New York
CNN
—
Regal Cinemas is closing another 39 theaters across the United States.
The decision comes four months after its parent company Cineworld filed for Chapter 11 bankruptcy after the pandemic devastated the industry and public screenings.
In a filing this week, Cineworld said it plans to deduct rent for 39 theaters starting Feb. 15, saving the company $22 million a year.
Cineworld is working with landlords to keep other cinemas open. There are about 500 left, after these closures and the previous round in September 2022, which closed 12 locations.
“The Debtors hope that these negotiations will lead to lease concessions and modifications that will avoid the need for rejection and allow additional cinema sites to remain open,” Cineworld said in this week’s filing.
When Cineworld announced its bankruptcy decision last year, the company said it wanted to get rid of its debt. The bankruptcy filing is expected to “strengthen its balance sheet and provide the financial strength and flexibility to accelerate and capitalize on Cineworld’s strategy in the cinema industry.”
Regal Cinemas is the second-largest movie theater chain in the United States after AMC Theaters, which has 950 locations, according to its website.
Here are the locations Regal plans to close:
- Tikahtnu 16 Stadium in Anchorage, Alaska
- Metro Point in Costa Mesa, California
- Berkeley 7 in Berkeley, California
- Parkway Plaza 18 and Imax Stadium in El Cajon, California
- Escondido 16 and Imax Stadium in Escondido, California
- Hemet 12 Cinema in Hemet, California
- 16 Sherman Oaks Galleria in Los Angeles, California
- Yorba Linda and Imax in Yorba Linda, California
- Meadows 12 Stadium in Littleton, Colorado
- SouthGlenn Stadium 14 in Centennial, Colorado
- Shadowood 16 in Boca Raton, Florida
- South Beach Stadium 18 and Imax in Miami, Florida
- Keauhou Stadium 7 in Kailua-Kona, Hawaii
- Bolingbrook Stadium 12 in Bolingbrook, Illinois
- Round Lake Beach 18 Stadium in Round Lake Beach, Illinois
- Fenway Stadium 13 and RPX in Boston, Massachusetts
- Bowie 14 Stadium in Bowie, Maryland
- Rockville Center 13 Stadium in Rockville, Maryland
- Brunswick 10 in Brunswick, Maine
- Beaver Creek 12 Stadium in Apex, North Carolina
- Omaha 16 Stadium in Omaha, Nebraska
- Concord 10 in Concord, New Hampshire
- Hamilton Commons 14 Stadium in Landing, New Jersey
- Pohatcong Stadium 12 in Phillipsburg, New Jersey
- Santa Fe Stadium 14 in Santa Fe, New Mexico
- Village Square 18 Stadium in Las Vegas, Nevada
- 16 Elmwood Center in Buffalo, New York
- Ithaca Mall 14 Stadium in Ithaca, New York
- Downtown Cortlandt in Lake Mohegan, New York
- 14 Union Square Stadium in New York, New York
- Greece Ridge Stadium 12 in Rochester, New York
- Transit Center Stadium 18 and Imax in Williamsville, New York
- Montrose Movies 12 Stadium in Akron, Ohio
- Barn Plaza Stadium 14 in Doylestown, Pennsylvania
- Oaks 24 Stadium in Oaks, Pennsylvania
- Greenbrier Stadium 13 in Chesapeake, Virginia
- Stonefield Stadium 14 and Imax in Charlottesville, Virginia
- Meridian 16 in Seattle, Washington
- Gallery Place 14 Stadium in Washington, DC