Cinema giant Cineworld — the second largest global exhibitor behind AMC — early Monday morning London time confirmed that it is temporarily suspending its operation in the U.S.
and U.K. The move — which sparked shockwaves across the industry when it first came to light over the weekend — impacts 536 Regal cinemas in the U.S.
and 127 Cineworld and Picturehouse in the U.K., and comes into force from Oct. 8. Cineworld's stock was down 47 percent in early London trading before settling a bit and at 8:20 a.m.
trading down 40 percent. "As major US. markets, mainly New York, remained closed and without guidance on reopening timing, studios have been reluctant to release their pipeline of new films," it said in a statement. "In turn, without these.
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