There’s still hope for independently owned movie theaters with a proposed $15 billion to be allocated to those hit the hardest in the entertainment industry as part of the most recent COVID-19 relief package.
Variety is reporting that Cineworld is planning on closing down all Regal Cinemas in the U.S. and other various cinemas in the U.K. and Ireland as early as next week.
Netflix now has historical theaters on both sides of the country, and with the increase in quality, star-packed original content, the future is even brighter for the streaming giant.
The mayors of New York City and Los Angeles, the entertainment capitals of the United States, have ordered cinemas and other areas of social gathering such as bars and clubs to be temporarily closed due to the COVID-19 pandemic.