The two largest theater chains in the US, AMC and Regal, face impending bankruptcy amid continued lockdowns, and as Hollywood’s pipeline of films slows to a trickle.
Production and distribution disruptions caused by governmental lockdowns have accelerated many transformations that were well underway in production, distribution, and viewership trends.
British exhibitor Cineworld, the parent company of Regal Cinemas in the US, said on Monday that it would shutter all 663 of its theaters in the US and the UK starting October 8th.