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Regal Owner Cineworld Says No "Material Impact" on Admissions From Coronavirus

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hollywoodreporter.com

Exhibition giant and Regal owner Cineworld Group said Friday it has not seen “any material impact" on cinema admissions due to coronavirus so far.

The news came a day after its stock plunged as analysts and investors reacted to news of the delay of the release of the new James Bond movie to November.

The virus, which causes the respiratory illness known as COVID-19, has already led to Chinese theaters to be shuttered. Various media and entertainment industry events have also been postponed or canceled. "Given the impact that COVID-19 is having on the broader markets, we feel it is important to update our shareholders on current trading," Cineworld said. "Thus far, we have not observed any material impact on our movie theater admissions due.

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