Cineworld to reopen U.S. Regal theaters in April, announces new deal with Warner Bros.

Cineworld Group Plc CINE, -5.71% will reopen its Regal theaters in April for the first time in six months and will show "Godzilla vs. Kong" in a limited number on April 2, followed by "Mortal Kombat" on April 16. The London-based chain said it will also open cinemas in the U.K., its second biggest market, in May in compliance with government rules. "With capacity restrictions expanding to 50% or more across most U.S. states, we will be able to operate profitably in our biggest markets," Chief Executive Mooky Greidinger said in a statement. "We will also be monitoring developments closely in the U.K. and across Europe as we set to gradually reopen across the world in line with local government guidance." Cineworld has also reached a multi-year agreement with Warner Bros., which is owned by AT&T.