Regal to Temporarily Suspend U.S. Theatre Operations on October 8

Decision Driven by Ongoing Theatrical Calendar Delays and the Continued Closure of New York and Other Key U.S. Markets

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Oct 05, 2020, 02:10 ET

KNOXVILLE, Tenn., Oct. 5, 2020 /PRNewswire/ -- In response to an increasingly challenging theatrical landscape and sustained key market closures due to the COVID-19 pandemic, Cineworld, parent company of Regal, today announced that it will be temporarily suspending operations at all of its 536 Regal theatres in the U.S., as of Thursday, October 8, 2020.

"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.– from putting in place robust health and safety measures at our theatres to joining our industry in making a collective commitment to the CinemaSafe protocols to reaching out to state and local officials to educate them on these initiatives. We are especially grateful for and proud of the hard work our employees put in to adapt our theatres to the new protocols and cannot underscore enough how difficult this decision was," said Mooky Greidinger, CEO of Cineworld.

As major U.S. markets, mainly New York, remained closed and without guidance on reopening timing, studios have been reluctant to release its pipeline of new films. In turn, without these new releases, Cineworld cannot provide customers in both the U.S. and U.K. – the company's primary markets – with the breadth of strong commercial films necessary for them to consider coming back to theaters against the backdrop of COVID-19. These closures will impact approximately 40,000 employees across the U.S.

Greidinger added, "Despite our work, positive feedback from our customers and the fact that there has been no evidence to date linking any COVID cases with cinemas, we have not been given a route to reopen in New York, although other indoor activities – like indoor dining, bowling and casinos were already allowed. 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. As such, it is simply impossible to continue operations in our primary markets."

Regal will continue to monitor the situation closely and will communicate any future plans to resume operations at the appropriate time, when key markets have more concrete guidance on their reopening status and, in turn, studios are able to bring their pipeline of major releases back to the big screen.

About Regal:
Regal, a subsidiary of the Cineworld Group, operates one of the largest and most geographically diverse theatre circuits in the United States, consisting of 7,076 screens in 536 theatres in 42 states along with the District of Columbia and Guam as of September 30, 2020. We believe that the size, reach and quality of the company's theatre circuit provides its patrons with a convenient and enjoyable moviegoing experience. We are committed to being "The Best Place to Watch a Movie!" Additional information is available on Regal's website: REGmovies.com.

Media Contact:
Richard M. Grover
Regal, Vice President of Communications
(865) 925-9539

SOURCE Regal