Regal Entertainment Group
Regal Plans to Upgrade Its Movie Theaters With $250M Capital Raise
Regal Cinemas, the second-largest movie theater chain in the U.S., has secured $250 million to give its locations an upgrade, the exhibitor said on Tuesday. The raise is intended to boost its already existing locations (425 theaters across the country) with enhancements like luxury recliners and other amenities. Regal is owned by embattled theater giant […]
- By
Taylor Swift’s ‘Eras Tour’ Concert Film Set for Los Angeles World Premiere
AMC Theaters plans a world-premiere screening in Los Angeles for the Taylor Swift: The Eras Tour concert film Oct. 11. There’s no word on whether Taylor Swift will walk the red carpet in Hollywood, or at which theater, but the gala screening will come two days before the concert film opens in over 100 countries […]
- By
Cineworld Emerges From Chapter 11 Bankruptcy, Ann Sarnoff Joins Board
Cinema giant and Regal Entertainment owner Cineworld has successfully completed its financial restructuring process and emerged from its Chapter 11 bankruptcy cases in the U.S. The exhibition company unveiled the news late on Monday along with new board members, including former Warner Bros. top executive Ann Sarnoff. Shareholders have been wiped out as part of […]
- By
Regal Owner Cineworld Takes Next Step Toward Exiting Bankruptcy
Regal Entertainment owner Cineworld Group has named an administrator in the U.K. and had its shares delisted from the London Stock Exchange as the movie theater giant eyes an exit from U.S. bankruptcy protection. On Monday, the cinema chain said Cineworld Group had entered administration under a U.K. court order and New York-based AlixPartners had been appointed […]
- By
Cineworld Reorganization: Cinépolis Top Executive Eduardo Acuna to Serve as New CEO
Cineworld lenders have agreed to appoint Eduardo Acuna as CEO of the newly incorporated parent company of the group, the so-called “NewCo,” as of the effective date of the cinema giant’s plan of reorganization, the company said on Thursday. The plan, developed after the exhibitor’s Chapter 11 bankruptcy filing, was confirmed by the United States […]
- By
Regal Owner Cineworld to File for Administration in U.K. as Part of Restructuring
Regal owner Cineworld Group will file for administration in the U.K. and delist its shares from the London Stock Exchange. In the latest update on its restructuring plan, Cineworld said its business would not be impacted by a planned emergence from U.S. bankruptcy protection set for July as assets in the cinema chain would be […]
- By
Regal Cinemas, National CineMedia Sign New Long-Term Deal
National CineMedia has signed a new longterm deal with Regal Cinemas, one of its founding partners, in the latest sign both companies are moving towards restructuring their struggling businesses in a recovering exhibition sector. Terms of the new 10-year exhibitor service agreement were not disclosed, but the deal will see NCM continue to exclusively offer on-screen […]
- By
Cineworld Scraps Plan to Sell Businesses Outside U.S. and U.K.
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 its so-called “Rest of the World” business, which includes cinema chains in Eastern Europe and Israel, from […]
- By
Regal to Reopen Former ArcLight Movie Theater in Pasadena
After three long years of being dark, the former ArcLight movie theater at The Paseo outdoor mall in Pasadena will once again welcome patrons. Regal Cinemas said Thursday it has entered into a lease agreement with Onni Group to operate the 14-screen theater, which closed in March 2020 amid the COVID-19 crisis and never reopened […]
- By
Cineworld Formally Files Reorganization Plan, Targets Emerging From Bankruptcy by Mid-Year
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 […]
- By
Cineworld Receives 40 Bids From Potential Buyers for Non-U.S. Assets
Regal Entertainment Group-parent Cineworld has received around 40 non-binding bids from potential buyers, but with none showing interest in the exhibition giant’s UK or U.S. assets or coming near to covering a $6 billion debt load. On Tuesday, during a virtual status session before Judge Marvin Isgur of the U.S. Bankruptcy Court in Houston, Joshua Sussberg, […]
- By
Regal Owner Cineworld Says It’s Been Approached by Multiple Buyers Amid Bankruptcy Process
Exhibition giant Cineworld, which filed for Chapter 11 protection in the U.S., has told a virtual status conference that the company and its creditors are moving toward a court-directed settlement of the bankruptcy process. On Wednesday, Joshua Sussberg, a lawyer for U.K.-based Cineworld, owner of the Regal Entertainment Group, told Judge Marvin Isgur of the U.S. Bankruptcy Court in Houston that […]
- By