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Regal Parent Cineworld Has Reached Out To 30 Potential Buyers As It Pursues Sale; Initial Bids Due Next Month
Regal parent Cineworld said it's opted to pursue a sale of assets and the process "is well under way" with non-binding bids due February 16.
The company said in a bankruptcy filing this week that it's reached out to 30 "potential transaction parties" including many competitors. If the debtors…
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21 Comments Comment on Regal Parent Cineworld Has Reached Out To 30 Potential Buyers As It Pursues Sale; Initial Bids Due Next Month
Regal Shuttering High-Profile Sherman Oaks, Union Square Theaters Among Dozens Of Closures
Regal parent Cineworld is rejecting the leases of three dozen more theaters as part of its ongoing bankruptcy proceeding, including some major locations.
In filings this week, the theater chain requested, and was granted by a bankruptcy court judge, the right to walk away from nearly 40 unexpired…
Cineworld Bankruptcy Judge Tells Regal Parent To Fast-Track Theater Closings, Landlord Negotiations: “We Are Not Going To Stick Around Here Forever”
Judge Marvin Isgur on Wednesday told parties to the Cineworld bankruptcy that they need to speed things up as debtors and creditors hash out a restructuring plan for the giant movie chain, including closing theaters, wrapping up lease negotiations with landlords, and advancing an overall sale…
AMC Entertainment Talked With Regal Parent Cineworld About Acquiring Theaters In U.S. And Europe, But “Negotiations Are Not Continuing”
AMC Entertainment said it held talks with lenders about potentially acquiring theaters from the portfolio of bankrupt rival Cineworld, which owns Regal Cinemas.
In an SEC filing, the exhibitor said the negotiations were related to the Chapter 11 bankruptcy process unfolding with UK-based Cineworld…
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By Dade Hayes
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Family Feud: National CineMedia Sues Regal For Breach Of Contract, Says Theater Chain Is “Weaponizing” Chapter 11
National CineMedia is suing Regal Cinemas, one of its founding partners, for hiding behind Chapter 11 to cancel a longstanding and legally binding contract – a twist in the bankruptcy saga of Regal parent Cineworld.
Regal created National CineMedia with AMC and Cinemark in 2007 to provide in-theater…
Regal Closes 12 U.S. Cinemas As Parent Cineworld Grapples With Bankruptcy
No surprise here, but we hear Regal has shuttered 12 of its 542 multiplexes as parent company Cineworld remains in Chapter 11 bankruptcy.
Those 12 include Anaheim Hills 14, Calabasas Stadium 6, Westpark 8 in the Los Angeles market; Crow Canyon Stadium 6 in the San Francisco area, the Broadway Faire…
Cineworld Shares Rise As Bankrupt Chain Gets Access To $785 Million In Financing
Shares of Cineworld rose Friday after a U.S. Bankruptcy Court judge granted Regal Cinemas’ parent Cineworld immediate access to up to approximately $785 million of a financing facility, providing sufficient liquidity for the giant theater chain to meet ongoing obligations, including to vendors, suppliers and employee…
Sparks Fly Over Cineworld Bailout, But Judge Says: “I’m Not Going To Sleep Until We Get Those Employees Paid”; Bankrupt Chain Has Just $4M Cash On Hand
A federal judge sent a proposed $1.9 billion financing package for bankrupt Cineworld back to the table for a redo but said he's committed to approving some kind of cash injection quickly for the Regal Cinemas parent.
Cineworld filed for Chapter 11 in the Southern District of Texas yesterday with a so-called DIP, or…
Cineworld Bankruptcy’s Impact On Imax Is Blunted By Nature Of Lease Deals, Presence In Top-Grossing Sites, CFO Maintains
Imax Corp. CFO Natasha Fernandes said the company is “not exposed as much” as other business partners of Cineworld to the Regal Cinemas parent’s bankruptcy filing.
The No. 2 global exhibitor made the long-expected move this morning, citing the impact of Covid on its business.
Speaking at the Bank of America 2022…
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By Dade Hayes
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Regal Parent Cineworld Files For Bankruptcy
The shoe finally fell today as giant theater chain Cineworld filed for Chapter 11. The bankruptcy includes a $1.94 billion debtor-in-possession financing facility from existing lenders to keep things running.
Cineworld expects to emerge from Chapter 11 in the first quarter of 2023 and meanwhile will pursue “a real…
Regal Parent Cineworld “Open For Business As Usual” Amid Bankruptcy Talk; Cinema Stocks Dip
Cineworld, staggering under heavy debt and facing a dip in box office revenue this quarter, asserted Friday that it’s business as usual for the giant movie chain while it explores options.
The statement follows a report today that the U.K parent of Regal Cinemas is preparing to file for bankruptcy. Cineworld presaged a…
U.S. Theaters From Regal To Indies Will Play 2014 Ukrainian Film ‘The Guide’ Starting Friday With Proceeds Going To Relief Effort
A group of theater owners from giant Regal to independent cinemas have signed on to screen Ukrainian director Oles Sanin's 2014 feature film The Guide starting Friday, with proceeds going to relief efforts for the war-ravaged country.
More Stories On Russia-Ukraine Conflict
It's not clear at how many locations, but…
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