2023-01-20 08:00:00
New York (CNN) — Regal Cinemas will close 39 more movie theaters across the United States.
The decision comes four months after its parent company Cineworld filed for Chapter 11 bankruptcy protection after the pandemic devastated the industry and public screenings.
In a presentation this week, Cineworld said it plans to reject the leases for all 39 theaters effective February 15, saving the company $22 million annually.
Cineworld is working with the owners to keep their other theaters open. About 500 remain, after these closures and the previous round of closures that occurred in September 2022 which closed 12 locations.
“The debtors are hopeful that these negotiations will lead to lease concessions and modifications that will obviate the need for denial and allow additional movie sites to remain open,” Cineworld said in this week’s filing.
When Cineworld announced its decision to file for bankruptcy last year, the company said it wanted to get rid of the debt. He hopes that filing for bankruptcy will “strengthen its balance sheet and provide the financial strength and flexibility to accelerate and capitalize on Cineworld’s strategy in the film industry.”
Regal Cinemas is the second largest movie theater chain in the United States after AMC Theatres, which has 950 locations according to their website.
These are the locations Regal plans to close:
- Tikahtnu Stadium 16 en Anchorage, Alaska
- Metro Point in Costa Mesa, California
- Berkeley 7 en Berkeley, California
- Parkway Plaza Stadium 18 and Imax in El Cajon, California
- Escondido Stadium 16 and Imax in Escondido, California
- Hemet Cinema 12 en Hemet, California
- Sherman Oaks Galleria 16 in Los Angeles, California
- Yorba Linda and Imax in Yorba Linda, California
- Meadows Stadium 12 en Littleton, Colorado
- SouthGlenn Stadium 14 En Centennial, Colorado
- Shadowood 16 in Boca Raton, Florida
- South Beach Stadium 18 y Imax en Miami, Florida
- Keauhou Stadium 7 in Kailua-Kona, Hawaii
- Bolingbrook Stadium 12 and Bolingbrook, Illinois
- Round Lake Beach Stadium 18 en Round Lake Beach, Illinois
- Fenway Stadium 13 y RPX en Boston, Massachusetts
- Bowie Stadium 14 and Bowie, Maryland
- Rockville Center Stadium 13 in Rockville, Maryland
Brunswick 10 en Brunswick, Maine - Beaver Creek Stadium 12 and Apex, Carolina del Norte
- Omaha Stadium 16 and Omaha, Nebraska
- Concord 10 in Concord, New Hampshire
- Hamilton Commons Stadium 14 en Landing, Nueva Jersey
- Pohatcong Stadium 12 in Phillipsburg, New Jersey
- Santa Fe Stadium 14 in Santa Fe, New Mexico
- Village Square Stadium 18 en Las Vegas, Nevada
- 16 Elmwood Center in Buffalo, New York
- Ithaca Mall Stadium 14 in Ithaca, New York
- Cortlandt Town Center in Mohegan Lake, New York
- Union Square Stadium 14 in New York, New York
- Greece Ridge Stadium 12 in Rochester, New York
- Transit Center Stadium 18 and Imax in Williamsville, New York
- Montrose Movies Stadium 12 en Akron, Ohio
- Barn Plaza Stadium 14 a Doylestown, Pennsylvania
- Oaks Stadium 24 en Oaks, Pennsylvania
- Greenbrier Stadium 13 en Chesapeake, Virginia
- Stonefield Stadium 14 y Imax en Charlottesville, Virginia
- Meridian 16 en Seattle, Washington
- Gallery Place Stadium 14 in Washington City
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