Regal, Cineworld theaters to shut down across U.S., UK October 5, 2020, 10:05 AM Yahoo Finance’s Alexis Christoforous, Brian Sozzi, and discuss the closure of Regal and Cineworld theaters. Walmart now sees FY21 EPS up in high single-digits vs. prior guidance of down slightly, Walmart says its optimism is higher than it was at start of year, sees encouraging traffic and grocery trends, Walmart Q1 same-store sales up 6%, e-commerce sales up 37%, Walmart Q1 revenue $138.3 bln vs. $134.6 bln a year ago; FactSet consensus $132.1 bln, Walmart Q1 adj. Regal owner Cineworld to shut all theater screens, putting 45,000 jobs at risk Oct. 5, 2020 at 6:20 a.m. Cineworld's shareholders may feel a sense of déjà vu: the 2014 rights issue was also done in the name of a big-scale acquisition. Cineworld's acquisition of Regal Entertainment Group has created the second largest cinema business in the world (by number of screens). Read More Something went wrong while loading Watchlist. About Cineworld Group, plc: Cineworld Group plc was founded in 1995 and listed its shares on the London Stock Exchange in May 2007. Regal’s stock halted up more than 7 … The LTIP entails a bonus of up to 65 million pounds for its chief and deputy chief executives each, if performance and share price targets are met. There are currently no items in this Watchlist. In … For the best MarketWatch.com experience, please update to a modern browser. Cineworld boss Mooky Greidinger is a hardliner when it comes … Movie theater chains took a beating on Wall Street on Monday, after Regal Cinemas parent company Cineworld announced the “temporary suspension” of operations at … Financial calendar. Management also said that cost savings from the Regal mega-deal are running ahead of original plans, boosting Cineworld's stock by 6.5 percent in London as of 10:45 a.m. local time. Audiences for this exclusive, limited theatrical re-release will also be treated to the featurette Remembering Audrey, which pays tribute to the legendary star, with insight from two of those who knew her best—companion Robert Wolders, and her son, Sean Hepburn Ferrer. Currency in USD, Trade prices are not sourced from all markets. … Regal Owner Cineworld Unveils U.S. Reopening Plans as Stock Slumps Following Warner Bros. Deal March 23, 2021 | finance.yahoo.com Cineworld Group to Reopen Regal Theatres in the U.S. Beginning April 16 in time for the release of "Mortal Kombat" Subscriber Agreement & Terms of Use, View more. Privacy Notice, and Discover new investment ideas by accessing unbiased, in-depth investment research, Other OTC - Other OTC Delayed Price. All quotes are in local exchange time. Intraday data delayed at least 15 minutes or per exchange requirements. Results, Reports and Presentations. Read: Cineworld Stock Drops as $2.1 Billion Cineplex Deal Raises Debt Fears But in June, Cineworld claimed Cineplex had breached the terms of the agreed takeover and scrapped the plan. Intraday Data provided by FACTSET and subject to terms of use. 10 March 2019. Regal operates the second-largest theater circuit in the United States, with over 7,200 screens in 549 theaters as of October 2019. Real-time last sale data for U.S. stock quotes reflect trades reported through Nasdaq only. The three main theatre brands operated by Regal Entertainment Group are Regal Cinemas, Edwards Theatres, and United Artists Theatres. Mr Cohen said paying down debt remains a key focus, and the target leverage ratio is three times cash profits by 2019. 7 Stocks Hedge Funds Fear Could Be Next Redditor Short-Squeeze Target, Cineworld Pops 23% After Securing £560M Lifelines As Theatres Stay Shut. Regal owner sees stock plummet after it closes movie theaters Regal Entertainment’s UK-based owner Cineworld said Monday that it secured a financial lifeline to help it avoid a bankruptcy filing. With the new Bond film delayed until October over COVID, it’s more bad news for cinemas. Why Are Lithium Stocks All The Talk These Days? Regal confirmed Tuesday after the … Advisory groups Glass Lewis and ISS had recommended shareholders to vote against the executive pay policy, with ISS concerned that the long-term incentive plan (LTIP) was not "appropriate" given the sector's exposure to the pandemic. Regal Cinemas Parent Cineworld's Stock Plunges 35% After 'Temporary' Closure of Theaters Sean Burch 10/5/2020 Chinese electric car company … Visit a quote page and your recently viewed tickers will be displayed here. Analysts agree that in 2021 Lithium Stocks will have significant..... Audrey Hepburn is more 'loverly' than ever! Shares of Regal Entertainment Group have risen 3% on news of a potential $3.1 billion buyout by British chain Cineworld, which saw its shares plunge 16%. Rebound. Cineworld reached the deal in December to purchase Regal for $3.6 billion.. Regal saw a decline in its third-quarter revenues over 2017. By using this site you agree to the The firm offers its products and services under the brands Cineworld, Picturehouse, Cinema City, Yes Planet and Rav-Chen. © 2021 Verizon Media. Regal Cinemas owner Cineworld Group has confirmed the temporary suspension of its U.S. and U.K operations starting Thursday, confirming reports that first emerged Saturday.. View the latest Cineworld Group PLC ADR (CNWGY) stock price, news, historical charts, analyst ratings and financial information from WSJ. Cineworld to reopen U.S. Regal theaters in April, announces new deal with Warner Bros. Cineworld shares slump following Warner Bros. deal, but theaters to open in time for ‘Godzilla vs. Kong’. Regal Cinemas To Reopen In April; Parent Cineworld & Warner Bros Reach Multi-Year Deal To Show WB Films In U.S. & UK Disney Stock Sells Off As Wall Street Processes Streaming Cooldown Cineworld Group, the owner of Regal Cinemas, will suspend operations at all of its theaters in the United States and the United Kingdom beginning on Thursday. Have Watchlists? 