Regal Cinema Is Closing 536 Theaters, Over 40,000 Employees Are Losing Their Jobs

The company annouced, starting Thursday the theater will suspend 536 locations due to the conoravirus pandemic. The temporay closing is expected to impact almost 40,000 employees.

With the pandemic effecting many businessness and film companies being reclutent to release films to the markert, The Regal Cinema, made a executive descion sutiable for the corporation.

As indicated, Regal will continue to monitor the pandemic, and will communicate future plans regarding a potential return to operations once key markets develop a concrete plan to resuming business and studios can obtain reliable theatrical release.

"Without these new releases, Cineworld cannot provide customers in both the U.S. and U.K. — the company's primary markets — with the breadth of strong commercial films necessary fo them to consider coming back to theaters against the backdrop of COVID-19," the company said in a press statement, while company CEO Mooky Greidinger added: “This is not a decision we made lightly, and we did everything in our power to support a safe and sustainable reopening in the U.S., from putting in place robust health and safety measures at our theaters to joining our industry in making a collective commitment to the CinemaSafe protocols to reaching out to state and local officials to educate them on these initiatives."