Variety---

Regal Cinemas owner Cineworld is closing all of the chain’s locations in the U.S., as well as its theaters in the U.K. in the wake of MGM and Universal’s decision to delay the release of “No Time to Die” until next year, according to Variety.

The new closures, set to take effect as soon as next week, come just a few months after the company began reopening its locations amid the coronavirus pandemic earlier this summer. Cineworld operates 128 venues in the U.K. and Ireland in addition to Regal’s 546 theaters in the U.S.

The decision to close its locations comes a day after MGM and Universal announced that the latest James Bond film, “No Time to Die” would be pushed back again, with a statement from the filmmakers citing a need for the film “to be seen by a worldwide theatrical audience.” “No Time to Die” was initially set to hit theaters last April, but due to the coronavirus pandemic, it was moved to Nov. 20, then Nov. 25, and now to next April.

Following Disney’s move to change release dates for many of its films — most notably “Black Widow,” which was set for release on Nov. 6 but was moved to summer 2021 — the loss of “No Time to Die” leaves theaters with a dearth of major releases for the remaining months of 2020.

Last month, Cineworld reported a $1.6 billion loss in the first half of 2020, with group revenues sinking to $712.4 million from $2.15 billion in the first six months of 2019.
Tens of thousands of their employees will be let go, if they haven't already. There's no guarantee when or if those theaters will reopen.