Thursday, September 8, 2022

Moon over Regal Cinemas Rockville as parent Cineworld files for bankruptcy (Photos)

The moon was out over the Regal Cinemas Rockville 13 cineplex last night, as Regal parent company Cineworld announced it is filing for Chapter 11 bankruptcy in the U.S. This isn't the end for Regal and its British parent, as Cineworld stated that it intends to emerge from bankruptcy next year. But the company did announce that it will be seeking to renegotiate its existing leases for individual theater locations, which could mean some theater closures if landlords balk. Cineworld's CEO blamed pandemic theater lockdowns and reduced ticket sales for the financial problems of the cinema group, which is the second-largest in the world behind AMC Theatres.

1 comment:

  1. I saw Thelma and louise at that theater in 1991.Caught some other good movies there also.Hope they stay open.