All articles tagged with #regal cinemas
Movie theater owners are divided over Paramount's proposed takeover of Warner Bros. Discovery: Cinema United opposes the deal and warns of fewer releases and weaker bargaining power, while AMC Theatres and Regal Cinemas back the merger, risking a fracture in industry unity amid antitrust lawsuits and talk of guardrails and exclusive 45-day windows.
Paramount is reportedly pushing theater partners (with Regal and possibly AMC) to sign deals for about 30 films per year over three years, tied to a 45-day exclusive theatrical window and a 90-day streaming window. The moves aim to reassure exhibitors amid antitrust scrutiny of Paramount’s Warner Bros. Discovery merger, with penalties for breaches and potential consent decrees discussed. Cinema United opposes the merger, warning it could reduce film output and cost jobs. The antitrust case heads to trial in March 2027, and Paramount’s 2027–2028 film slate is cited alongside Warner Bros.’ figures in the discussion.
Regal Cinemas CEO Eduardo Acuna issued a statement in support of Paramount-Skydance’s proposed acquisition of Warner Bros. Discovery, saying the industry needs a thriving studio system and highlighting commitments including at least 30 theatrical films per year, a protected theatrical window (45 days for TVOD and 90 days for SVOD for three years), and a $30 billion annual investment in content. He argues a protracted antitrust trial would create uncertainty and distraction, and Regal’s backing, alongside AMC, positions Ellison favorably ahead of a high-stakes 2027 antitrust showdown while continuing to face lawsuits from state AGs.
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.