Cineworld is a British cinema company and is the world's second-largest cinema chain, with 9,518 screens across 790 sites in 10 countries: the UK, the US, Ireland, Poland, Romania, Israel, Hungary, Czechia, Bulgaria and Slovakia. In January, Adam Aron, AMC chief executive, said: For the third time in the past 12 months, we believe we have discovered a substantial acquisition that gives AMC yet another opportunity to further expand and diversify our geographic reach and more firmly establish AMC as the undisputed leader in movie exhibition worldwide. Deadline, a leading online entertainment industry news site, reported Sunday that the local cinema was hit by not only fewer viewers who are hesitating to see movies but also studios who continue to delay the release of big films amid the coronavirus pandemic. Cinemark is also  the largest movie theatre chain in Brazil, with a 30 percent market share. Founded in 1947, Cinepolis is the fourth largest cinema group in the world, with over 335 theaters, 4566 screens and over 27,177 employees. (function($){ Regal Cinemas, the second-largest theater chain in the United States, is considering closing all 543 of its theaters in the country due to continued revenue losses from … jQuery.ajax({ Regal Cinemas, the second-largest theater chain in the United States, is considering closing all 543 of its theaters in the country due to continued revenue losses from the COVID-19 pandemic. and Cinemark will join Regal in shutting their doors again. Elisabeth is a reporter for Verdict, covering global news, economics and business. "I think at the moment, without any major titles between now and the end of the year there are few other options for many venues," he said in Hollywood Reporter's publication of the statement. Cabell County Police, Fire, and EMS Scanner, Constitution of the United States of America. AMC was acquired by Wanda for $2.6bn in 2012. Global City Holdings — a group controlled by Israel’s Greidinger family — is Cineworld’s largest shareholder. setTimeout(function() { }); AMC was acquired by Wanda for $2.6bn in 2012. } Regal's Nitro location as of early Sunday morning shows that it will switch to Friday, Saturday, and Sunday operation. return false; if( msg.text() !== '' ){ (Source: Twitter), In the United States, Regal is the No. LOS ANGELES, Oct. 4 (Xinhua) -- Regal Cinemas, the second-largest theater chain in the United States, is considering closing all 543 of its theaters in the country due to continued revenue losses from the COVID-19 pandemic. Regal's British parent company Cineworld said Sunday it is considering the move. var email = $( '#form-validation-field-0' ).val(); New Jersey-based Tricorp distributes and services the arcade games that are found at venues including rival theater chains AMC and Carmike, as well as AMF bowling centers and mini-golf facilities. e.preventDefault(); }, 3000); }); The tie-up will give the combined group more than 9,500 screens. $( 'form.widget_wysija' ).submit(function(e){ DEADLINE reports that Regal will close "low grossing" cinemas and place others on a Friday/Saturday/Sunday schedule. function isEmail(email) { (Source: Twitter) In the United States, Regal is the No. In 2014, Cineworld became the second-biggest cinema company in the world when it bought Poland-based Cinema City for just over £500m. According to DEADLINE, the report has yet to be confirmed by Regal's stateside corporate representatives. The company, with a market cap of $2.46bn, branched out beyond film two years ago when it announced plans to buy Tricorp Amusements. File photo of the exterior of a cinema under the label of Regal Cinemas. Founded in 1920, the biggest cinema chain in the world is majority-owned by China’s richest man Wang Jianlin’s Dalian Wanda Group. Cineworld, the parent company of Regal Cinemas, has confirmed they are considering temporary closure of all their venues in the United States and United Kingdom. success:function(data){ You can reach her at elisabeth.perlman@verdict.co.uk, These are some of the biggest cinema chains in the world, 5th December 2017 (Last Updated December 5th, 2017 16:39), Facebook will label Trump election victory misinformation: Nick Clegg, Cyberattacks in space: McAfee warns of satellite security risks, Capital on Tap: How tech is helping small businesses during the pandemic, The Agora: How Hilton Bankside is proving that meetings don’t have to be boring, Allegro market debut expected to break the record of IPO in Poland, Amazon’s new Fire TV takes the platform from streaming to communication, Poland aims for 1000.000000iber-to-the-home (FTTH) coverage by 2022. Wearable technology in healthcare: What are the key macroeconomic themes? "We can confirm we are considering the temporary closure of our UK and US cinemas, but a final decision has not yet been reached. understands from sources that the chain