Bankrupt Regal parent Cineworld said it had multiple bids for all or some of its assets in initial expressions of interest due last week. Its business includes Regal in the U.S.; Cineworld and Picturehouse in the UK and Ireland; and “rest of world” cinemas in Central and Eastern Europe, and Israel. Cineworld attorney Joshua Sussberg
Regal Cinemas
Regal parent Cineworld said it’s opted to pursue a sale of assets and the process “is well under way” with non-binding bids due February 16. The company said in a bankruptcy filing this week that it’s reached out to 30 “potential transaction parties” including many competitors. If the debtors (Cineworld and its affiliates) find one
Regal parent Cineworld is rejecting the leases of three dozen more theaters as part of its ongoing bankruptcy proceeding, including some major locations. In filings this week, the theater chain requested, and was granted by a bankruptcy court judge, the right to walk away from nearly 40 unexpired leases including at Union Square in New
Judge Marvin Isgur on Wednesday told parties to the Cineworld bankruptcy that they need to speed things up as debtors and creditors hash out a restructuring plan for the giant movie chain, including closing theaters, wrapping up lease negotiations with landlords, and advancing an overall sale process. “We are not going to stick around forever.
National CineMedia is suing Regal Cinemas, one of its founding partners, for hiding behind Chapter 11 to cancel a longstanding and legally binding contract – a twist in the bankruptcy saga of Regal parent Cineworld. Regal created National CineMedia with AMC and Cinemark in 2007 to provide in-theater advertising in and it still owns a
No surprise here, but we hear Regal has shuttered 12 of its 542 multiplexes as parent company Cineworld remains in Chapter 11 bankruptcy. Those 12 include Anaheim Hills 14, Calabasas Stadium 6, Westpark 8 in the Los Angeles market; Crow Canyon Stadium 6 in the San Francisco area, the Broadway Faire in Fresno, CA; Richland
Shares of Cineworld rose Friday after a U.S. Bankruptcy Court judge granted Regal Cinemas’ parent Cineworld immediate access to up to approximately $785 million of a financing facility, providing sufficient liquidity for the giant theater chain to meet ongoing obligations, including to vendors, suppliers and employee salaries and benefits. The shares, traded on the London
The shoe finally fell today as giant theater chain Cineworld filed for Chapter 11. The bankruptcy includes a $1.94 billion debtor-in-possession financing facility from existing lenders to keep things running. Cineworld expects to emerge from Chapter 11 in the first quarter of 2023 and meanwhile will pursue “a real estate optimisation strategy in the US,”
Cineworld,, staggering under heavy debt and facing a dip in box office revenue this quarter, asserted Friday that it’s business as usual for the giant movie chain while it explores options. The statement follows a report today that the U.K parent of Regal Cinemas is preparing to file for bankruptcy. Cineworld presaged a potential Chapter 11
AMC Entertainment CEO Adam Aron said a Canadian court ruling requiring its biggest rival to pay a hefty fine is an “opportunity,” leaving Wall Street and AMC’s own legion of retail investors wondering what he meant. Last summer, in the midst of the pandemic, Cineworld, the UK-based parent of Regal Cinemas, scrapped a deal to
EXCLUSIVE: Mooky Greidinger, CEO of Cineworld, the world’s second-biggest exhibition circuit and owner of Regal Cinemas, says he’s satisfied with this past weekend’s $80M domestic theatrical box office opening for Disney/Marvel’s Black Widow. But he also tells Deadline he remains “convinced” that with an exclusive theatrical window, “we could have brought in maybe $110M, maybe
EXCLUSIVE: Regal Cinemas will release Craig Singer’s independent film 6:45 exclusively in theaters in the U.S. and Canada on August 6 The director and former Disney creative executive Singer (Animal Room, Dark Ride, A Good Night To Die) said the agreement marks the first time since the pandemic that the nation’s second largest chain has
Major movie theater circuits AMC, Regal Cinemas and Cinemark have adjusted their policies on face masks, allowing those who have been vaccinated against Covid-19 to not have to wear them. The change comes as the North American box office heats up this weekend. Paramount’s A Quiet Place, Part II and Disney’s Cruella are battling over
