Sun
Oct 4 2020
10:24 am
By: michael kaplan

from Variety:

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.

michael kaplan's picture

Update from Cineworld

"We can confirm we are considering the temporary closure of our U.K. and US cinemas, but a final decision has not yet been reached. Once a decision has been made we will update all staff and customers as soon as we can."

Cineworld may be holding out for some UK stimulus funding ...

London (CNN Business)

Speaking in parliament, UK Finance Minister Sunak said that significant job losses are the most "urgent challenge" the UK economy faces, as he announced a package of tax breaks, restaurant discounts and jobs programs designed to bolster employment as the government prepares to withdraw wage subsidies in October.

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