"Cineworld is shuttering all 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.
Variety understands from sources that the chain will close all sites in both countries as early as this week, with staff notified ahead of Monday. Regal is the second largest domestic chain in the U.S., while Cineworld is the U.K.’s biggest cinema operator.
In the U.K., Cineworld, which declined to comment, is understood to be writing to Prime Minister Boris Johnson and Culture Secretary Oliver Dowden this weekend to explain that the exhibition sector is “unviable” due to studios delaying tentpoles as a result of anxious audiences steering clear of cinemas amid the global pandemic. The Cineworld closures will put up to 5,500 jobs at risk in the U.K."
Sources indicate a reopening date hasn’t yet been set, but cinemas could stay closed until 2021.
"The delay is another major blow to theaters. Without “No Time to Die,” Pixar’s “Soul” on Nov. 20 is the next big movie slated for theatrical release. However, there are rumblings that Disney will move the animated adventure and possibly even put it on Disney Plus, the studio’s subscription streaming service. Two Warner Bros. titles, “Wonder Woman 1984” and “Dune,” are still set for December, though there’s a chance those could be postponed again as well."
Cineworld is shuttering all U.S. and U.K. cinemas this coming week, just days after “No Time to Die” was pushed to April 2021.
variety.com