Regal Cinemas likely to close all US theaters as pandemic continues to slam movie industry, report says
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Regal began reopening theaters in August but may shutter its more than 500 locations around the country amid low turnout. Yet new delays threaten to plunge theaters back into a blackout. MGM Holdings announced Friday it would postpone the release of the latest James Bond film, "No Time To Die," to April from its planned November date. Other major releases including Marvel's "Black Widow" and Warner Bros.' "Wonder Woman 1984" have also been pushed back.
Regal comprises the second-largest theater chain after AMC. Both companies began reopening locations in August but face continued financial pressure as COVID-19 case counts steadily rises throughout the US. Only about two-thirds of locations in the US have opened, and weak box office results for "Tenet" suggest Americans still fear making their way to a theater.
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