Regal Cinemas Suspending Operations at All U.S. Locations

The second-largest cinema chain in America is likely to close indefinitely all its U.S. locations, after reopening in August, according to a person familiar with the plans, escalating the pandemic-driven crisis faced by the entertainment industry.

Cineworld Group PLC’s Regal Entertainment Group’s potential decision to suspend operations at its more than 500 locations follows a cascade of postponements for big-budget Hollywood films, most recently the coming James Bond title “No Time to Die.” The studio behind the film, MGM…

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SOURCE: The Wall Street Journal – R.T. Watson