All articles tagged with #regal cinemas
Regal Cinemas CEO Eduardo Acuna publicly supports the Paramount-WBD merger, arguing that a lengthy antitrust trial would be damaging to exhibitors and the industry; he cites Paramount CEO David Ellison's commitments—at least 30 theatrical releases annually with a 45-day PVOD window and 90-day SVOD window for three years—and a willingness to enter a consent decree with state AGs as reasons to move forward.
The Devil Wears Prada 2 is embracing the popcorn-bucket trend with a red, purse-shaped bucket sold by Regal Cinemas (complete with a gold heel keychain and a Runway magazine promo; AMC also teased sunglasses), with no price yet announced as the movie launches this May.
Great Northern Mall's former Regal Cinemas location is set to become a Phoenix Theaters, marking the company's second location in Ohio and eighth overall. The $5 million investment in the 43,955-square-foot building signals a new era for the mall, with further announcements expected in the coming weeks.
Regal Cinemas, the second largest movie theater chain in the United States, is closing 14 theaters across nine states as part of its efforts to reorganize and recover from bankruptcy protection. The closures are set to begin on July 20, 2023.
Regal Cinemas in Henrietta has closed permanently due to the impact of COVID-19 on the movie theater industry. This closure comes after the theater had previously reopened in October 2020, only to close again in November due to the pandemic. The closure of Regal Cinemas in Henrietta is just one of many closures of movie theaters across the country as a result of the pandemic.
Shares in the owner of Regal Cinemas hit an all-time low as movie theaters continue to struggle in an increasingly streaming world.
Cineworld's shares fell by over 30% after Regal Cinemas' owner announced it would terminate efforts to sell its US, UK, and Irish businesses. Cineworld, the world's second-largest movie theater chain, filed for Chapter 11 bankruptcy protection in September due to the pandemic's impact. The company announced a debt restructuring plan with lenders to exit bankruptcy, which does not provide for any recovery of funds for shareholders. Cineworld will abandon plans to sell its US, UK, and Ireland arms unless it receives an "all-cash bid" significantly higher than the current value of the businesses.