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Regal Cinemas prepares to close 39 movie theaters in the US in mid-February, according to a new filing filed in bankruptcy court this week by its British parent company Cineworld.
The filing says rejecting leases beginning Feb. 15, “debtors’ estimate…. [it] will save approximately $22 million per year for their properties.”
| ticker | Safety | Last | Change | Change % |
|---|---|---|---|---|
| CNNWQ | CINEWORLD GROUP PLC | 0.04705 | -0.00 | -4.76% |
movie world, which declared bankruptcy in September, wrote that its “businesses have been heavily affected by the global spread of COVID-19 and its aftermath, including a decline in movie attendance, a disrupted film production and release schedule, and an increase in home entertainment alternatives.”
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People visit a Regal Cinemas theater in New York City. (Susannah Ireland/AFP via Getty Images/Getty Images)
The 39 theaters scheduled to close are:
Alaska:
Tikahtnu Stadium 16 IMAX and RPX, Anchorage
California:
Berkeley 7, Berkeley
Parkway Plaza Stadium 18 and IMAX, Cajon
Metro Point, Costa Mesa
Escondido Stadium 16 & IMAX, Escondido
Hemet Cinema 12, Hemet
Sherman Oaks Galleria 16, Los Angeles
Yorba Linda & IMAX, Yorba Linda
Colorado:
12 Meadows Stadium, Littleton
SouthGlenn Stadium 14, Centenary
Florida:
Shadowood 16, Boca Raton
South Beach Stadium 18 and IMAX, Miami
The location of Regal Cinemas Union Square in New York City, one of 39 theaters about to close. (Lev Radin/Pacific Press/LightRocket via Getty Images/Getty Images)
Hawaii:
Keauhou Stadium 7, Kona
Illinois:
Bolingbrook Stadium 12, Bolingbrook
Round Lake Beach Stadium 18, Round Lake Beach
maine:
Brunswick 10, Brunswick
maryland:
14 Bowie Stadium, Bowie
Rockville Center Stadium 13, Rockville
Massachusetts:
Fenway Stadium 13 and RPX, Boston
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Nebraska:
Omaha Stadium 16, Omaha
Nevada:
18 Village Square Stadium, Las Vegas
New Hampshire:
Concord 10, Concord
New Jersey:
14 Hamilton Commons Stadium, Mays Landing
Pohatcong Stadium 12, Phillipsburg
A Regal Cinemas theater in Irvine, Calif., which will remain open while seven others are expected to close across the state. (AaronP/Bauer-Griffin/GC Images/Getty Images)
New Mexico:
Santa Fe Stadium 14, Santa Fe
New York:
Elmwood Center 16, Buffalo
Ithaca Mall Stadium 14, Ithaca
Cortlandt Town Center, Lake Mohegan
Union Square Stadium 14, New York
Greece Ridge Stadium 12, Rochester
Transit Center Stadium 18 and IMAX, Williamsville
North Caroline:
Beaver Creek Stadium 12, Apex
Ohio:
Montrose Movies Stadium 12, Akron
pennsylvania:
14 Barn Plaza Stadium, Doylestown
Oaks Stadium 24, Oaks
Virginia:
Stonefield Stadium 14 and IMAX, Charlottesville
Greenbrier Stadium 13, Chesapeake
washington:
16th Meridian, Seattle
Washington DC:
Gallery Place Stadium 14, Washington, DC
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Regal, in April 2022, said it “operates one of the largest and most geographically diverse theater circuits in the United States, consisting of 6,787 screens in 505 theaters in 42 states along with American Samoa, the District of Columbia, Guam and Saipan.”