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. Thanks to the rising popularity of EV's, the demand for Lithium is skyrocketing. Cineworld Group Plc operates as a cinema chain in different territories. Cineworld is smaller than its Tennessee-based takeover target, with a much lower market value and significantly fewer screens. The acquisition of Cineplex—Canada’s largest cinema operator, with a 75% box-office market share—comes just two years after Cineworld bought America’s Regal Entertainment Group for $3.6 billion. Cineworld Group is considering closing all of its Regal Entertainment Group movie theaters in the US after several large-scale releases were … Cineworld said on Monday its biggest shareholder would sell almost a third of its stake in the British cinema operator to refinance a margin loan, after shares in the company sank to a … Cinema Stocks Get Jolt of Optimism After U.K.’s Cineworld Secures Financing, Regal owner Cineworld to shut all theater screens, putting 45,000 jobs at risk, AMC stock bounces after company says theaters now open will stay open, Movie theater stocks take a dive after Cineworld suspends U.S, U.K. ops, Cineworld shares drop in half after suspending operations, After 5 months, AMC Theaters cautiously reopen doors, Cineworld shares jump on covenant waiver and increase in credit facility, Cineworld halts dividend and says will 'monitor progress' of its buyout of Cineplex, Cinema stocks rally on hopes for sector bailout after coronavirus forces closures, Cinema stocks slammed again amid coronavirus as AMC and Regal close theaters. Movie Chain Stocks Plunged. Warner Bros. Embraces Streaming for All of Its 2021 Films. Cineworld’s offer valued Regal at about $23 a share, according to Reuters, which first broke news of the merger talks. China Had a Record Box-Office Haul. It’s Good for IMAX, and the U.S. Cineworld Group's stock was trading at GBX 88.40 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization (WHO). Since then, CINE stock has decreased by 5.0% and is now trading at GBX 84. Log in to see them here or sign up to get started. The company was founded by Stephen Mark Wiener in 1995 and is headquartered in Brentford, the United Kingdom. Regal late Tuesday confirmed that it was "currently engaged in discussions with Cineworld Group about a possible all-cash acquisition of Regal at a … Get Cineworld Group PLC (CINE-GB:London Stock Exchange) real-time stock quotes, news, price and financial information from CNBC. Cineworld Group is a British cinema company based in London, England.It is the world's second-largest cinema chain (after AMC Theatres), with 9,518 screens across 790 sites in 10 countries: Bulgaria, Czech Republic, Hungary, Ireland, Israel, Poland, Romania, Slovakia, United Kingdom and the United States. Regal Cinemas (formerly Regal Entertainment Group) is an American movie theater chain headquartered in Knoxville, Tennessee. The company has grown through expansion and by acquisition to become the second largest cinema chain worldwide, holding the number one or number two position by number of screens in each of its regions. Regal and Cinemark don’t play shortened window releases, but Uni has a deal with AMC. But the shares fell by a fifth after the Regal announcement in November, and haven't yet recovered. Shares in the company that owns the Regal, Cineworld and Picturehouse movie theaters fell 36 percent after it said it will temporarily close the venues because delays to … Create a list of the investments you want to track. This browser is no longer supported at MarketWatch. The U.K.'s Cineworld Group agreed to buy U.S. theater operator Regal Entertainment Group (RGC) for about $3.6 billion to expand into the biggest movie market. Cookie Notice (). EPS $1.69; FactSet consensus $1.21, Walmart Q1 EPS 97 cents vs. $1.40 a year ago, Macy's stock jumps 4.3% premarket after surprise Q1 profit, Which sectors stand to win or lose as inflation creeps up, Macy's raises 2021 net sales outlook to $21.73 bln-$22.23 bln from $19.75 bln-$20.75 bln, AMC Entertainment's stock drops 6.0% premarket after Cineworld suspends U.S., U.K. ops, Cineworld to Pay $255 Mln After Judgment Favors Claimant, Cineworld Faces Shareholder Revolt Over Pay Policy -- Update, Legal & General to Vote Against Cineworld Chair, Remuneration Committee. All rights reserved. It operates through the United States; United Kingdom and Ireland; and Rest of the world divisions. It will pay $23 per share for Regal. To celebrate her birthday today, Fathom Events and Paramount Pictures are thrilled to announce they are bringing the Academy Award®-winning musical My Fair Lady back to select cinemas for a special two-day event, on June 13 and 16. Cineworld currently operates in the UK, Ireland, Poland, the Czech Republic, Slovakia, Hungary, Bulgaria, Romania, Israel and the US. Cineworld stock has lost more than half of its value since the beginning of 2020, but has recently enjoyed a resurgence, rallying near 70% in 2021. Copyright © 2021 MarketWatch, Inc. All rights reserved. Regal, a subsidiary of the Cineworld Group, operates one of the largest and most geographically diverse theatre circuits in the United States, consisting of 7,076 screens in … Historical and current end-of-day data provided by FACTSET. Add to calendar. Are We Finally in the Good News Cycle for AMC Entertainment Stock? The UK-listed company, which owns Regal Cinemas, said its board will continue its dialogue with shareholders on executive pay matters following this. 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