Cinema chain Cineworld has confirmed plans to temporarily close its UK and US locations after major studios began postponing their major movie releases in order to await better audiences.
The decision affects around 45,000 employees in both countries – Cineworld’s two main markets.
Starting this Thursday, 127 Cineworld and Picturehouse theaters in the UK and 536 Regal theaters in the US will be closed.
Mooky Greidinger, CEO of Cineworld, said, “This is not a decision we made lightly and we have done everything in our power to support safe and sustainable reopenings in all of our markets – including meeting and often exceeding the local health and safety guidelines in our theater markets; and working constructively with regulators and industry associations to restore public confidence in our industry.
“We are especially grateful and proud of the hard work our staff has done to adapt our theaters to the new protocols and we cannot emphasize enough how difficult this decision was. Cineworld will continue to monitor the situation closely and will announce future plans to resume operations in these markets in due course when the key markets have more specific guidance on their reopening status and the studios are in turn able to get their main pipeline releases back to the big screen. “