Cineworld Closing All Regal Cinemas Across The UK And U.S. Following NO TIME TO DIE DELAY

Cineworld Closing All Regal Cinemas Across The UK And U.S. Following NO TIME TO DIE DELAY

The delay of No Time to Die has had even greater ramifications than expected, as it's been confirmed that Cineworld will close all its cinemas in the UK and U.S. for the remainder of 2020. Check it out...

By JoshWilding - Oct 04, 2020 05:10 AM EST
Filed Under: Other
Source: Variety

There's more bad news for theaters thanks to COVID-19, as Cineworld, one of the UK's biggest theater chains and owner of U.S. chain Regal Cinemas, has announced plans to close its venues in both countries. This comes almost immediately after the news that No Time to Die has been pushed back from this November to next April. 

According to Variety, the company's theaters in The UK, Ireland and The U.S. will close as soon as this week, though staff in the UK - over 5500 of them - only learned of the news via stories like this one. 

Cineworld is reportedly writing to Prime Minister Boris Johnson and Culture Secretary Oliver Dowden to explain that the exhibition sector is now "unviable" due to a lack of new releases and the fact that customers are avoiding cinemas due to safety concerns caused by on the ongoing pandemic. 

A reopening date hasn't been set yet, but it's likely these theaters will remain closed until next year, and that's not good news for upcoming December releases like Dune and Wonder Woman 1984. Many believe they will also be delayed, especially with cases on the rise across the U.S. and Europe. 

Whether Cineworld will be able to survive these closures remains to be seen, and it's likely other chains will soon follow; after all, there's only so many times people will be willing to pay to see Tenet and The New Mutants! It will also be interesting to see how these closures affect the way studios release tentpoles in future, as it's clear something might have to change.

For now, though, our thoughts go out to those who find themselves jobless ahead of Christmas. 

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AC1
AC1 - 10/4/2020, 5:12 AM
UK business closure laws suck when it comes to informing employees that their jobs are at risk. If a company makes a decision like this, the board of directors legally have to report it to the stock exchange as soon as the decision is made, and then they have to put out a public statement confirming it, which means employees pretty much always find out last and they always find out via news outlets or word of mouth before their employers actually tell them.

The exact same thing happened to me and my colleagues a few months ago, woke up one morning for work only to see a message from a buddy of mine with a link to an article saying we were all gonna be out of the job soon... it really does make you feel like shit to find out that way. Hopefully Cineworld manage to strike some kind of deal or get some support that minimises the impact this has on their employees and protects as many jobs as possible.
Kadara
Kadara - 10/4/2020, 5:31 AM
Shocking 🤷
KWilly
KWilly - 10/4/2020, 5:38 AM
I just can't imagine a world where every single movie will be straight to DVD/Digital.

There's no way movies studios would be okay with this.
fanboy03191
fanboy03191 - 10/4/2020, 6:18 AM
Jeez the world really lost its balls this year. Never have seen such weakness in my life.
E4Nigma
E4Nigma - 10/4/2020, 6:21 AM
A world without movie theaters is going to suck.
MosquitoFarmer
MosquitoFarmer - 10/4/2020, 6:53 AM
@E4Nigma - Just momentary. It's like saying swimming pools will never be a thing again.
E4Nigma
E4Nigma - 10/4/2020, 7:01 AM
@MosquitoFarmer -

Hopefully it's just momentary and not long term. Too many people are losing their jobs.
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