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Regal Cinemas to close 39 movie theaters across the United States

Alejandra Ramos

New York (CNN) Regal Cinemas is closing 39 more theaters across the United States.

The decision comes four months after its parent company Cineworld filed for Chapter 11 bankruptcy protection after the pandemic devastated the industry and public screenings.

In a presentation this week, Cineworld said it plans to reject the leases for all 39 theaters effective February 15, saving the company $22 million annually.

Cineworld is working with the owners to keep their other theaters open. About 500 remain, after these closures and the previous round of closures that occurred in September 2022 that closed 12 locations.

“The debtors are hopeful that these negotiations will lead to lease concessions and modifications that will obviate the need for denial and allow additional movie sites to remain open,” Cineworld said in this week’s filing.

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When Cineworld announced its decision to file for bankruptcy last year, the company said it wanted to get rid of the debt. He hopes that filing for bankruptcy will “strengthen its balance sheet and provide the financial strength and flexibility to accelerate and capitalize on Cineworld’s strategy in the film industry.”

Regal Cinemas is the second largest movie theater chain in the United States after AMC Theatres, which has 950 locations according to its website.

These are the locations Regal plans to close:

Tikahtnu Stadium 16 en Anchorage, Alaska Metro Point en Costa Mesa, California Berkeley 7 en Berkeley, California Parkway Plaza Stadium 18 y Imax en El Cajon, California Escondido Stadium 16 y Imax en Escondido, California Hemet Cinema 12 en Hemet, California Sherman Oaks Galleria 16 en Los Ángeles, California Yorba Linda y Imax en Yorba Linda, California Meadows Stadium 12 en Littleton, Colorado SouthGlenn Stadium 14 En Centennial, Colorado Shadowood 16 en Boca Raton, Florida South Beach Stadium 18 y Imax en Miami, Florida Keauhou Stadium 7 en Kailua-Kona, Hawai Bolingbrook Stadium 12 en Bolingbrook, Illinois Round Lake Beach Stadium 18 en Round Lake Beach, Illinois Fenway Stadium 13 y RPX en Boston, Massachusetts Bowie Stadium 14 en Bowie, Maryland Rockville Center Stadium 13 en Rockville, Maryland Brunswick 10 en Brunswick, Maine Beaver Creek Stadium 12 en Apex, Carolina del Norte Omaha Stadium 16 en Omaha, Nebraska Concord 10 en Concord, Nueva Hampshire Hamilton Commons Stadium 14 en Landing, Nueva Jersey Pohatcong Stadium 12 en Phillipsburg, Nueva Jersey Santa Fe Stadium 14 en Santa Fe, Nuevo México Village Square Stadium 18 en Las Vegas, Nevada Elmwood Center 16 en Buffalo, Nueva York Ithaca Mall Stadium 14 en Ithaca, Nueva York Cortlandt Town Center en Mohegan Lake, Nueva York Union Square Stadium 14 en Nueva York, Nueva York Greece Ridge Stadium 12 en Rochester, Nueva York Transit Center Stadium 18 y Imax en Williamsville, Nueva York Montrose Movies Stadium 12 en Akron, Ohio Barn Plaza Stadium 14 en Doylestown, Pensilvania Oaks Stadium 24 en Oaks, Pensilvania Greenbrier Stadium 13 en Chesapeake, Virginia Stonefield Stadium 14 y Imax en Charlottesville, Virginia Meridian 16 en Seattle, Washington Gallery Place Stadium 14 en la ciudad de Washington

The-CNN-Wire
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