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 (Cineworld and its affiliates) find one
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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 process. “We are not going to stick around forever.
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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 advertising in and it still owns a
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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 salaries and benefits. The shares, traded on the London
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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 estate optimisation strategy in the US,”
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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 potential Chapter 11
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EXCLUSIVE: Mooky Greidinger, CEO of Cineworld, the world’s second-biggest exhibition circuit and owner of Regal Cinemas, says he’s satisfied with this past weekend’s $80M domestic theatrical box office opening for Disney/Marvel’s Black Widow. But he also tells Deadline he remains “convinced” that with an exclusive theatrical window, “we could have brought in maybe $110M, maybe
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EXCLUSIVE: Regal Cinemas will release Craig Singer’s independent film 6:45 exclusively in theaters in the U.S. and Canada on August 6 The director and former Disney creative executive Singer (Animal Room, Dark Ride, A Good Night To Die) said the agreement marks the first time since the pandemic that the nation’s second largest chain has
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New York City, the nation’s leading movie market along with still-shuttered Los Angeles, springs back to life Friday after being flattened by Covid-19 for nearly a year. A pulse was detected in advance ticket sales with a handful of shows selling out at AMC Entertainment’s flagship Empire 25 theater in Times Square including a 4:30
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Cineworld Group, owner of Regal Cinemas in the U.S. and the world’s second largest exhibitor, has reacted to Warner Bros’ bombshell Thursday announcement that its entire 2021 film slate will debut on HBO Max day-and-date with cinemas domestically. In a statement, Cineworld said the company believes that when cinemas make a comeback, Warners “will look
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Being a champion of exhibition, and the first tentpole filmmaker to get movie theaters up and running with Tenet, it should come as no surprise to hear that the movie’s filmmaker Christopher Nolan and his wife, producer Emma Thomas, headed to the multiplex recently in Irvine CA, showing their full support for theaters. In fact,
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EXCLUSIVE: The box office weekend projections for Warner Bros.’ Tenet just got higher. We can report that Regal Cinemas will have their cinemas reopened in time for this weekend’s release of the Christopher Nolan movie in New Jersey, Maryland and some cities in California. As of tomorrow, Wednesday at 5PM, Regal will be reopening their theatres in
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EXCLUSIVE: After being closed for over five months, Cineworld reopened about 200 of its Regal Cinemas in the U.S. this past weekend. Health and safety measures — which required an investment in the millions across the parent company’s full estate — were in place, and the response from audiences was “encouraging,” says Cineworld Group CEO
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The number of movie theaters closing today in U.S. and Canada went from around 200 this morning to well past 3K locations tonight according to sources. Alamo Drafthouse has just shuttered all their corporate-owned sites and all but one-franchise owned location in Winchester, VA. Over the weekend, they had already turned out the lights at
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