Cineworld, proprietor of the largest chain of theaters in the UK and Ireland and the second-largest in the United States — Regal Cinemas — will reportedly close all its theaters next week, in line with Variety, The Sunday Times, and others.
Variety reviews that all 543 theaters in the US will be closed, which account for the chain’s 7,000+ screens. The Sunday Times reviews that it will close all 128 theaters in the UK and Ireland, too.
Both say James Bond is the purpose.
Yesterday, the twenty fifth James Bond movie — No Time to Die — was pushed again to April 2021 because of the ongoing pandemic, denying theaters one among the last main tentpole releases due out this 12 months. Apparently, theaters have been relying on Bond, particularly, to reach on time and assist bail them out of poor gross sales.
The information is coming as a shock to Cineworld’s workers, whose motion group acknowledged on Twitter that “there has been no consultation with staff whatsoever,” and that they discovered from The Sunday Times that their 5,500-some jobs have been in jeopardy.
The entrance web page of tomorrow’s Times is asserting that Cineworld is planning to close all of its cinemas throughout the nation as quickly as this week placing all of our jobs at fast threat. There has been no session with workers in anyway. pic.twitter.com/16fKxGcNnG
— Cineworld Action Group (@cineactiongroup) October 3, 2020
Cineworld in explicit reported a lack of $1.6 billion in the first half of 2020. AMC, the largest US theater chain, has skilled dire outcomes because of the pandemic as properly.
Disney/Pixar’s Soul remains to be slated for theaters in November, and each Wonder Woman 1984 and Dune have been anticipated in December, however it appears much more possible that they’d be delayed if these theaters are closed. At this level, we’re past mere warning: the dominoes are falling, and the survival of the theater business could also be in doubt.
Cineworld and Regal didn’t instantly reply to requests for remark. Deadline reviews the chain has been radio silent.