will close all sites in both countries as early as this week, with staff notified ahead of Monday. " type:"POST", 2 chain after AMC with 7,155 screens in 543 theaters in 42 states. Cinemark, headquartered in Texas, operates theaters under several brands, including its flagship Cinemark, Century Theatres, Tinseltown USA, CinéArts, and Rave Cinemas. How the decision will impact specif already reopened Regal Cinemas is unknown. } Coronavirus: Big Tech companies step up to the plate, The Verdict Podcast: Talking technology, not Ted Cruz, 281 arrests in BEC crackdown as FBI reveals $26bn lost to scammers, Pound exchange rate falls amid ‘no deal’ Brexit fears, NHS Covid-19 app launches but privacy concerns remain, Fate of Uber’s London licence to be decided on 28 September, “Wholly inappropriate”: Excel use for coronavirus test data slammed by cybersecurity experts, The Pinter brings fresh beer to lockdown with at-home brewing technology, Passion economy is now worth over $38bn globally, From survive to thrive: Digital leadership beyond lockdown, Walmart reveals online subscription service to challenge Amazon. File photo of the interior of a cinema under the label of Regal Cinemas. "Variety understands from sources that the chain will close all sites in both countries as early as this week, with staff notified ahead of Monday. " According to DEADLINE, the report has yet to be confirmed by Regal's stateside corporate representatives. )+([a-zA-Z0-9]{2,4})+$/; The closure option has been put on the table due to the continued postponement by Hollywood studios of blockbusters. Verdict takes a look at some of the biggest cinema chains in the world. return regex.test(email); //alert(email); World's Largest Cinema Chain Considering Temporary Closure Sunday, October 4, 2020 - 19:45 Updated 16 hours ago Cineworld, the parent company of Regal Cinemas, has confirmed they are considering temporary closure of all their venues in the United States and United Kingdom. Wide entries on the calendar this month including 101 Studios’ War With Grandpa on Friday, Freestyle’s 2 Hearts and Open Road’s Honest Thief on Oct. 16, and 20th Century Studio’s The Empty Man on Oct. 23. var msg = $( '.wysija-msg' ); UK-based Cineworld announced today that it will acquire US cinema chain Regal in a $3.6bn (£2.7bn) deal that will create the world’s second largest cinema group. The closure option has been put on the table due to the continued postponement by Hollywood studios of blockbusters, according to Variety, Hollywood Reporter and The Sunday Times (of London). Founded in 1920, the biggest cinema chain in the world is majority-owned by China’s richest man Wang Jianlin’s Dalian Wanda Group. In the United States, Regal is the No. })(window.jQuery); Building on its strength in countries across Europe, the Regal deal announced today represents Cineworld’s first big step into North America, which has the largest box office market in the world. "We can confirm we are considering the temporary closure of our U.K. and US cinemas, but a final decision has not yet been reached. //alert(data); //window.location.replace( 'http://your_thank_you_page_url' ); AMC clinched three big deals in recent months and it now operates 636 theatres with 7,623 screens across eight countries. Regal Cinemas, the second-largest theatre chain in the United States, is considering closing all 543 of its theatres in the country due to continued revenue losses from the COVID-19 pandemic. Cineworld, which has 128 theatres in the UK and Ireland, is this weekend writing to Boris Johnson and the culture secretary, Oliver Dowden, to say that the industry has become “unviable” because of the decision by film studios to postpone big-budget releases. The development came shortly after Universal and MGM announced that the release of the latest James Bond film, "No Time to Die," would be postponed until April 2021. Cineworld is the largest film exhibitor in the United Kingdom and the second largest in the  United States. Before the announcement of the "No Time to Die" postponement, some cinema chains had already began trimming their schedules due to the lack of new releases. }); 2 chain after AMC with 7,155 screens in 543 theaters in 42 states. data: { email : email, action : 'add_to_mail'}, However, "fifty Regal locations are expected to keep operating during weekend hours.". Cineplex, headquartered in Toronto, operates 162 theatres across Canada. Once a decision has been made we will update all staff and customers as soon as we can.". It is also the biggest cinema chain in Mexico. AMC's theater in Morgantown, WV has them following a Friday through Tuesday schedule. Expected to keep operating during weekend hours. `` of Regal Cinemas is unknown a-zA-Z0-9- ] ) @! ( [ a-zA-Z0-9- ] ) +\ @ ( ( [ a-zA-Z0-9- ] ) +\ large chains such Regal... 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