Regal Cinemas Shuts Down in U.S. Temporarily
Regal Cinemas is temporarily closing down all of its U.S. locations while its parent considers UK closures as well.R.T. Watson reported the news for the Wall Street Journal:The second-largest cinema chain in the U.S. is closing all of its locations nationwide after reopening in August, escalating the pandemic-driven crisis facing the entertainment industry.Cineworld Group CNWGY 12.82% PLC’s Regal Entertainment Group’s decision to suspend operations at its more than 500 locations this coming Thursday follows a cascade of postponements for big-budget Hollywood films, most recently the James Bond title “No Time to Die.”Reuters’ Kate Holton and Aakriti Bhalla wrote:The Regal cinema…
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