With No New Films, Regal Cinemas Shuts Down Again

Somewhat greater than a month after movie show chains restarted operations within the United States, some are beginning to shut again down.

On Monday, Cineworld, the guardian firm of Regal Cinemas, the second largest theater chain within the nation, introduced that it will briefly shut its 663 theaters within the United States and Britain this week.

Late final week, MGM/Universal introduced that it was delaying the discharge of the brand new James Bond movie, “No Time to Die,” till subsequent 12 months, the newest in a slew of big-budget films which were moved out of 2020 by Hollywood studios. And Christopher Nolan’s “Tenet,” whose Labor Day weekend launch was meant to herald the return of film theaters, continues to battle on the U.S. field workplace, no less than partly as a result of audiences are cautious of theaters.

Cineworld’s choice to shut once more, affecting 40,000 staff within the United States and 5,000 extra in Britain, raised questions on what different chains will do if Hollywood’s launch schedule stays barren.

For occasion, Warner Bros. is suspending releasing the remake of “Dune,” as soon as scheduled for December, till Oct. 1, 2021, based on two individuals acquainted with the studio’s plans who spoke on situation of anonymity as a result of they’d not been made public. Warner Bros. declined to remark.

“If the studios continue postponing all their releases, the movie theaters aren’t going to be there for those postponed releases,” John Fithian, chief govt of the National Association of Theatre Owners, stated in an interview. “They have to consider whether they want the long-term viability of the theater platform to be available to them. And I think they do since about 80 percent of the movies that were scheduled during our closed period have been postponed for future theatrical release and not taken to the home.”

Mr. Fithian additionally pointed to the government-mandated closure of theaters in New York State, house to an important field workplace market due to its dimension and cultural affect, as a significant cause that releases have been being delayed and chains have been struggling financially.

Cinemark, the third largest theater operator within the nation, stated Monday that it will not shut its theaters. (Of its 332 theaters, 264 are open.) But it did say it will contemplate lowering the variety of days and hours they function whereas it “awaits new studio content to encourage theatrical moviegoing.” The smaller theater chain Alamo Drafthouse, which is working about half of its 41 theaters nationwide, stated it meant to stay open.

The different main theater chains — together with AMC, which is the biggest — didn’t remark, however the present launch schedule doesn’t supply many causes to stay open within the quick time period. Disney moved its superhero movie “Black Widow” into 2021, together with different releases anticipated this 12 months, together with Steven Spielberg’s adaptation of “West Side Story.”

Still looking forward to 2020 is “Wonder Woman 1984,” although Warner Bros. has already delayed its launch from October to Christmas Day. “Soul,” the newest from Disney’s Pixar animation studio, is scheduled for a Nov. 20 launch.

This previous weekend, 2,931 U.S. film theaters have been open, about 57 p.c of the nation’s whole. They generated a mere $12 million in field workplace receipts. The field workplace totals from the identical weekend a 12 months in the past reached $150 million, buoyed by the discharge of “Joker,” which alone earned $96.2 million.

Lobbying efforts to avoid wasting the movie show enterprise have been fierce. The theater house owners group led by Mr. Fithian despatched a letter to Congress final week signed by some 92 administrators and producers, together with Mr. Spielberg, James Cameron and the “Wonder Woman” director Patty Jenkins. They known as on lawmakers to assist the business with further mortgage and grant applications that would assist maintain the theaters till the pandemic subsides.

According to the commerce group, if the business doesn’t obtain any help, 69 p.c of the nation’s small and midsize movie show corporations shall be compelled to file for chapter or shut completely.

“If one of two things doesn’t happen, either Congress gives us substantial support quickly or New York gets open and the movies come back and the patrons come back, most of our companies are going to go under,” Mr. Fithian stated.

Stephen Beck, a administration advisor whose agency, cg42, measures client frustration, was not fairly as fatalistic, citing “the human desire to get together in a shared experience.”

“What Regal announced is obviously terrible but I don’t think the business is gone by any stretch of the imagination,” he stated. “Its role might be different. Its scale and scope might be different but I don’t believe the theater business as an industry is gone.”

On Sept. 16, Cineworld’s chief govt, Mooky Greidinger, despatched a letter to Gov. Andrew M. Cuomo of New York imploring him to deal with film theaters as he has different indoor venues. He pointed to the truth that there was no proof of transmission of the virus in cinemas, regardless of being open world wide for the previous few months.

Mr. Cuomo has theaters categorized alongside concert venues and amusement parks — an infuriating distinction to the movie theaters, which claim that their individualized filtration systems, assigned seating and mask protocols make the moviegoing experience much safer than attending either a concert or a theme park.

“We’re moving heaven and earth trying to stop a second wave and people need to acknowledge that we’re still in a pandemic and start to act like it,” said Richard Azzopardi, a senior adviser to Mr. Cuomo. “‎We understand some people are unhappy but you know what? Better unhappy than sick or worse.”

Cineworld’s announcement sent its stock spiraling. It fell as much as 60 percent when the stock market opened in London on Monday before ending the day down 25 percent.

In September, Cineworld reported a pretax loss of $1.6 billion for the first half of 2020. In total, the company operates 780 cinemas and is leaving about 100 locations in Poland, the Czech Republic, Slovakia, Hungary, Bulgaria and Romania open. Last year, 90 percent of the company’s revenue was generated in the United States and Britain.

Stiles Bailey, who worked selling concessions and taking tickets at a Regal theater in Brunswick, Maine, got an email early Monday announcing that the company’s theaters were closing down.

“I just sat there dumbfounded, like ‘are you kidding me?’” they said. “I just got that sinking feeling all over.”

Mx. Bailey, 32, has worked in movie theaters for eight years, affording a chance to share a love of film with theater patrons. Mx. Bailey was put on furlough in March, and then called back in August. Their hours were cut from 25 a week to about nine, and the shifts were quiet, with under 20 people coming in on some days.

Management has told employees they were being furloughed again, they said. Mx. Bailey has started applying for open positions at fast-food restaurants and retail stores, jobs they describe as “soul crushing.”

“I love stories in all forms but movies are really cool because it’s more of a shared experience than reading a book,” Mx. Bailey said. “I loved being able to have a customer come out and ask, ‘So what did you think of the movie?’”

Eshe Nelson and Anna Schaverien contributed reporting.

Source link Nytimes.com

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