ORANGE COUNTY, CA — Regal Cinemas may close all 543 of its theaters in the United States as early as this week due to continued revenue losses from the coronavirus pandemic. On Sunday, Cineworld, which operates 543 Regal Theatres in the U.S., confirmed it was mulling the closures. On Friday, the share price was hovering just below 40 British pounds (about $52) – but with the new closures, it plummeted below 17 pounds (about $22) on Monday before recovering some of those losses. Shares in the company that owns the Regal, Cineworld and Picturehouse movie theaters fell as … On Monday, the company announced it will … Rob Kim/Getty Images Regal Cinemas on Monday said it was closing 536 US theater locations because of a lack of new releases. More than 7,000 movie screens will be dark in the U.S. this weekend as the Regal theater chain said it will shut down all 536 locations on Thursday. Regal Cinemas (formerly Regal Entertainment Group) is an American movie theater chain headquartered in Knoxville, Tennessee. A total of 45,000 workers will be left unemployed if the decision is made, according to reports. State Police investigating COVID-19 vaccine distribution outside of... After summer of protests, what's next for the Black Lives Matter movement? The company had previously set its … ABC's Will Ganss has the details. He also aired frustration that Regal can't yet operate in New York state, a key U.S. market, although some indoor venues such as bowling alleys and casinos have been allowed to resume business. Gifts for people who got really into cooking during the... Adidas face masks are back in stock, but already selling out, Masks aren't going anywhere even if you get the COVID vaccine, Why 'A Christmas Carol' invented time travel. And now, one chain will be shuttering for good. LONDON - Shares in the company that owns the Regal, Cineworld and Picturehouse movie theaters fell as much as 58% after it said it will temporarily … Regal Cinemas Suspending Operations at All U.S. Regal Cinemas owner seeks rescue package and considers permanently closing some theaters as chain struggles to survive pandemic. Disney canceled the theater release of "Mulan," instead putting it out on its online platform, and the release of the next James Bond movie was delayed from November until April of next year. The closure reflects "an increasingly challenging theatrical landscape" due to the COVID-19 pandemic and is temporary, the chain said. As of this moment, the closures would be temporary, according to reports. (Philip Kamrass / Times Union ). Regal Cinemas to close theaters indefinitely 01:07. ", While the company calls the closures temporary, it did not name a date for a possible resumption of business, saying it will "continue to monitor the situation closely.". (Philip Kamrass / Times Union ), View of the Regal Cinemas at the newly renovated Clifton Park Center on Thursday Feb. 9, 2012 in Clifton Park, NY. You can reach him at Edward.McKinley@timesunion.com. The Madison Theatre, which only recently reopened in Albany before the pandemic, has been able to still do some business because it also makes food, hosting what it calls "jailbreak trivia" and open mic comedy nights. Regal Cinemas is officially closing all of its locations in the U.S. and U.K., according to a recent statement from Regal's parent company, Cineworld Group. These $20 Amazon leggings are a great Lululemon dupe, There is a place to buy PS5, but it's gonna cost you extra, 7 expensive home fitness machines worth buying. Most of the Regal Cinemas in the Capital Region are tied to malls, including the 18-theater Regal at Crossgates. Regal Cinemas EXCLUSIVE: In sign of what many are expecting is to come for all theaters in the U.S., Regal Cinemas is shutting down all their locations starting Tuesday, March 17 as a … October 05, 2020 at 09:22 AM EDT Cineworld is rolling the credits on hundreds of Regal cinemas across the United States. Cineworld, the parent company of Regal Cinemas, is reportedly planning to lock the doors of its movie theaters in the U.S. going forward due to the harm done to … "If you look at our metrics, we started with the most essential businesses that posed the least risk. Regal is the second-largest film exhibitor in the U.S., after AMC Theatres. Regal cinemas to close down temporarily, impacting 45,000 jobs The world's second-biggest cinema operator made the move after studios pulled major releases such as … The nation's second largest movie theater operator says it will stay closed through the new year. After Variety reported that all Regal Cinemas … Regal Cinemas, the second-largest theater chain in the U.S., has postponed its planned reopening indefinitely. ... — The second-largest movie theater chain in the United States is temporarily closing its doors Thursday. Life is going to the movies.' Regal Cinemas might be closing all 543 of its theaters in the United States as early as this week due to continued