In another blow to the movie theater industry, Regal Cinemas is closing 39 more movie theaters across the United States. The decision comes four months after the movie theaters parent company Cineworld filed for Chapter 11 bankruptcy after the pandemic and the subsequent lockdowns and restrictions devastated the industry and public screenings.
Regal Cinemas was first established in 1989 in Knoxville, Tennessee. This is not the movie theater’s first incident with monetary struggles. In 2001 the company filed for chapter 11 bankruptcy when it was acquired by Cineworld.
The 39 locations apparently saved the company $22 million annually. Cineworld is working with landlords to keep its other theaters open. Around 500 remain after these closures and a previous round in September 2022 that shuttered 12 locations. When Cineworld announced its decision to file for bankruptcy last year, the company said it wanted to alleviate itself of its debt. According to its website, Regal Cinemas is the second-largest theater chain in the United States after AMC Theaters, with 950 locations.
According to CNN, locations that are to be closed include:
Tikahtnu Stadium 16 in Anchorage, Alaska
Metro Point in Costa Mesa, California
Berkeley 7 in Berkeley, California
Parkway Plaza Stadium 18 and Imax in El Cajon, California
Escondido Stadium 16 and Imax in Escondido, California
Hemet Cinema 12 in Hemet, California
Sherman Oaks Galleria 16 in Los Angeles, California
Yorba Linda and Imax in Yorba Linda, California
Meadows Stadium 12 in Littleton, Colorado
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