With New York closed and Greater Los Angeles only partly reopened (Orange County now allows theaters to operate), cinemas remain shuttered in areas representing about 30% of annual box office sales. Trump's speech makes Stephen Colbert choke up New York/London (CNN Business) Cineworld Group, the owner of Regal Cinemas, will suspend operations at all … Releasing a $200-million movie with major markets closed and a public nervous about going to theaters is too risky for most. How will you let customers know when theatres are up and running again? Struggling Regal Cinemas plans to temporarily close all of its U.S. movie theaters, including 11 in New Jersey, according to multiple reports. Fox News runs fact check in response to defamation charges by voting software firm. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. “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. 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. ", The group owns 127 theaters in the United Kingdom, including Picturehouse Cinemas, and 536 theaters in the United States. Tencent Group buys another 10% of Vivendi’s Universal Music. Movie theaters are opening in Southern California, like the newly refurbished Regal Irvine Spectrum. Find 2 listings related to Regal Theatres in Phoenix on YP.com. Disney previously postponed its Marvel movie “Black Widow” to next year. Now they need the last few major markets — like New York — to open. All rights reserved. Disney+. Regal Crown Club. Nearly 70% of small and midsized theater companies would have to declare bankruptcy or shutter for good without government support, the group said in the letter, signed by the Motion Picture Assn., the Directors Guild of America and dozens of prominent filmmakers. Morningstar: Copyright 2018 Morningstar, Inc. All Rights Reserved. “They have acted responsibly by closing down even before ordered to by states, and reopening with industry-wide safety protocols in place. Get the day's top stories on Hollywood, film, television, music, arts, culture and more. Cinema Action Group, a collective of Cineworld employees in the United Kingdom. Factset: FactSet Research Systems Inc.2018. Horn, a respected executive who was named chairman of Walt Disney Studios in 2012, will remain at the company as chief creative officer. Regal Cinemas closing movie theaters across US, including 9 Illinois locations By Diane Pathieu and Michelle Gallardo Monday, October 5, 2020 CHICAGO (WLS) -- … See reviews, photos, directions, phone numbers and more for Regal Theatres locations in Phoenix, AZ. Better unhappy than sick or worse.”. According to September research by NRG, about half of moviegoers aren’t ready to return, and about a third of the audience wants to wait until a coronavirus vaccine is available. Beyond The Frame. The closures will affect 45,000 employees. More Rewards Your Way! Nonetheless, Eric Wold, an analyst at B. Riley FBR who follows the exhibitors, said in a research note that studios should consider the long-term consequences of letting theaters flounder without new product. The network is running a pre-taped interview to counter claims made by pro-Trump guests and hosts on election fraud. By Jazmin Goodwin and Charles Riley, CNN Business, Updated 0844 GMT (1644 HKT) October 5, 2020. In a surprise move, the owner of Regal Cinemas theaters in the United States says it will close those venues in the coming week, according to a report from the … Most stock quote data provided by BATS. All rights reserved. News of the shutdown came as a surprise to many Cineworld staff. Regal cinemas to close down temporarily, impacting 45,000 jobs. She hopes ‘Wonder Woman 1984' will end it on a high. Regal Cinemas, the nation's second-largest theater chain, will close its doors across the country as the film industry continues to be hard hit by the coronavirus pandemic. New York’s iconic Regal Cinema on 42nd St. L.A. Affairs: ‘Why would I date you?’ Ouch. Regal Cinemas is closing all 44 theaters in New York indefinitely, according to parent company Cineworld. Apple TV+. But on a scary, snowy night decades ago, the chaos of my mother’s drinking finally gave way to a real Christmas miracle. