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Cineworld, owner of Regal, confirms it’s considering bankruptcy
Read full article: Cineworld, owner of Regal, confirms it’s considering bankruptcyIn a story published August 22, 2022, about Cineworld Group possibly filing for bankruptcy protection, The Associated Press erroneously reported the title of the new “Jurassic World" movie.
Regal theaters to temporarily close due to lack of new movies
Read full article: Regal theaters to temporarily close due to lack of new moviesLONDON – Shares in the company that owns the Regal, Cineworld and Picturehouse movie theaters fell as much as 58% after it said it will temporarily close the venues because delays to the latest James Bond film left it with few blockbusters to attract customers during the pandemic. Cineworld Group Plc said Monday that 536 Regal cinemas in the U.S. and 127 Cineworld and Picturehouse venues in the U.K. would close on Thursday. The company has high debts and is, like the wider industry, struggling with the effects of the pandemic. Cineworld shares fell as low as 15.64 pounds in London and were down 31% at 27.41 in morning trading. Cineworld had also been highly leveraged, having largely funded its acquisition of Regal Entertainment in 2018 through debt.
Regal theaters to reopen on Aug. 21
Read full article: Regal theaters to reopen on Aug. 21Regal announced theatres will reopen on Aug. 21. Contactless payment will be available through the Regal app. Each auditorium will be sanitized after each movie, according to Regal. Arcade machines and vending machines will be closed, according to Regal. Regal said each theater will follow county and state guidelines when it comes to capacity and group size.