In response to an avalanche of postponed major films, Cineworld Group, parent company of Regal Cinemas, announced it will suspend operations at all U.S. locations after having reopened in August. This decision will close four Austin locations.

Suspending theater operations will close over 500 U.S. locations and 128 U.K. locations, including four Austin locations: Regal Westgate, Regal Arbor at Great Hills, Regal Metropolitan and Regal at Gateway Shopping Centers.

The decision came after MGM Studios announced Friday that it would postpone the new James Bond film, "No Time to Die," for the second time. The film was originally scheduled to debut last April and has been postponed from this November to April 2021.

Regal theaters were counting on new releases to stimulate ticket sales and make up for losses sustained due to COVID-19. In the first half of 2020, Cineworld, the second largest global movie theater operator, has reported a loss of $1.6 billion.

"No Time to Die" is not the only movie to delay its release—"Wonder Woman 1984" delayed release from October to Christmas day in the wake of theaters being slow to reopen. Other movies, like the live-action remake of "Mulan," were originally scheduled for release in theaters but opted instead for a release on Disney+ for a $30 premium.

The company said that they are unsure of when they will reopen.

More on theaters:

Alamo Drafthouse to reopen Austin theaters after five-month closure