Monday, April 22, 2024

UK Report: Regal Cinemas Shutting Down in Britain, Maybe US, Too, Loss of Movies and Also Big Charitable Giver

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The Times of London is reporting that Cineworld, the company that owns Regal Theaters, is shutting them down in the UK and possibly the US, as well.

The move is a shock since they closed in March and April when the pandemic began, but re-opened where they could in July. But with New York, New Jersey, parts of California and Florida still shut, they may have had no choice.

In New York, Regal has over a dozen sites including Times Square and Union Square. None have been been open since March or April. Regal E Walk in Times Square is a magnet movie going location. It would be devastating to lose it. Ditto Union Square.

The Times of London says that the moving of the James Bond film, “No Time to Die,” was the reason Cineworld decided to shut down for good. They have no major studio movie coming, and no people to fill the seats.

In the US Regal operates out of Chattanooga and Knoxville, Tennessee. They are incredibly charitable. The Regal Foundation has been giving away an average of $5 million a year to groups in Tennessee mostly and some in other states. It would be a shame if that money dries up too. They seem really serious about it.

I’ve tried reaching out to some executives. If I hear anything, there will be an update.

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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