Bond was the final straw: Regal and Cineworld will reportedly shut all theaters in US and UK subsequent week
Cineworld, proprietor of the biggest chain of theaters within the UK and Eire and the second-largest in the US — Regal Cinemas — will reportedly shut all its theaters subsequent week, in line with Selection, The Sunday Occasions, and others.
Selection reviews that every one 543 theaters within the US will likely be closed, which account for the chain’s 7,000+ screens within the area. The Sunday Occasions reviews that it’s going to shut all 128 theaters within the UK and Eire, too.
Each say James Bond is the explanation.
Yesterday, the twenty fifth James Bond movie — No Time to Die — was pushed again to April 2021 as a result of ongoing pandemic, denying theaters one of many final main tentpole releases due out this yr. Apparently, theaters had been relying on Bond, particularly, to reach on time and assist bail them out of poor ticket gross sales.
The information is coming as a shock to Cineworld’s staff, whose motion group said on Twitter that “there was no session with employees in any respect,” and that they discovered from The Sunday Occasions that their 5,500-some jobs had been in jeopardy.
The entrance web page of tomorrow’s Occasions is saying that Cineworld is planning to shut all of its cinemas throughout the nation as quickly as this week placing all of our jobs at rapid threat. There was no session with employees in any respect. pic.twitter.com/16fKxGcNnG
— Cineworld Motion Group (@cineactiongroup) October 3, 2020
Cineworld specifically reported a lack of $1.6 billion within the first half of 2020. AMC, the biggest US theater chain, has skilled dire outcomes as a result of pandemic as properly.
Disney/Pixar’s Soul continues to be slated for theaters in November, and each Surprise Lady 1984 and Dune had been anticipated in December, but it surely appears much more seemingly that they’d be delayed if these theaters are closed. At this level, we’re past mere warning: the dominoes are falling.
Cineworld and Regal didn’t instantly reply to requests for remark. Deadline reviews the chain has been radio silent.
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