Latest in Regal Cinemas

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…

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…

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 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…

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…

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…

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…

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…

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…

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…

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…

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…