Michael Woyton , Patch Staff Posted Mon, Oct 5, 2020 at 10:27 a m ET | … That’s why Regal’s parent company Cineworld could be closing all of its U.S. locations. 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. Experience the ultimate in movie sight and sound. The network is running a pre-taped interview to counter claims made by pro-Trump guests and hosts on election fraud. Tencent Group buys another 10% of Vivendi’s Universal Music. “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. Movie theaters are reopening. With studios holding back their movies amid the uncertainty, theaters will continue to look for ways to preserve cash, analysts said. 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. New York’s iconic Regal Cinema on 42nd St. Cineworld Group Plc. AMC’s liquidity will continue to deteriorate over the next six months if attendance does not dramatically improve, the agency said. Disney studio cochairman Alan Horn passes reins to Alan Bergman. He holds a master’s in journalism from USC’s Annenberg School and a bachelor’s in English from UC Santa Barbara. Marcus Corp. shares declined 8%, or 64 cents, to $7.42, while Cinemark’s stock dropped 16%, or $1.65, to $8.44. Apple TV+. RPX. These closures will … “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.”. L.A. County is testing to see whether a potentially more contagious coronavirus strain is in the community. Regal is the second-largest exhibitor in the U.S., after AMC Theatres. The world's second-biggest cinema operator made the move after studios pulled … ScreenX. “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. The National Assn. 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. There are eight Regal theaters in the Chicago area that will close by Thursday. The decision puts 40,000 U.S. employees out of work. When is Regal closing temporarily After our last evening screening on Thursday 8 October at all theatres currently open in the US. 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. ‘Wonder Woman 3' in the works as ‘Wonder Woman 1984' exceeds box office projections. During the pandemic, however, some have tampered with the theatrical “window” by experimenting with premium digital releases. 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. Regal Cinemas is closing all 44 theaters in New York indefinitely, according to parent company Cineworld. The move sent a jolt through the exhibition community, prompting a Monday self-off of theater stocks on Wall Street. Now they need the last few major markets — like New York — to open. 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