ABC's Will Ganss has the details. Theaters After No Time to Die Delay By Adam Barnhardt - October 3, 2020 08:58 pm EDT Hours after news surfaced Cineworld was shuttering all locations in … The mall has remade itself with restaurants, a hotel and theaters. Most of the Regal Cinemas in the Capital Region are tied to malls, including the 18-theater Regal at Crossgates. After Variety reported that all Regal Cinemas … The second largest cinema chain in the US is temporarily closing its doors nationwide. The decision was announced after the James Bond franchise's No Time to Die was shelved until 2021, further pushing back a release that had already been delayed. Some 40,000 Regal theater employees are now facing a furlough across the U.S. after the movie chain announced it's closing all locations. The company acknowledged in Oct. 2020 it might permanently close as a result of the pandemic shutdown. Regal Cinemas, the second-largest theater chain in the U.S., has postponed its planned reopening indefinitely. The owner of Regal Cinemas is closing its U.S. theaters, with 40,000 jobs at stake. In a statement, Greidinger emphasized that "there has been no evidence to date linking any COVID cases with cinemas." "If you look at our metrics, we started with the most essential businesses that posed the least risk. ORIGINAL POST FOLLOWS: This is good news for efforts to slow the spread of COVID-19 but bad news for thousands of theater employees. "As such, it is simply impossible to continue operations in our primary markets. "This is not a decision we made lightly, and we did everything in our power to support a safe and sustainable reopening in the U.S.," said Mooky Greidinger, CEO of Cineworld, noting the chain's safety precautions for staff and moviegoers. Regal cinemas to close down temporarily, impacting 45,000 jobs The world's second-biggest cinema operator made the move after studios pulled major releases such as … New York’s iconic Regal Cinema on 42nd St. Regal Cinemas Suspending Operations at All U.S. Roughly 40,000 Regal employees across the U.S. now face a work furlough, the company told NPR. (Philip Kamrass / Times Union ), View of the Regal Cinemas at the newly renovated Clifton Park Center on Thursday Feb. 9, 2012 in Clifton Park, NY. October 05, 2020 at 09:22 AM EDT Cineworld is rolling the credits on hundreds of Regal cinemas across the United States. But some have been hit harder than others, including entertainment venues, from stadiums to concert halls to movie theaters. And then it was a gradation down to the least essential businesses that posed the most risk," the governor said in August. Movie distributors had pinned high hopes on "Tenet," the Christopher Nolan-directed action movie released in the late summer, to inspire movie-goers to mask-up, brave the pandemic and go back to the cushy seats of their local theater. Regal Cinemas is officially closing all of its locations in the U.S. and U.K., according to a recent statement from Regal's parent company, Cineworld Group. The coronavirus has hammered Cineworld's stock price, which commanded around $275 one year ago. ORANGE COUNTY, CA — Regal Cinemas may close all 543 of its theaters in the United States as early as this week due to continued revenue losses from the coronavirus pandemic. More than 5,000 employees in the U.K. will also be affected, the BBC reported. The closure is putting 45,000 people out of work. (Philip Kamrass / Times Union ), Troy Mayor Patrick Madden tests positive for COVID-19, Former longtime Assembly member William Magee dies at 81, Belleayre Mountain reopens after Christmas Day avalanche, The year in review for women and girls in sports, Ian Anderson is the TU's Sportsperson of the Year, New York leaders announce special session to pass eviction ban until May, Albany County hits new COVID-19 hospitalization high. Companies saw the writing on the wall. Regal Cinemas owner seeks rescue package and considers permanently closing some theaters as chain struggles to survive pandemic. On Sunday, Cineworld, which operates 543 Regal Theatres in the U.S., confirmed it was mulling the closures. Regal, the second-largest cinema chain in the U.S., announced Monday it will temporarily be closing all theaters as the COVID-19 pandemic rages on … He previously reported for The Kansas City Star newspaper, and he originally hails from the great state of Minnesota. But on a relative scale, a movie theater is less essential and it poses a high risk," Cuomo said in August. The nation's second largest movie theater operator says it will stay closed through the new year. They, along with all other movie theaters, remain closed right now regardless due to the pandemic, although Cuomo has issued guidelines to allow the reopening of schools, restaurants, gyms and casinos. Movie theater owners to Cuomo: What about us? WESTLAKE, OH — Regal Cinemas will close its 543 theaters in the United States Thursday due to continued revenue losses from the coronavirus pandemic. Andrew M. Cuomo gives the go-ahead for theaters to open in the state. Scotia Cinema was selling takeout popcorn. Some 40,000 Regal theater employees are now facing a furlough across the U.S. after the