Regal Cinemas to Reopen in April: The Impact on Real Estate Investors
Movie theaters have taken a serious beating in the course of the coronavirus pandemic. Last October, Cineworld Group (LSE: CINE), the parent company of Regal Cinemas, made the decision to temporarily close all of its U.S. and U.K. movie theaters. Cineworld also signed a multi-year agreement with Warner Bros. that begins in 2022 and states that Warner Bros. feature films will have to play in theaters for 45 days before moving over to streaming platforms.