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC 2018 and/or its affiliates. Regal Cinemas To Close Movie Theaters Temporarily Again (CBS/CNN) — Cineworld Group, the owner of Regal Cinemas, will suspend operations at all of its theaters in the United States and the United Kingdom beginning on Thursday. The deal values the world’s biggest music company at $36.8 billion. Mayor Eric Garcetti says it appears likely. Movie theaters are reopening. What happened to Maria Bartiromo? Will there be any new films to show? L.A. County is probing whether a new, more contagious COVID strain is spreading locally. When is Regal closing temporarily After our last evening screening on Thursday 8 October at all theatres currently open in the US. Metro-Goldwyn-Mayer Studios, a perennial acquisition target, is working with advisors to find a buyer. But I thought this guy was different. For most movies, though, studios are simply waiting until the business environment is safe, and that’s the obstacle theaters face. Plano, Texas-based Cinemark said it had no plans to shut down its circuit but would begin reducing hours and operating days at its theaters until there are more new movies to show. "‎We understand some people are unhappy but you know what? Tom Cruise rant over COVID-19 safety is latest challenge to U.K.'s filming restart. Credit ratings agency S&P Global last week lowered its debt rating on AMC to CCC- from CCC, indicating that the heavily leveraged company would continue to struggle with attendance levels depressed. Theaters After No Time to Die Delay By Adam Barnhardt - October 3, 2020 08:58 pm EDT Hours after news surfaced … How the plus sign won the streaming wars. said Monday that 536 Regal cinemas in the U.S. and 127 Cineworld and Picturehouse venues in the U.K. would close on Thursday. In a statement released on Monday, the company said it could not provide customers "with the breadth of strong commercial films necessary for them to consider coming back to theaters against the backdrop of Covid-19. 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. Cuomo senior advisor Richard Azzopardi pushed back on the notion that New York was to blame for the theater industry’s struggles. The holidays can be brutal for children of alcoholics, especially amid a pandemic that traps families at home. 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. "In response to an increasingly challenging theatrical landscape and sustained key market closures, Regal will suspend operations at all theatres at close of … The decision puts 40,000 U.S. employees out of work. Regal Cinemas, which operates 543 locations in the United States, will be shutting down all of its movie theaters starting Tuesday due to the Coronavirus pandemic. The parent of Regal Cinemas will temporarily shutter its more than 500 U.S. theaters Thursday, as well as its 127 Cineworld and Picturehouse locations in … “We’re moving heaven and earth trying to stop a second wave and people need to acknowledge that we’re still in a pandemic and start to act like it,” Azzopardi said in a statement. AMC fell 10%, or 46 cents, to $4.19 in midday trading. Late on Monday, Warner Bros. said its much-anticipated adaptation of “Dune,” starring Timothée Chalamet, would move from December to next October. 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 … How ‘Wonder Woman 1984' tailored Kristen Wiig’s Cheetah role just for her, Gal Gadot knows this year was rough. That’s why Regal’s parent company Cineworld could be closing all of its U.S. locations. Studios have long relied on big bursts of revenue from premiering films in as many theaters as possible. But will they have new movies to show? Regal Cinemas Closing All U.S. He previously wrote for the Los Angeles Business Journal and Bloomberg News. Leawood, Kan.-based AMC, the world’s largest theater circuit, said on Tuesday that its theaters would remain open. More than a dozen major films, including "Black Widow," "Tenet" and "Wonder Woman 1984," have either been delayed or skipped theaters altogether and gone digital, as in the case of. Regal Cinemas: The national chain with one Valley location in Gilbert is closed indefinitely. New York/London (CNN Business)Cineworld Group, the owner of Regal Cinemas, will suspend operations at all of its theaters in the United States and the United Kingdom beginning on Thursday. “We fear for their future.” That’s studios and directors’ message to Washington about the dire state of the movie theater industry. They need major movies; and they need the Federal government to live up to its responsibilities and provide aid to theaters and similar industries that cannot fully operate during a pandemic.”, Hollywood fears movie theaters ‘may not survive’ COVID-19 pandemic. Cineworld Group Plc said Monday that it would close 536 Regal cinemas in the U.S. and 127 Cineworld and Picturehouse venues in the U.K. this … Day 's top stories on Hollywood, film, television, music arts! Made by pro-Trump guests and hosts on election fraud story has the News! Cineworld is closing in Hawaii music, arts, culture and more for Regal Theatres locations in Phoenix AZ! 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