Cineworld to close in the US and UK after 'No Time To Die' delay leaves it with no new releases to market
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With the latest James Bond outing “Not Time To Die” officially being postponed to 2021, a major theater chain is being forced to temporarily close all of its locations in the U.S. and U.K. thanks in part to a lack of new releases.
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“No Time to Die” was expected to be a major cog in getting the theater machine up and running again after being majorly impacted by COVID-19 shutdowns. Last week, filmmakers went as far as to sign a letter to Congress asking for financial assistance to avoid letting America’s theaters become another casualty of the coronavirus pandemic.
Now, The Hollywood Reporter notes that Cineworld, the second-largest global exhibitor behind AMC in the U.S., is planning to temporarily close or keep shut all of its locations in the U.S. and U.K.
The British-based company has 120 sites throughout the U.K., where it is the biggest circuit, and operates roughly 540 locations in the U.S. under the Regal Cinemas banner. Although some of its U.K. locations had reopened in July per the government’s guidelines, a lot of its U.S. locations remained closed due to the ongoing pandemic. Now, with little to no new releases to market around, Cineworld and its competitors are in dire straights as there’s nothing to draw already weary crowds back.
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