Curtain Call

Regal Cinemas is temporarily closing down all theaters in the US and the UK. This is the country’s second-largest theater chain behind AMC with over 600 locations and 45,000 employees.

This weekend MGM decided not to go ahead with releasing the latest James Bond film, “No Time to Die.” The film has been delayed yet again until April 2021. Without movies or moviegoers, theaters cannot survive.

“We are like a grocery shop that doesn’t have vegetables, fruit, meat,” CEO Mooky Greidinger said in an interview. “We cannot operate for a long time without a product.”

Even if they had a product, many states still do not allow movie theaters to be open. Hollywood studios have made most of their money from overseas theaters that are open this summer. Christopher Nolan’s “Tenet” made $262 million from international markets.

Share this article

Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
Share on whatsapp
Share on vk
Share on email
Share on reddit

Related Articles

Join the mailing list

Get the daily email that makes reading the investment news actually enjoyable.

Scroll to Top