T - Cineworld share dip as it plans reopening sets release deals with Warner Bros.

Cineworld (CNNWF) shares have slipped 2.7% in midday London trading as the company - owner of No. 2 U.S. movie-theater chain Regal - set up its own reopening plans and came to a new release-window arrangement with Warner Bros. (T -0.1%). The Regal theaters will open for the first time in six months in a phased process, with a limited number of venues opening in time for Warner's Godzilla Vs. Kong on April 2. It will open more widely two weeks later, in time for Mortal Kombat, from Warner's New Line Cinema. Meanwhile it's come to terms with WarnerMedia and its plans to show 2021 films on HBO Max the same day they hit theaters. In the U.S., Cineworld will show Warner's 2021 releases in theaters even as they hit online - then starting in 2022, Warner films will have a 45-day theatrical window in Regal theaters. In the UK

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Cineworld share dip as it plans reopening, sets release deals with Warner Bros.