The movie business has a reputation for being recession-proof. But with the pandemic ravaging the U.S. and the world, is this the end of the movie theater business as we know it?
Theaters tried to reopen as coroanvirus cases across the United States began to slow over the summer. The pandemic delayed blockbuster after blockbuster. Theaters became central in the debate over reopening businesses too soon. Now, they're shutting down again.
Cineworld Group, owner of Regal Cinemas, announced Monday it will close down all of its locations in the U.S. and Canada and in the United Kingdom, after the latest James Bond film, "No Time to Die," was delayed until spring 2021. With no new blockbuster movies to show, movie theaters owners are facing the difficult decision to shut down operations for the second time mid-March.
Watch the video above to find out how the movie business plans to survive a potential second wave of the coronavirus.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Why are Arab states uniting to support the Syrian regime against Turkey?Following UAE's normalisation with Israel, the gulf state - in collusion with Egypt - are openly supporting the oppressive Syrian regime, banding against Turkey in northern Syria.
Read more »
Alec Baldwin Explains Why 'SNL' Kept Debate Opener Following Trump's COVID-19 Diagnosis'If there was ever the suggestion that Trump was truly, gravely ill, and people said, 'Trump is really in trouble,' then I would bet you everything I have that we wouldn't even get near that, in terms of content of the show,' the show's go-to presidential impersonator said.
Read more »
Why Demi Lovato Ended Her Engagement With Max Ehrich: 'She Doesn't Trust Him'A source detailed to E! why Demi ended her relationship with Max and how things deteriorated between them.
Read more »
Emily Atack details sexual harassment messages and why she won't speak to policeThe TV star says she has noticed a huge increase in sexually explicit messages from strangers since her 2018 appearance on I'm A Celebrity... Get Met Out of Here!
Read more »
Why Coke is getting rid of Zico coconut water brand - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web.
Read more »
17 Reasons Why 'Gilmore Girls' Is Legitimately The Best TV Show There's Ever BeenNothing else comes close, amiright?
Read more »