New York City, the nation’s leading movie market along with still-shuttered Los Angeles, springs back to life Friday after being flattened by Covid-19 for nearly a year. A pulse was detected in advance ticket sales with a handful of shows selling out at AMC Entertainment’s flagship Empire 25 theater in Times Square including a 4:30
Cineworld Group, owner of Regal Cinemas in the U.S. and the world’s second largest exhibitor, has reacted to Warner Bros’ bombshell announcement on Thursday that its entire 2021 film slate will debut on HBO Max day-and-date with cinemas domestically. In a statement, Cineworld CEO Mooky Greidinger said the company believes that wen cinemas make a
EXCLUSIVE: For all the headlines today that everything is coming up roses with exhibition after Pfizer’s good news about a COVID-19 vaccine, Regal Cinemas, will shutter the 18 locations the chain left open in New York and California, effective Thursday. Those sites will stay closed now with the rest of the U.S. chain until further
Two weeks after Cineworld announced the closing of its U.S. 536 Regal Cinemas chain, the circuit is reopening 11 locations in New York this Friday, Oct. 23 following Governor Andrew Cuomo’s recent approval to reopen movie theaters in the Empire State. The 11 Regal sites join the chain’s seven California multiplexes which continue to stay
Regal Cinemas is taking it to the streets, with the marquee of its iconic and shuttered Times Square multiplex admonishing New York Governor Andrew Cuomo for being just about the last pol in the country to reopen cinemas. “48 states have reopened theatres safely. Why not New York, Governor Cuomo?” blared from that strip of
EXCLUSIVE: Cineworld Group, the world’s second biggest exhibition chain, today announced plans to temporarily close its Regal movie theaters in the U.S. and its Cineworld and Picturehouse sites in the UK as coronavirus wreaks havoc with the industry. Cineworld CEO Mooky Greidinger tells Deadline the decision primarily came down to New York Governor Andrew Cuomo’s
Being a champion of exhibition, and the first tentpole filmmaker to get movie theaters up and running with Tenet, it should come as no surprise to hear that the movie’s filmmaker Christopher Nolan and his wife, producer Emma Thomas, headed to the multiplex recently in Irvine CA, showing their full support for theaters. In fact,
EXCLUSIVE: The box office weekend projections for Warner Bros.’ Tenet just got higher. We can report that Regal Cinemas will have their cinemas reopened in time for this weekend’s release of the Christopher Nolan movie in New Jersey, Maryland and some cities in California. As of tomorrow, Wednesday at 5PM, Regal will be reopening their theatres in
After being closed for over five months, Cineworld reopened about 200 of its Regal Cinemas in the U.S. this past weekend. Health and safety measures — which required an investment in the millions across the parent company’s full estate — were in place, and the response from audiences was “encouraging,” says Cineworld Group CEO Mooky
EXCLUSIVE: We’ve just heard that Cineworld, in response to the recent changes on the theatrical release schedule with Tenet, is reopening its U.S. circuit Regal, on Aug. 21. “Welcoming theatergoers back to our cinemas will be a celebration for not only our team and our industry, but most importantly for the fans who have been
EXCLUSIVE: We have just received word that No. 2 film exhibitor Regal Cinemas is requiring all patrons to wear face masks. In an updated policy today on the chain’s website, “As related to our employees, guests will also be required to wear masks. Disposable masks will be made available as needed,” noted Regal. The chain’s
EXCLUSIVE: In sign of what many are expecting is yet to come for all theaters in the U.S., Regal Cinemas is shutting down all their locations starting Tuesday, March 17 as a precaution amid the current circumstances. All theaters will remain closed until further notice. Regal, is the second-biggest chain in the U.S. with 7,155
We just got word that Regal Cinemas is the next biggest chain stateside to enforce a reduced auditorium capacity size of 50% where applicable and “with state mandates on social gatherings” says the exhibitor. AMC just recently announced a similar policy. Of the distribution bosses we’ve spoken to, we hear that they don’t expect any