on Tuesday, May 5, 2020, in New York. "Cineworld will continue to monitor the situation closely and will communicate any future plans to resume operations in these markets 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," CEO Mooky Greidinger said in a statement. New York’s iconic Regal Cinema on 42nd St. Metro-Goldwyn-Mayer Studios, a perennial acquisition target, is working with advisors to find a buyer. L.A. County is testing to see whether a potentially more contagious coronavirus strain is in the community. Regal Cinemas, the nation's second-largest theater chain, will close its doors across the country as the film industry continues to be hard hit by the coronavirus pandemic. But I thought this guy was different. Late on Monday, Warner Bros. said its much-anticipated adaptation of “Dune,” starring Timothée Chalamet, would move from December to next October. Regal Cinemas: The national chain with one Valley location in Gilbert is closed indefinitely. Regal cinemas to close down temporarily, impacting 45,000 jobs. AMC’s liquidity will continue to deteriorate over the next six months if attendance does not dramatically improve, the agency said. “The studios have much firmer ground to stand on than the exhibitors and it is up to the studios to not completely abandon a major distribution window,” Wold wrote. Obituaries, once reserved for warm remembrances of the deceased, are including passionate and sometimes angry warnings about the dangers of the coronavirus and failures of government officials. “We have stressed for some time that the exhibition industry restart is out of the hands of the exhibitors,” he said. Cinema Action Group, a collective of Cineworld employees in the United Kingdom. Leawood, Kan.-based AMC, the world’s largest theater circuit, said on Tuesday that its theaters would remain open. The closures will affect 45,000 employees. We will post an update on our website and social channels as well as sending an email to our Regal Crown Club and Unlimited subscribers. Experience the ultimate in movie sight and sound. Greidinger put it bluntly: “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.”. More than a dozen major films, including "Black Widow," "Tenet" and "Wonder Woman 1984," have either been delayed or skipped theaters altogether and gone digital, as in the case of. In a surprise move, the owner of Regal Cinemas theaters in the United States says it will close those venues in the coming week, according to a report from the … Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. Disney studio cochairman Alan Horn passes reins to Alan Bergman. Will there be any new films to show? The sliding schedule leaves Pixar’s “Soul” and DreamWorks’ “The Croods: A New Age” as the next big films on the calendar, but their late-November spots could also be precarious. The decision for Regal, the nation and world’s second-largest chain, is just the latest sign of how dire the situation is for multiplexes in the U.S. Cineworld Group PLC’s Regal Entertainment Group’s decision to suspend operations at its more than 500 locations this coming Thursday follows a … Marcus Corp. shares declined 8%, or 64 cents, to $7.42, while Cinemark’s stock dropped 16%, or $1.65, to $8.44. Regal Cinemas might be closing all 543 of its theaters in the United States as early as this week due to continued revenue losses from the coronavirus pandemic. Regal Cinemas, which operates 543 locations in the United States, will be shutting down all of its movie theaters starting Tuesday due to the Coronavirus pandemic. “Any time, at any Regal, it… How will you let customers know when theatres are up and running again? L.A. County hospitals running dangerously low on oxygen, supplies as ER units are overwhelmed, Clearing emergency rooms becomes vital as hospitals struggle with critical patients, Families are turning obituaries into final pleas to avoid COVID-19. Some 40,000 Regal theater employees are now facing a furlough across the U.S. after the movie chain announced it's closing all locations. Get the day's top stories on Hollywood, film, television, music, arts, culture and more. Trump’s repeatedly discredited attempt to overturn the November results has been given continued sustenance by the Fox News star. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Theater owners, meanwhile, are trying to turn up the pressure on New York Gov. Regal is the second-largest exhibitor in the U.S., after AMC Theatres. With New York closed and Greater Los Angeles only partly reopened (Orange County now allows theaters to operate), cinemas remain shuttered in areas representing about 30% of annual box office sales. Regal Closing 13 Maryland Theaters, All Nationwide, Temporarily - Bel Air, MD - Regal plans to suspend operations at 13 theaters in Maryland indefinitely, according to … So who’s buying? The reopening process, given the state ’ s largest theater circuit, in! 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