Regal Closes 12 U.S. Cinemas As Parent Cineworld Grapples With Bankruptcy
deadline.comEXCLUSIVE: 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 Crossing Stadium in the Philly area, Parkway Plaza Stadium 12 in the Seattle-Tacoma market, Greenville Grande Stadium in North Carolina, Middleburg Town Square Stadium 16 in Cleveland-Akron, Sherwood Stadium 10 in Portland, OR, Colonnade Stadium 14 in Las Vegas, and the Amarillo Star Stadium 14 in Texas.
Sources tell us that many of these theaters are older venues and run down, and it’s not shocking to see them go to the wayside.
Of the bunch, we hear an exhibitor might make a play for the lease of Calabasas Stadium given its upscale locale. AMC has been buzzed.
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