COVID-19 mandates hinder Regal’s opening plans
In March 2020, Regal closed all 543 of its theaters in the US due to the spread of the COVID-19 (coronavirus) pandemic. While it began to re-open locations starting in August, it announced it would close most locations again in October 2020. Cinewood CEO Mooky Greidinger stated this was due to New York state's reluctance to open cinemas, which delayed many anticipated films. By November 2020, every Regal location was shutting down indefinitely once again. Regal began to re-open locations in April 2021, as New York and California state governments announced they gave the green light for cinemas to re-open.
COVID|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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