Cineworld to Close Regal and U.K. Venues
Variety is reporting that Cineworld will be closing movie theaters after the announcement that No Time to Die will be released in April 2021. That includes 543 Regal Cinemas in the United States and all cinemas in the U.K. and Ireland. Regal is the second largest domestic theater chain in the US while Cineworld is the largest in the U.K. Theater staff were not informed when the news broke.
The decision to close down is due to movie theaters being “unviable” without tentpoles. But, as can be seen in the weekly numbers, even with tentpoles audiences aren’t going out to see films.
The closure is expected to stay until 2021.
Without No Time to Die, Pixar’s Soul is the next big film to be released and that’s on November 20. But, there’s speculation that the film will be moved or even put on Disney+ like with Mulan. After Soul, Wonder Woman 1984 and Dune, both from Warner Bros., are set for December. There’s expectation both will be delayed yet again as a “second wave” of COVID hits major areas in the next months.