Regal closing all U.S. movie theaters. What about AMC, other Southwest Florida theaters? (2024)

NOTE: This story has been updated withannouncements Tuesday from Paragon Theaters and AMC Theatres.

Regal Cinemasis closing its U.S. movie theaters indefinitely starting Thursday, including five theaters in Southwest Florida.

Regal owners Cineworld announced the news Monday.

The reason: The postponement of the new James Bond movie and other changes to the 2020 movie-release schedule.

The move comes less than two months after the country's two biggest theater chains, Regal and AMC, reopened their theaters nationwide. They’d been closed since March due to the pandemic.

Regal closing all U.S. movie theaters. What about AMC, other Southwest Florida theaters? (1)

"This is not a decision we made lightly," Cineworld CEO Mooky Greidinger said in a news release Monday, “and we did everything in our power to support a safe and sustainable reopening in the U.S.”

Read more:Regal, AMC theaters to reopen starting next week in Fort Myers, Naples, Port Charlotte

Regal isn't the only theater shutting down in Southwest Florida. Naples' Paragon Theaters Pavilion 12 — along with the chain's other Florida locations — is also taking a "short intermission and break in its daily operations," marketing director Don Edwards said Tuesday.

"This decision was made in part due to the continueddelay ofnew featuredfilms," Edwards said in an email. "The industry as a whole reacted to the current country wide situation, which prompted us to make a difficult choice in extending our intermission to all of our Floridatheater locations.

"However, we plan to reopen our theaters once there is sufficient new film content available to bring customers back to the theater in a safe and healthymanner."

Other U.S. theater chains, however, say they plan to remain open despite Regal's announcement.

AMC Theatres— the country's biggest theater chain— announced Tuesday that all its currently open U.S. theaterswill remain open. More than 80 percent of its theaters are open now, according to an AMC news release.

AMC noted that many movies are still planned for a 2020 release, including "The War With Grandpa," "Yellow Rose," "Come Play," "The Croods" and "Soul." And the Christopher Nolan film "Tenet" continues to bring people out to the theater.

“We take great comfort in knowing that literally millions of moviegoers have already visited our theatres," AMC CEO and President Adam Aron said in the release. "They have done so in part because of our AMC Safe & Clean protocols, developed in consultation with Clorox and faculty of the Harvard University School of Public Health.

"Our guests are telling us that our theatreshave never been cleaner, and that they recognize the great effort AMC is making to keep them healthy and safe.”

Aron also pointed out AMC'sagreement with Universal Studios to show its new releaseson premium video on-demand within three weeks of their theatrical debuts.

“Fortunately for AMC, our groundbreaking agreement with Universal Studios announced earlier this summer puts AMC in a position where we can open our theatres when others may feel the need to close," Aron said. "We are fully comfortable showing Universal films in our theaters, even as they implement premium video on demand as we have mutually agreed. This is because AMC will share in premium revenues coming from their early availability in the home.”

The postponed movie-release schedule won't affectBonita Springs' Prado 12 theater, either, says owner Mark Clement. Prado 12 wasthe first Southwest Florida theater to reopen and the only one to remain open continuously.

"We are going to continueto safely operateour theatres for our guests and remain open," Clement said Monday.

More:No joke: Comedy clubs in Naples, Fort Myers lead arts venues in reopening

In Naples, Silverspot Cinema saidit plans to continue operating — although with a changed focus that includes bothtraditional film screenings andprivate events where people rent auditoriums to watch movies or streamTV services.

“We’re still in business,” said Silverspot marketing director Sandra Pascual. “We’re still open. This isn’t going to stop us. It’s just going to change the way we look at things.”

Auditorium rentals give people a way to control social distancing and still do fun things, Pascual says. “People are tired of being at home. But they still want to feel safe."

Theater chain Marquee Cinemasdidn’trespond to a requestfor comment Monday, but its Cape Coral theater is still showing movies this weekand the chainhasn’t announced any changes on itswebsites or social media pages.

Regal’s announcement affects five Southwest Florida movie theaters:

  • Regal Belltower and ScreenX in south Fort Myers
  • Regal Naples 4DX & IMAX in North Naples
  • Regal Gulf Coast & IMAX in San Carlos Park
  • Regal Town Center in Port Charlotte
  • And RegalCoconut Pointin Estero.

Regal is the second-largest theater chain in the U.S., following AMC. Its plans leave 536theaters closed in the United States, according to the Regal news release. About 45,000 employees are affected.

The closure also affects127 Cineworld and Picturehouse venues in the United Kingdom.

Cineworld didn’t share any plans for a reopening date, though the company stressed it would "continue to monitor the situation closely."

Regal closing all U.S. movie theaters. What about AMC, other Southwest Florida theaters? (2)

Producers said last week that the 25th James Bond thriller, “No Time to Die,” will be pushed back to April. It hadbeen scheduled to open in November.

That follows other major movies that have been postponed until 2021, including Marvel’s “Black Widow” and Steven Spielberg’s “West Side Story.” The only big movies left in 2020: Disney/Pixar's "Soul" (Nov. 20)and "Wonder Woman 1984" (Dec. 25).

