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Cineworld Regal chain to reopen on April 2, UK cinemas in May
23rd Mar 2021 07:14
(Sharecast News) - Cineworld Group on Tuesday said its US Regal theatres chain will reopen from Covid lockdown in April for the first time in six months, with a UK restart slated for May as it announced a screening deal with Warner Bros
The phased reopening would start with a limited number of cinemas opening for screenings of "Godzilla vs. Kong" on April 2 before a wider rollout, with "Mortal Kombat" on April 16.
"We have long-awaited this moment when we can welcome audiences back to our Regal theatres and restore our essential role within the communities we serve," said chief executive Mooky Greidinger.
"With capacity restrictions expanding to 50% or more across most US states, we will be able to operate profitably in our biggest markets. We will also be monitoring developments closely in the UK and across Europe as we set to gradually reopen across the world in line with local government guidance."
Cineworld said it had reached a multi-year agreement with Warner Bros Pictures Group to premiere its movies in the US from 2022, with a 45-day window of "theatrical exclusivity".
In the UK, Warner Bros and Cineworld have agreed to an exclusive theatrical window of 31 days prior to premium video on demand, and an extended window of 45 days for films that open to an agreed box-office threshold.
The phased reopening would start with a limited number of cinemas opening for screenings of "Godzilla vs. Kong" on April 2 before a wider rollout, with "Mortal Kombat" on April 16.
"We have long-awaited this moment when we can welcome audiences back to our Regal theatres and restore our essential role within the communities we serve," said chief executive Mooky Greidinger.
"With capacity restrictions expanding to 50% or more across most US states, we will be able to operate profitably in our biggest markets. We will also be monitoring developments closely in the UK and across Europe as we set to gradually reopen across the world in line with local government guidance."
Cineworld said it had reached a multi-year agreement with Warner Bros Pictures Group to premiere its movies in the US from 2022, with a 45-day window of "theatrical exclusivity".
In the UK, Warner Bros and Cineworld have agreed to an exclusive theatrical window of 31 days prior to premium video on demand, and an extended window of 45 days for films that open to an agreed box-office threshold.