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Movie theater giant and Regal owner Cineworld said on Thursday that it now expects to emerge from Chapter 11 bankruptcy in July. The second-largest exhibitor in the world had previously targeted to do so “by mid-year.” Cineworld had filed for Chapter 11 bankruptcy protection in September to look for ways to restructure its big debt burden. It then…
Cineworld Group, the owner of Regal Cinemas, has revealed that it has decided to scrap plans to sell its businesses outside the U.S., the U.K. and Ireland. The company said on Tuesday that it had received proposals for the rest of the world business, which includes cinema chains in Eastern Europe and Israel, from a…
Movie theater giant and Regal owner Cineworld has formally filed its recently unveiled reorganization plan to allow it to emerge from Chapter 11 bankruptcy in the near future, the company said early on Tuesday London time. It said its goal remains to do so by mid-year. The second-largest exhibitor in the world has also been looking at…
Movie theater giant Cineworld said early Monday London time that it has struck an agreement with lenders that would see it emerge from Chapter 11 bankruptcy via a restructuring. The company said it still expects to emerge from its Chapter 11 cases during the first half of 2023, even though the process could delay this…
Regal Closing Once-Busy Union Square Movie Theater In NYC as Bankruptcy Proceeds The fallout from Regal Cinemas’ bankruptcy proceedings continues. Parent company Cineworld has filed court papers revealing the imminent closure of 39 Regal locations across the United States — including the once-bustling Union Square Stadium 14 in New York City and the upscale Sherman…
Cineworld Denies Talks With AMC Theatres, Will Focus on Group Sale Rather Than Split Assets Bankrupt exhibition giant Cineword, which filed for Chapter 11 in the U.S. in September, has said it is holding out for a buyer for its entire business, denying reports that it has been looking to sell off individual assets. It…
“#Regal Cinemas Closing This Week, Some UK Theaters Closing Too – /Film” Over the weekend, Cineworld confirmed that they were considering temporary closure of all their Regal Cinemas locations in the United States as well as all of the theaters they own in the United Kingdom. At the time, it was merely an option they…
“#Cineworld May Have Regal Cinemas Closing Again Next Week – /Film” Last week, the James Bond franchise sequel No Time to Die became the latest blockbuster to have its theatrical release delayed to 2021. That may have been the last bit of hope that movie theaters had for staying open through the rest of the…
“#Cineworld, Owner of Regal Cinemas, is Not Happy About Universal’s New Deal with AMC Theatres” This week, AMC Theatres and Universal Pictures sent shockwaves through Hollywood by sparking a new deal that would shorten the window between the theatrical release of a movie and its debut on VOD to just 17 days. The theatrical window…
“Regal movie theater owner Cineworld expects to reopen in July” May 28, 2020 | 11:08am Enlarge Image A Regal Cinemas remains closed during the coronavirus pandemic in NYC. Getty Images Cineworld, the owner of Regal cinemas in the US, expects to reopen its doors for business in July. The movie-theater giant said late Wednesday it…