Regal Cinemas to Shut Down Many Movie Theaters Across the Country Following Bankruptcy

By Nathaniel Brail

When COVID-19 struck the world, it forced many businesses to close down, including the movie theater business. Some theater companies were able to get bailed out, while others are facing bankruptcy and closures. CineWorld's Regal Cinema chain is the first to be effected by the bankruptcy filings, with the parent company closing down several theaters. Now it seems that as things progress Cineworld will have to close even more of Regal Cinemas branches. According to The Wrap, Regal will close down 39 branches including Regal's Union Square location in New York City and the Sherman Oaks Galleria location next month. You can check out the list of closings below.

  •  Stadium 16 Imax and RPX (Anchorage, AK)
  • Metro Point (Costa Mesa, CA)
  • Berkeley 7 (Berkeley, CA)
  • Parkway Plaza Stadium 18 and Imax (El Cajon, CA)
  • Escondido Stadium 16 and Imax (Escondido, CA)
  • Hemet Cinema 12 (Hemet, CA)
  • Sherman Oaks Galleria 16 (Los Angeles, CA)
  • Yorda Linda and Imax (Yorba Linda, CA)
  • Meadows Stadium 12 (Littleton, CO)
  • SouthGlenn Stadium 14 (Centennial, CO)
  • Shadowood 16 (Boba Raton, FL)
  • South Beach Stadium 18 and Imax (Miami, FL)
  • Keauhou Stadium 7 (Kailua-Kona, HI)
  • Bolingbrook Stadium 12 (Bolingbrook, IL)
  • Round Lake Beach Stadium 18 (Round Lake Beach, IL)
  • Fenway Stadium 13 and RPX (Boston, MA)
  • Bowie Stadium 14 (Bowie, MD)
  • Rockville Center Stadium 13 (Rockville, MD)
  • Brunswick 10 (Brunswick, ME)
  • Beaver Creek Stadium 12 (Apex, NC)
  • Omaha Stadium 16 (Omaha, NE)
  • Concord 10 (Concord, NH)
  • Hamilton Commons Stadium 14 (Landing, NJ)
  • Pohatcong Stadium 12 (Phillipsburg, NJ)
  • Santa Fe Stadium 14 (Santa Fe, NM)
  • Village Square Stadium 18 (Las Vegas, NV)
  • Elmwood Center 16 (Buffalo, NY)
  • Ithaca Mall Stadium 14 (Ithaca, NY)
  • Cortlandt Town Center (Mohegan Lake, NY)
  • Union Square Stadium 14 (New York, NY)
  • Greece Ridge Stadium 12 (Rochester, NY)
  • Transit Center Stadium 18 and Imax (Williamsville, NY)
  • Montrose Movies Stadium 12 (Akron, OH)
  • Barn Plaza Stadium 14 (Doylestown, PA)
  • Oaks Stadium 24 (Oaks, PA)
  • Greenbrier Stadium 13 (Chesapeake, VA)
  • Stonefield Stadium 14 and Imax (Charlottesville, VA)
  • Meridian 16 (Seattle, WA)
  • Gallery Place Stadium 14 (Washington, DC)

News of a bankruptcy filing hit back in August, with The Wall Street Journal also saying that in the United Kingdom (where Cineworld is based), they are considering filing for an insolvency proceeding. This is the latest in a series of serious issues for Cineworld, who avoided bankruptcy in 2020 because in the throes of the pandemic, creditors were a bit more understanding of the theater chain's troubles.

AMC Theatres ended up getting an injection of cash from the internet, who turned the failing chain into a "meme stock" like Gamestop. Cineworld Chief Executive Mooky Greidinger told The Wall Street Journal that every company didn't have the good fortune to be lifted out of trouble by the arbitrary whims of Reddit.

"I think what happened to them is a very good thing for AMC. And you know, we are traded in the U.K. market. Not every stock in the U.S. market is a meme stock. And I think that AMC did well with it," Greidinger said, adding, "I don't think that any industry wants to see one of the huge players of the industry falling down. This isn't positive news for anyone."

What do you think about the latest update? Are you sad to see Regal go? Let us know in the comments below or by hitting up our writer @NateBrail on Twitter!

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