Struggling Regal Cinemas plans to close all of its U.S. movie theaters, according to multiple reports.
British parent-company Cineworld will shutter 543 U.S theaters indefinitely as well as its locations in the United Kingdom and Ireland after losing $1.64 billion in the first half of the year due in large part to the coronavirus pandemic, Variety.com and Reuters reported.
In Cuyahoga County, Regal has movie theaters at Crocker Park in Westlake, Great Northern Mall in North Olmsted, Middleburg Town Square in Middleburg Heights and Richmond Town Square in Richmond Heights. Regal also has theaters at Montrose and in Cuyahoga Falls in Summit County.
The tipping point, according to Reuters, was the delayed release of the new James Bond film “No Time To Die,” from November to April 2021.
Movie theaters were allowed to reopen at 25% capacity in New Jersey last month after being closed since March when the pandemic started.
Crowds have been light at theaters across the U.S. since they reopened, Reuters reported.
Regal is the second-largest theater chain in the U.S behind AMC.
Published by Cleveland.com