Regal Cinemas
Parent Company of Regal Cinemas Files for Bankruptcy
Cineworld, the parent company of the world’s second-largest theater chain Regal Cinemas, has filed for bankruptcy. As Deadline reports, Cineworld commenced Chapter 11 through the U.S. Bankruptcy Court for the Southern District of Texas. The action includes $1.94 billion in debtor-in-possession financing, which allows the chain to continue operating through restructuring by taking on even more debt. Cineworld hopes to emerge from Chapter 11 early in 2023. Until then, the company will pursue a “a real estate optimization strategy in the US,” — a nice way of saying they’re closing a bunch of theaters — while also “engaging in collaborative discussions with US landlords to improve US cinema lease terms.” Advertisement Related Video Cineworld operates 9,139 screens across 747 the...
AMC and Regal Offering $3 Movie Tickets on Inaugural National Cinema Day
Come this Saturday, September 3rd, movie fans will be able to pick up tickets for the steeply discounted price of $3 each as part of the inaugural National Cinema Day. Both Regal Cinemas and AMC Theaters will be participating in the event, which extends to all movies and showtimes, including premium formats like IMAX and Dolby Cinema. Though taxes and convenience fees like online and third-party surcharges are not included, AMC is sweetening the deal even further by offering a $5 fountain drink and popcorn combo. According to The Cinema Foundation, a non-profit arm of the National Association of Theater Owners, $3 movie tickets will be available at more than 3,000 theaters and 30,000 screens. Exclusive previews of upcoming movies will also be featured during the showings. Find out the part...
Regal to Close All 536 Theaters in the US, AMC Vows to Stay Open
Regal Cinemas, the second-largest movie chain in America, will once again close its doors due to challenges posed by the pandemic. At the same time, Regal’s chief rival and America’s largest theater chain, AMC, vowed to stay open. Regal’s parent company, Cineworld, announced Monday that it will suspend operations at all 536 of its US movie theaters beginning this Thursday. The company specifically cited the dearth of upcoming releases as the main reason for the decision. In recent days, major blockbusters including James Bond’s No Time to Die and Dune have been pushed back to 2021. “Without these new releases, Cineworld cannot provide customers in both the US and UK — the company’s primary markets — with the breadth of strong commercial films necessary fo them to consider coming back to th...
Movie Theaters in California to Close Immediately Due to Coronavirus Spike
After a spike in COVID-19 cases during the ongoing coronavirus pandemic, California Governor Gavin Newsom has ordered all movie theaters in the state to close immediately … again, reports Variety. The government mandate follows Newsom’s previous announcement that movie theaters in almost 20 counties, including Los Angeles County, would be closed for three weeks. After seeing the latest data, he decided to double down and closing all movie theaters across the state. Those numbers reveal that, over the past two weeks, California’s hospitalizations have risen by 28% and ICU admissions have increased by 20%. “This virus is not going away anytime soon,” explained Newsom during a news conference on Monday. “I hope all of us recognize that if we are still connected to some notion that somehow whe...
Movie Theater Chains Sue New Jersey to Reopen, Equating Themselves to Churches
Movie theaters vs churches (photos by Felix Mooneeram and Karl Fredrickson/Unsplash) Satire is dead and reality continues to dance atop its grave. Movie theaters, where folks can check out the latest Adam Sandler film, are now equating their value in society to that of churches, sacred spiritual spaces where people gather to worship. The unusual comparison is being made as reopening guidelines are allowing for churches, but not theaters to resume operations. As of July 6th, AMC, Regal, Cinemark, and other theater giants are suing the state of New Jersey for not being able to open for business due to COVID-19 restrictions. According to the legal complaint led by the National Association of Theatre Owners of New Jersey, their continued closure while churches and malls are allowed to operate ...
Regal Cinemas Announce Coronavirus Guidelines for Reopening Next Month
Regal Cinemas have announced arbitrary new safety guidelines to facilitate crowds of people packing together amidst the coronavirus pandemic. America’s second-largest movie theater chain will reopen July 10th. Taken together, the newly-announced rules have all the charm and capriciousness of a trip through airport security. Regal Cinemas has implemented a suite of regulations to stop surface-to-person transmission of COVID-19, even though the CDC thinks that’s relatively rare. And despite the fact that mask wearing is the single best precaution people can take — scientists think it might be more important than social distancing — Regal is deferring to local regulations around masks, and won’t force employees or customers to wear them in states where it isn’t required. But if the novel coro...
