Regal Cinemas closing 39 more movie theaters amid bankruptcy
WASHINGTON — Regal Cinemas is planning to close dozens of its theaters across the country next month. The move comes four months after Cineworld G...
WASHINGTON — Regal Cinemas is planning to close dozens of its theaters across the country next month. The move comes four months after Cineworld Group LLC, the British company that owns Regal Cinemas, filed for Chapter 11 bankruptcy protection in the United States. The plan to close 39 additional theaters in the coming weeks was revealed Tuesday in a filing from Cineworld's bankruptcy case. The company plans to reject the theaters' leases on Feb. 15. Cineworld said in the filing it estimates closing these theaters will save approximately $22 million annually.