Regal Cinemas is closing 39 more movie theaters. See the list | CNN Business

LTC Eugene Chu thanks for the share.
..."ineworld is working with landlords to keep its other theaters open. Around 500 remain, after these closures and a previous round in September 2022 that shuttered 12 locations.

“The debtors are hopeful that these negotiations will lead to lease concessions and modifications that will obviate the need for rejection and enable additional theater sites to remain open,” Cineworld said in this week’s filing.

When Cineworld announced its decision to file for bankruptcy last year, the company said it wanted to shed debt. It expects filing for bankruptcy will “strengthen its balance sheet and provide the financial strength and flexibility to accelerate, and capitalize on, Cineworld’s strategy in the cinema industry.”

Regal Cinemas is the United States’ second-largest theater chain after AMC Theaters, which has 950 locations according to its website."...

We also had this happen up here in edmonton. This theater was known for playing movies that had been out for a while and it was generally cheaper.

https://beta.ctvnews.ca/local/edmonton/2023/1/13/1_6230496.amp.html

LTC Eugene Chu Currently living in a Kansas small town. We have a theater that is a regional chain. Small but has the basics plus reclining seats. I think if theaters went back to the basics, the cost of upkeep wouldn't look so dreadful. And just about every time we attend we get a free popcorn or drink with their promotional system. I think these larger theaters need to consider that moviegoers really just want that experience of the movie on a big screen and popcorn in hand. Sometimes other things don't matter.