HUNDREDS OF REGAL, CINEWORLD MOVIE THEATERS TO CLOSE
In the latest blow to the beleaguered film industry, the second-largest movie theater chain in the U.S. is temporarily shuttering its locations due to a lack of blockbusters on the calendar and major domestic markets like New York remaining closed.
Cineworld Group Plc said 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.
“This is not a decision we made lightly,” said Cineworld CEO Mooky Greidinger.
In the past few
