Cineworld is set to open U.S. cinemas for the first time in six months in April as states begin to rest on pandemics.
The UK-based group said the gradual reopening of its Regal movie theaters would begin on April 2, with a limited number opening in time for the Warner Bros. film Godzilla vs Kong. Following a reopening in the US there would be UK cinemas in May when authorities released a lockout.
This is the first time Cineworld has opened cinemas in its two largest markets since it closed its screens in the US and UK in October, citing a lack of blockchains to show how Hollywood has moved its calls. into 2021.
The world’s second-largest cinema operator said Tuesday it had been awarded a special rights contract with Warner Bros. Under the terms of the agreement, Cineworld will be able to show the studio’s films in movie theaters for several weeks before they are released on Warner’s on-demand streaming service.
Cineworld in November received additional $ 750m in funding from lenders after it came close to falling.
But Mooky Greidinger, the president, said Tuesday that with capacity restrictions on cinemas rising to 50 percent across many U.S. states, Cineworld would be able to operate profitably.
Cinemas in the UK will also be limited to a 50 per cent capacity level when they reopen from 17 May.
“This is a real time for us – the US market represents 75 percent of our business – and will soon be followed by all our markets,” said Greidinger.