Upstate Films to Close its Woodstock Location It’s been a year of reckoning for cinemas all across the country, from 25-screen mega multiplexes down to the smallest indie art house theaters. With Hollywood’s recent move toward releasing films direct to streaming platforms and COVID sequestering viewers at home, cinema owners have grappled with increasingly grim prospects. International theater giants AMC and Cineworld (which owns Regal) each reported losses of over $2 billion in 2020.