Regal Cinemas has made the decision to temporarily close the 18 locations it left open across California and New York.
Despite news of a Coronavirus vaccine possibly being released before the end of the year, Regal Cinemas has opted to close its locations once again. This includes the newly refurbished Irvine Spectrum location which was the top-grossing location in the U.S. for Tenet.
With Disney having withdrawn Free Guy and Death on the Nile from the December release schedule, it is going to be tough for theaters to rationalize staying open until the vaccine is fully distributed. Studios are going to be reluctant to release any major films until that time, and closures will be the only way to conserve financial reserves.
Regal has not commented publicly on the closures, but local theaters have confirmed their closure this week. There is no word as of yet as to when they may reopen, but it will more than likely be early 2021 unless something significant changes.
With portions of Europe back in lockdown, and California pushing 11 counties including cities such as San Diego and Sacramento back into closures, things are not looking good for that to happen either.