revenue losses from the coronavirus pandemic. Regal Cinemas says with … Regal, which is owned by Cineworld, will be closed beginning Tuesday. "I’m sure there’s a whole group of people who say, 'I cannot live without going to the movies. Hollywood has struggled greatly since COVID-19 hit. After the news was first broken Saturday night, the company confirmed that it was considering the move, but a final decision had not been made yet. He previously reported for The Kansas City Star newspaper, and he originally hails from the great state of Minnesota. The closure is putting 45,000 people out of work. Regal is the second-largest film exhibitor in the U.S., after AMC Theatres. Cineworld, which owns Regal Cinemas, said it could not entice moviegoers back without a … Regal is shutting down theaters again less than two months after it started to reopen U.S. locations in late August. View of the entrance to the Regal Cinemas at the Clifton Park Center on Thursday Nov. 16, 2011 in Clifton Park, NY. The theater chain -- … Then last month Cuomo explained that the state would only be able to open up more fully when the infection rate is safely below 1 percent. The postponed titles include likely blockbusters such as the superhero movies Wonder Woman 1984 and Black Widow along with A Quiet Place Part II and Candyman. ALBANY — All Regal Cinemas in the United States will close indefinitely at the end of the day Thursday — with the company saying it is "mainly" because of … Cineworld, the parent company of Regal Cinemas, is reportedly planning to lock the doors of its movie theaters in the U.S. going forward due to the harm done to the industry by COVID-19. Regal's owner, Cineworld, recently announced that they are temporarily closing all their locations in the U.S. and United Kingdom due to challenges posed by the COVID-19 pandemic. Alex Scott/Bloomberg via Getty Images There are a number of other theaters in the Capital Region. The decision was announced after the James Bond franchise's No Time to Die was shelved until 2021, further pushing back a release that had already been delayed. 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 … The theater company announced Monday that, beginning Thursday, it … Regal Cinemas says with not enough new movies coming out, it is losing more money staying open than closed. 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 … Locations Second-largest U.S. cinema chain is closing its doors again as high-profile movies vacate calendar He is a 2019 graduate of the Missouri School of Journalism and a 2020 graduate of Georgetown's Master's in American Government program. Some 40,000 Regal theater employees are now facing a furlough across the U.S. after the movie chain announced it's closing all locations. Regal's decision is being influenced by the persistent closing of theaters in major cities such as Los Angeles and New York City, according to the Journal report. ABC's Will Ganss has the details. The three main theatre brands operated by Regal Entertainment Group are Regal Cinemas, Edwards Theatres, and United Artists Theatres. But on a relative scale, a movie theater is less essential and it poses a high risk," Cuomo said in August. WESTLAKE, OH — Regal Cinemas will close its 543 theaters in the United States Thursday due to continued revenue losses from the coronavirus pandemic. Companies saw the writing on the wall. I get that. Edward McKinley reports on New York state government and politics for the Times Union. Regal, the second-largest cinema chain in the U.S., announced Monday it will temporarily be closing all theaters as the COVID-19 pandemic rages on … The owner of Regal Cinemas is closing its U.S. theaters, with 40,000 jobs at stake. New York’s iconic Regal Cinema on 42nd St. Regal Cinemas has announced that beginning on Tuesday, March 17, all of its theater locations will close in response to the coronavirus outbreak. (Philip Kamrass / Times Union ), Troy Mayor Patrick Madden tests positive for COVID-19, Former longtime Assembly member William Magee dies at 81, Belleayre Mountain reopens after Christmas Day avalanche, The year in review for women and girls in sports, Ian Anderson is the TU's Sportsperson of the Year, New York leaders announce special session to pass eviction ban until May, Albany County hits new COVID-19 hospitalization high. Capital Region malls, hotels struggle with debt in wake... A view of the Regal Cinemas at Colonie Center Mall on Sunday, Oct. 4, 2020, in Colonie, N.Y. (Paul Buckowski/Times Union), View of signs near the entrance to the Regal Cinemas at the Clifton Park Center on Thursday Nov. 17, 2011 in Clifton Park, NY. Regal is the first U.S. circuit to make a blanket announcement. In a statement, Greidinger emphasized that "there has been no evidence to date linking any COVID cases with cinemas." Andrew M. Cuomo gives the go-ahead for theaters to open in the state. In addition, Disney shifted several high-profile