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|October 22, 2020|
Has COVID-19 doomed movie theater experience?
Cineworld could shutter 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 “No Time to Die” was pushed to April 2021.
On Sunday afternoon U.K. time, Cineworld confirmed that it is “considering the temporary closure” of its U.K. and U.S. cinemas, but that a final decision hasn’t yet been reached.
Variety understands that the staff was informed of Cineworld’s plans on Sunday — ahead of the company’s statement — with HR explaining that the closure of all cinemas is “one option that is strongly being considered,” though a decision hasn’t yet been made.
Variety understands from sources that the chain may close all sites in both countries as early as this week. Regal is the second largest domestic chain in the U.S., while Cineworld is the U.K.’s biggest cinema operator.
Story Date: October 5, 2020