Alongside Czech Republic and parts of Romania, Slovakia is now among the latest Central European countries to order the re-shuttering of its cinemas amid an escalation of COVID-19 cases, Deadline has confirmed. Movie theaters in Slovakia will close from this Thursday (October 15) after originally closing on March 9 and reopening May 20. A state
Cineworld
With Cineworld and Picturehouse cinemas temporarily closed in the UK from this past Friday, Cineworld Group CEO Mooky Greidinger has written to UK Prime Minister Boris Johnson asking the government to reinstate the furlough program that benefited employees under the exhibition giant’s previous COVID-imposed closure, while also suggesting other measures to aid the industry. In
Exhibition shares headed south Monday amidst a broader market rally as continued delays in big studio releases pushed a major circuit to close its doors, again, and raised a new round of jitters over the long term health of the sector. Regal parent, U.K. chain Cineworld, which is traded in London, saw its share plunge
Thanks, but no thanks, San Francisco Mayor London Breed. While San Francisco County gave the go-ahead for movie theaters to reopen today, members of the National Association of Theatre Owners of California/Nevada have agreed unanimously to remain closed in the City by the Bay. Why? San Francisco’s current ban on movie concessions “makes it economically impossible
Cinemark, the No. 3 theatrical exhibitor in the U.S, has confirmed that they’re currently planning to stay open during the pandemic. The news comes in the wake of Cineworld’s plans to close its Regal movie theaters nationwide on Thursday, Oct. 8 until further notice, in large part due to New York continuing to be shuttered
EXCLUSIVE: Vue International CEO and founder Tim Richards wants to avoid “the nuclear option” of temporarily closing his cinemas in the UK and other overseas markets amid recent shifts to the landscape. However, in the wake of the news that MGM’s No Time To Die was pulling out of November and heading to April 2021,
In the wake of Cineworld’s decision to shutter its UK venues and Regal U.S. theaters, AMC, the No. 1 exhibitor in the world, will remain open. AMC joins No. 3 exhibitor Cinemark in staying open during the pandemic, despite Cineworld and Regal’s plans to close this Thursday. More than 80% of AMC’s U.S. circuit is
EXCLUSIVE: Cineworld Group, the world’s second biggest exhibition chain, today announced plans to temporarily close its Regal movie theaters in the U.S. and its Cineworld and Picturehouse sites in the UK as coronavirus wreaks havoc with the industry. Cineworld CEO Mooky Greidinger tells Deadline the decision primarily came down to New York Governor Andrew Cuomo’s
The town is still shell-shocked by yesterday’s news about Cineworld’s pending indefinite shutdown of its UK theaters this coming week and what we’re hearing now looks to be an expected partial shutdown of the U.S. No. 2 chain Regal. Cineworld remains radio silent. On Friday, distributors received word from Regal that out of their 340-400
In response to MGM’s No Time to Die moving out of the Thanksgiving corridor to Easter weekend 2021, Cineworld is closing down 128 of its UK and Ireland cinemas as well as its U.S. Regal chain as of next week according to reports. This is the first massive exhibition casualty during the pandemic. It remains to
AMC Entertainment has filed to sell 15 million shares of common stock to raise fresh cash, the second exhibition distress call today after Regal parent Cineworld of the U.K. posted a brutal results for first six months of the year. Regal is the largest circuit in the U.S., AMC the second. Exhibitors shut down in
After being closed for over five months, Cineworld reopened about 200 of its Regal Cinemas in the U.S. this past weekend. Health and safety measures — which required an investment in the millions across the parent company’s full estate — were in place, and the response from audiences was “encouraging,” says Cineworld Group CEO Mooky
EXCLUSIVE: Those in town assuming that one of the other big exhibition circuits will fall in line with AMC and seek their own 17-day theatrical window-PVOD deal with Universal will soon realize that it will be a cold day in hell. Cineworld CEO Mooky Greidinger, who oversees the world’s second largest chain, exclusively tells Deadline
As Regal Entertainment owner Cineworld prepares to re-open its movie theaters, the group has agreed a $250M secured debt facility with a set of private institutional investors. The new facility reaches maturity in 2023 and follows covenant amendments and a revolving credit facility increase of $110M set at the end of last month. Under that
Regal Entertainment owner Cineworld Group has confirmed it will re-open cinemas in some of its markets during the last week of June, with all theaters expected to be back online during the course of July. Cineworld chief Mooky Greidinger had previously told Deadline he expected a late June/early July start back to operations, while the
Canadian largest exhibition chain Cineplex on Monday said it is working toward reopening six theaters in Alberta on June 26, the first step in a plan to “reopen as many of its locations as it can” on July 3. Cineplex has 165 cinemas and 1,695 screens, which accounts for about 75% of the country’s market
U.K. exhibition giant Cineworld is backing out of a deal to acquire Cineplex of Canada claiming the company has both breached the deal terms and experienced an unspecified “material adverse effect” that has caused Cineworld to pull out. In a tortuously worded press release late Friday, Cineworld — the owner of U.S. chain Regal –indicated
Giant U.K. exhibitor Cineworld said it will open theaters in July when it currently anticipates restrictions on cinemas will be lifted in each of its territories, and that it antcipates a cash infusion from government COVID-19 relief programs in the U.K. and U.S. along with new loans. “Subject to this [restrictions being lifted] and confirmation
Not to deflate the rousing round robin of mudslinging between AMC, Cineworld and Universal, but this whole OMG melee between exhibition and studios over PVOD, theatrical-window crunching and hurt feelings is poised to calm down soon. Some industry insiders believe the situation has already eased, and the statements made Thursday morning on Comcast’s Q1 earnings
EXCLUSIVE: Following yesterday’s flurry of dramatic exchanges involving AMC, the National Association of Theatre Owners and Universal, Regal Entertainment owner Cineworld Group has now added its voice to the chorus of windows controversy surrounding Trolls World Tour. The world’s second biggest circuit says its policy with respect to the window “is clear, well known in
As it faces up to the huge coronavirus challenge, exhibition giant Cineworld has suspended payment of its 2019 fourth quarter dividend of 4.25c per share and upcoming 2020 quarterly dividends in a bid to “conserve cash wherever possible”. The Regal-owner also announced today that executive directors will defer payment of their salaries and bonuses. Non-executive
EXCLUSIVE: As movie theaters have shuttered around the globe due to the ongoing coronavirus pandemic, exhibition is among the front line of industry sectors feeling the crisis. Cineworld Group, which owns Regal Entertainment in the U.S. and is the world’s second biggest circuit, has faced challenges recently, including closing cinemas until further notice, a share
With the closure of movie theaters nationwide out of safety during the coronavirus, layoffs have been rampant, however, the big three exhibitors have been contending with these atrocious times in varying degrees of severity. Word began to spread last week among distribution folks that Regal had been the most acerbic out of the three chains