releases to online-only, including Mulan. Smaller movie houses, such as the Spectrum 8 - which is part of a chain called Landmark Theatres - as well as the Madison Theatre and Scotia Cinema, have also not announced closures. Roughly 40,000 Regal employees across the U.S. now face a work furlough, the company told NPR. Owner Cineworld Group PLC is reportedly in … Movie theater owners to Cuomo: What about us? It is a subsidiary of Cineworld Group, which is based in the U.K. – where the corporation is also closing more than 100 theaters. ALBANY — Most movie theaters in the Capital Region could remain closed indefinitely — even if Gov. "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 Mooky Greidinger, CEO of Cineworld, noting the chain's safety precautions for staff and moviegoers. The second largest cinema chain in the US is temporarily closing its doors nationwide. Regal Cinemas might close for good - even after New York allows them to reopen. Bow-Tie Cinema, which runs Movieland 6 in Schenectady and Wilton Mall Cinema, proudly announced recently it had reopened in Connecticut and New Jersey. Virtually every major theatrical release scheduled this year has either been pushed to next year, or announced for streaming services. Regal operates the second-largest theater circuit in the United States, with over 7,307 screens in 564 theaters as of June 2016. Regal Cinemas is officially closing all of its locations in the U.S. and U.K., according to a recent statement from Regal's parent company, Cineworld Group. There are 44 Regal Cinemas in New York, including in Albany, Colonie, East Greenbush, Clifton Park and Queensbury. The nation's second largest movie theater operator says it will stay closed through the new year. Some 40,000 Regal theater employees are now facing a furlough across the U.S. after the movie chain announced it's closing all locations. That rate has climbed over the last week, driven largely by outbreaks in downstate and in New York City. ORIGINAL POST FOLLOWS: This is good news for efforts to slow the spread of COVID-19 but bad news for thousands of theater employees. Good Day Sacramento. Movie studios have delayed dozens of big releases over the past six months as cinemas sat empty or showed films only to limited audiences. But some have been hit harder than others, including entertainment venues, from stadiums to concert halls to movie theaters. "The prolonged closures have had a detrimental impact on the release slate for the rest of the year, and, in turn, our ability to supply our customers with the lineup of blockbusters they've come to expect from us," Greidinger said. If they were to go out-of-business it would be a blow not only to moviegoing in the Capital Region, but also to the already struggling malls they are attached to. And then it was a gradation down to the least essential businesses that posed the most risk," the governor said in August. They, along with all other movie theaters, remain closed right now regardless due to the pandemic, although Cuomo has issued guidelines to allow the reopening of schools, restaurants, gyms and casinos. House of the Week: Tudor Revival Mansion in Loudonville, Essex County boat craftsman dies suddenly after family hike, Photos: Snow damage at Belleayre Mountain, New York ponders mandatory vaccinations if herd immunity fails, New York's mass-vaccination plans are shelved as Cuomo takes different path. Regal Cinemas Closing All U.S. The mall has remade itself with restaurants, a hotel and theaters. But the U.S. box office for the flick has reportedly been disappointing. "As such, it is simply impossible to continue operations in our primary markets. The company acknowledged in Oct. 2020 it might permanently close as a result of the pandemic shutdown. The chain has 17 locations in Ohio. The coronavirus has hammered Cineworld's stock price, which commanded around $275 one year ago. Movie distributors had pinned high hopes on "Tenet," the Christopher Nolan-directed action movie released in the late summer, to inspire movie-goers to mask-up, brave the pandemic and go back to the cushy seats of their local theater. Movie theaters just got the green-light to reopen with limited capacity last week in Sacramento County. Scotia Cinema was selling takeout popcorn. Regal Cinemas is the second largest theater chain in the United States, with 549 locations across the U.S. and its territories. hide caption. More than 5,000 employees in the U.K. will also be affected, the BBC reported. A Regal Cinemas seen closed on May 3 in New York City. Theaters After No Time to Die Delay By Adam Barnhardt - October 3, 2020 08:58 pm EDT Hours after news surfaced Cineworld was shuttering all locations in … A statement, Greidinger emphasized that `` there has been no evidence to date any. Employees are now facing a furlough across the U.S. after the movie chain announced it 's closing all.. 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