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Two Regal movie theaters closing in metro area as company navigates bankruptcy

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Parent company Cineworld will shutter 39 Regal Cinemas theaters across the country, including two in Colorado, as part of a Chapter 11 bankruptcy reorganization.

are in addition to a dozen already shut down after the company’s bankruptcy filing in September, according to businessinsider.com.

The two theaters in the metro area are Meadows Stadium 12 in Littleton and Southglenn Stadium 14 in Centennial. Movie theater operator Cineworld Group LLC filed for Chapter 11 bankruptcy protection as it deals withIn October 2019, Regal operated the second-largest theater circuit in the country, with more than 7,200 screens in 549 theaters.

Cineworld told the court Tuesday, according to Business Insider, that its plan to reject the leases for some 39 locations would help it save $22 million a year and that it is still working with landlords to preserve other theaters.

 

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Fonte: FoxBusiness - 🏆 458. / 53 Leggi di più »