Regal Cinemas movie theaters in Southern California from 39 to close

Amid ongoing financial difficulties, a large number of Regal Cinemas theaters in Southern California will close for good this year.

A total of nearly 40 locations are closing in the US. The news comes after parent company Cineworld filed for bankruptcy last September.

According to a U.S. bankruptcy court filing, the company plans to reject the leases of 39 locations, including six in Southern California.

Regal Cinemas is the second largest theater chain in the US after AMC Theaters, according to Variety. Cineworld operates 747 locations in 10 countries, with approximately 500 theaters in the US

The Southern California locations that are closing are:

16 Sherman Oaks Galleria, Los Angeles
-Metro Point, Costa Mesa
-Yorba Linda & IMAX, Yorba Linda
-Hemet Cinema 12, Hemet
-Parkway Plaza Stadium 18 & IMAX, El Cajon
-Escondido Stadium 16 & IMAX, Escondido, California.

Other theaters are closing across the country:

-Berkeley 7, Berkeley, California.
-Montrose Movies Stadium 12, Akron, Ohio
-Greenbrier Stadium 13, Chesapeake, Va.
-Transit Center Stadium 18 & IMAX, Williamsville, NY
– 14 Barn Plaza Stadium, Doylestown, Pa.
-Rockville Center Stadium 13, Rockville, MD
-Oaks Stadium 24, Oaks, Pa.
– 16 Elmwood Center, Buffalo NY
-Pohatcong Stadium 12, Phillipsburg, New Jersey
-Round Lake Beach Stadium 18, Round Lake Beach, Illinois.
-Shadowood 16, Boca Raton, Fla.
-South Beach Stadium 18 & IMAX, Miami, Fla.
-Santa Fe Stadium 14, Santa Fe, NM
-Ithaca Mall Stadium 14, Ithaca, NY
-Village Square Stadium 18, Las Vegas, Nevada
-Cortlandt Town Center, Michigan Lake, NY
– 14 Union Square Stadium, New York, NY
– 12 Meadows Stadium, Littleton, Colo.
-Omaha Stadium 16, Omaha, Nebraska
-Gallery Place Stadium 14, Washington, DC
-SouthGlenn Stadium 14, Centennial, Colo.
-Brunswick 10, Brunswick, Maine
-Bowie Stadium 14, Bowie, MD
-Concord 10, Concord, New Hampshire
– 14 Hamilton Commons Stadium, Mays Landing, New Jersey
-Greece Ridge Stadium 12, Rochester, NY
– Bolingbrook Stadium 12, Bolingbrook, Illinois.
-Keauhou Stadium, Kailua Kona, Hawaii
-Beaver Creek Stadium 12, Apex, North Carolina
-Fenway Stadium 13 & RPX, Boston, Mass.
16 Meridian, Seattle, Wash.
-Stonefield Stadium 14 & IMAX, Charlottesville, Va.
-Tikahtnu Stadium 16 IMAX & RPX, Anchorage, Alaska

The closures follow what the company says is a massive decline in its domestic box office during the COVID-19 pandemic. According to the bankruptcy filing, the monthly rent per theater increased by almost 30% between 2019 and 2022.

“In total, the debtors estimate that negating the leases will save their estates about $22 million annually,” the document states.

The company posted a $3 billion loss in 2020 and a pre-tax loss of $708.3 million in 2021, Variety reported. The company’s net debt, excluding lease obligations, was $4.84 billion.

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