NBC10 reports that Regal Cinemas announced today that they are temporarily suspending ALL operations of their 536 theaters across the country, due to “continued to revenue losses from the coronavirus pandemic.”
Mooky Greidinger, CEO of Cineworld, Regal’s parent company, said in a statement: "This is not a decision we made lightly, and we did everything in our power to support safe and sustainable reopenings in all of our markets – including meeting, and often exceeding, local health and safety guidelines in our theatres and working constructively with regulators and industry bodies to restore public confidence in our industry.”
The theaters will all close starting this Thursday, and they’ll monitor the market and adjust their future plans accordingly.
The news comes as one of the last big tentpoles coming out later this year, “No Time To Die”, was now been rescheduled for April 2021. The news also comes as the only major film to open recently in theaters, “Tenet”, has fell below expectations.