Theater closure:Regal will close all US theaters after new Bond movie 'No Time to Die' delayed to 2021

"Without these new releases, Cineworld cannot provide customers in both the U.S. and U.K. — the company's primary markets — with the breadth of strong commercial films necessary for them to consider coming back to theaters against the backdrop of COVID-19," Regal's news release said.

So far, audiences have been slow to return to movie theaters as the country continues to struggle with COVID-19 spikes and hot zones. Christopher Nolan's thriller "Tenet"has only made $45 million domestically, compared to $262 million overseas.

— USA Today contributed to this story.

Connect with this reporter:Charles Runnells (Facebook),@charlesrunnells (Twitter),@crunnells1 (Instagram)

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Regal closing all U.S. movie theaters. What about AMC, other Southwest Florida theaters? (2024)

FAQs

What movie theater chain is going out of business? ›

After 101 years of running some of Southern California's most famous movie theaters, Metropolitan Theatres Corporation recently filed for bankruptcy.

Did AMC theaters go out of business? ›

We're still here,” Aron says of Kansas-based AMC, which operates 895 theaters globally. “When you think about what we've been through the past four years, it's kind of a miracle. It could have gone kaplooey 10 times, but it didn't.

Is Regal closing more locations? ›

Regal is preparing to close 39 more U.S. theaters, including four in Southern California and seven in the Bay Area, after parent company Cineworld announced it was filing for Chapter 11 bankruptcy in September.

What is the most popular movie theater chain in the US? ›

If you're like most Americans, there's a good chance it was an AMC theater. With a history dating back to 1920, AMC has become the world's largest cinema chain.

Which cinema chain is in trouble? ›

Cineworld has said it will close six venues across Britain as part of a plan to cut costs, as the debt-laden chain continues to struggle with the headwinds facing the cinema industry. The affected sites will be Glasgow Parkhead, Bedford, Hinckley, Loughborough, Yate and Swindon – Regent Circus.

How many movie theaters are left in the US? ›

There are 2,278 Movie Theaters businesses in the US as of 2023, an increase of 2.3% from 2022.

Why is AMC declining? ›

AMC Entertainment shares plummeted Thursday after the theater chain indicated in an SEC filing that it might sell up to $250 million worth of its stock. The Leawood, Kan. -based exhibition giant said it was considering selling the stock to offset its poor box office revenue during the first fiscal quarter of 2024.

Is AMC struggling financially? ›

AMC also is struggling under a debt load that is too big—and coming due too soon—for a company its size. It all has left many observers wondering if a restructuring could be in the company's future. The path forward is fraught, but there is a path.

Will movie theaters go out of business? ›

This question is becoming as ubiquitous as bankruptcy filings by theater chains. Spoiler Alert: I don't think the end of movie theaters is growing near. But 2024 is certainly testing my confidence. Box office for the entire month of May was $ 520 million.

Who bought out Regal? ›

2018–present: Acquisition by Cineworld. In November 2017, Regal began merger talks with the UK theater chain Cineworld. On December 5, it was officially announced that Cineworld would buy Regal for $3.6 billion, forming the world's second-largest cinema group.

Is AMC bigger than Regal? ›

As of March 2023, AMC Theatres was the leading cinema circuit in the United States and Canada, with 7.71 thousand screens spread across both countries. Regal and Cinemark followed with around 6.47 thousand and 4.39 thousand movie theater screens, respectively.

Why are so many movie theaters closing? ›

Between at-home streaming, strikes in Hollywood that halted film productions, and a pandemic that required would-be moviegoers to stay home, theaters have not had an easy time. Theater chains have closed dozens of theaters in recent years, and, as of last year, ticket sales were still one-third lower than in 2019.

What are the top 3 biggest movies in the US? ›

Not adjusted for inflation
RankTitleLifetime gross
Unadjusted
1Star Wars: The Force Awakens$936,662,225
2Avengers: Endgame$858,373,000
3Spider-Man: No Way Home$814,811,535
76 more rows

What is the second largest theater chain in the US? ›

Regal Cinemas, the second-largest movie theater chain in the U.S., has secured $250 million to give its locations an upgrade, the exhibitor said on Tuesday.

Which state has the most AMC theaters? ›

There are 557 AMC Theatres locations in the United States as of April 23, 2024. The state and territory with the most number of AMC Theatres locations in the US is California, with 58 locations, which is about 10% of all AMC Theatres locations in the US.

What movie store went out of business? ›

After years of growth in the late 90s and early 2000s, Blockbuster faced a series of challenges as streaming became more accessible which would lead to the company going bankrupt and closing all but one of its stores.

Will cinemas go out of business? ›

Theater chains have closed dozens of theaters in recent years, and, as of last year, ticket sales were still one-third lower than in 2019. And yet despite all that, movie theaters persist, and part of the reason they haven't died out might actually have to do with their unique architecture.

What chain merged with AMC Theatres? ›

On January 26, 2006, AMC merged with Loews Cineplex Entertainment to form AMC Entertainment; the deal brought into AMC's fold the entire Loews and American Cineplex chains, along with Magic Johnson Theatres (named after NBA player Magic Johnson) and Star Theatres, based.

Are movie Theatres declining? ›

In the US, the percentage of frequent movie-goers has declined 8 percentage points since 2019, while in Sweden, frequent movie-goers have declined by a substantial 20 percentage points, dropping to only 13% in 2023.

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