Regal movie theaters across the US shut down this week

Regal Cinemas is temporarily suspending operations at all 536 of its theaters in the United States due to continued revenue losses from the coronavirus pandemic, its parent company Cineworld announced Monday

Doors are closing once again at Regal Cinemas.

“It’s sad man that’s my one thing that I do know is go to the movies, I love to get away sometimes I go by myself," said Marcus Hawkins, a movie-goer.  

This stunning announcement on twitter notifying movie-goers that regal cinemas will be shutting down all theaters on Thursday until further notice. 

“I am really disappointed that its put alot of people out of work there’s nothing like seeing a movie on the big screen you know so its disappointing in that regard," said Mark Bryan, a movie-goer.

This closure follows that James Bond bombshell "No Time to Die," which was suppose to be released in November. Now pushed back to next year due to the pandemic crisis. Some were waiting on new releases. 

“The new James Bond also the Fast and Furious Nine that was suppose to drop this year but was pushed back to next year because of COVID.” 

Regal’s parent company Cineworld also reported a 1.6 billion dollar loss this year.

Mary Pickford’s general manager, Ted Hane understands the struggles movie theaters are facing. 

“It's difficult to watch, you know, really your industry leaders struggling.  i mean, in this case, they're struggling right alongside of us,"said Hane.

Hane said business is slow and they have had to cut some their show times on the weekends too. 

“We're probably 15% of our normal business, which is very low in comparison to what we normally would be doing," said Hane. "And we've already lost millions of dollars this year. so it's a real challenge for us to calculate should we stay open or closed.” 

Despite one of his competitors temporary leaving the business, Hanes said he could see a boost in foot traffic but there could be another challenge. 

“If people filmmakers are maybe on lower budget films that aren't temporal creations, if they can't put their films into a certain amount of screens and Regal would be one of those, folks that might help them achieve that goal," said Hane. " It could create a secondary wave of additional films that get pulled or misplaced.”

The theaters will close on Thursday, and the company will continue to monitor the market and adjust their plans accordingly, the announcement said.