Hundreds of Regal, Cineworld movie theaters to close
Cineworld Group Plc said Monday that it would close 536 Regal cinemas in the U.S. and 127 Cineworld and Picturehouse venues in the U.K. this week, affecting some 45,000 employees. Last week groups representing theater owners, movie studios and directors issued a plea to U.S. lawmakers to provide relief to ailing movie theaters. Cineworld had also been highly leveraged, having largely funded its acquisition of Regal Entertainment in 2018 through debt. Greidinger hopes that that might be settled before Christmas, in time for โWonder Woman 1984.โโI will be the happiest man to open the cinemas for โWonder Woman," he said. โBut we will also need to look beyond โWonder Womanโ to January and February.โ