movie chain announced it's closing all locations. "The prolonged closures have had a detrimental impact on the release slate for the rest of the year, and, in turn, our ability to supply our customers with the lineup of blockbusters they've come to expect from us," Greidinger said. Cineworld, which owns Regal Cinemas, said it could not entice moviegoers back without a … Regal's owner, Cineworld, recently announced that they are temporarily closing all their locations in the U.S. and United Kingdom due to challenges posed by the COVID-19 pandemic. There are a number of other theaters in the Capital Region. Rob Kim/Getty Images Regal Cinemas on Monday said it was closing 536 US theater locations because of a lack of new releases. hide caption. The theater chain -- … LONDON - Shares in the company that owns the Regal, Cineworld and Picturehouse movie theaters fell as much as 58% after it said it will temporarily … Movie studios have delayed dozens of big releases over the past six months as cinemas sat empty or showed films only to limited audiences. The closure reflects "an increasingly challenging theatrical landscape" due to the COVID-19 pandemic and is temporary, the chain said. ... — The second-largest movie theater chain in the United States is temporarily closing its doors Thursday. Regal Cinemas to close theaters indefinitely 01:07. Movie theaters just got the green-light to reopen with limited capacity last week in Sacramento County. Shares in the company that owns the Regal, Cineworld and Picturehouse movie theaters fell as … State Police investigating COVID-19 vaccine distribution outside of... After summer of protests, what's next for the Black Lives Matter movement? ALBANY — Most movie theaters in the Capital Region could remain closed indefinitely — even if Gov. Cineworld, the parent company of Regal Cinemas, is reportedly planning to lock the doors of its movie theaters in the U.S. going forward due to the harm done to the industry by COVID-19. Good Day Sacramento. Owner Cineworld Group PLC is reportedly in … ", While the company calls the closures temporary, it did not name a date for a possible resumption of business, saying it will "continue to monitor the situation closely.". He is a 2019 graduate of the Missouri School of Journalism and a 2020 graduate of Georgetown's Master's in American Government program. Regal's decision is being influenced by the persistent closing of theaters in major cities such as Los Angeles and New York City, according to the Journal report. The company had previously set its … The Madison Theatre, which only recently reopened in Albany before the pandemic, has been able to still do some business because it also makes food, hosting what it calls "jailbreak trivia" and open mic comedy nights. You can reach him at Edward.McKinley@timesunion.com. Smaller movie houses, such as the Spectrum 8 - which is part of a chain called Landmark Theatres - as well as the Madison Theatre and Scotia Cinema, have also not announced closures. Regal is the first U.S. circuit to make a blanket announcement. The postponed titles include likely blockbusters such as the superhero movies Wonder Woman 1984 and Black Widow along with A Quiet Place Part II and Candyman. More than 7,000 movie screens will be dark in the U.S. this weekend as the Regal theater chain said it will shut down all 536 locations on Thursday. "I’m sure there’s a whole group of people who say, 'I cannot live without going to the movies. Regal Cinemas might be closing all 543 of its theaters in the United States as early as this week due to continued revenue losses from the coronavirus pandemic. Regal Cinemas Closing All U.S. (Philip Kamrass / Times Union ). Regal is the second-largest film exhibitor in the U.S., after AMC Theatres. It is a subsidiary of Cineworld Group, which is based in the U.K. – where the corporation is also closing more than 100 theaters. Regal Cinemas EXCLUSIVE: In sign of what many are expecting is to come for all theaters in the U.S., Regal Cinemas is shutting down all their locations starting Tuesday, March 17 as a … Regal Cinemas says with not enough new movies coming out, it is losing more money staying open than closed. Bow-Tie Cinema, which runs Movieland 6 in Schenectady and Wilton Mall Cinema, proudly announced recently it had reopened in Connecticut and New Jersey. New York/London (CNN Business) Cineworld Group, the owner of Regal Cinemas, will suspend operations at all of its theaters in the United States and … Then last month Cuomo explained that the state would only be able to open up more fully when the infection rate is safely below 1 percent. Regal Cinemas might close for good - even after New York allows them to reopen. View of the entrance to the Regal Cinemas at the Clifton Park Center on Thursday Nov. 16, 2011 in Clifton Park, NY. After the news was first broken Saturday night, the company confirmed that it was considering the move, but a final decision had not been made yet. If they were to go out-of-business it would be a blow not only to moviegoing in the Capital Region, but also to the already struggling malls they are attached to. 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