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Regal Cinemas to close down Bolingbrook and Spherical Lake Seashore …


Regal Cinemas, the second-largest chain of film theaters within the U.S., will shut 39 places after its mother or father corporate Cineworld filed for chapter in September, in line with criminal filings received by means of Selection.

Cineworld will reject the rentals starting Feb. 15. Amid a large decline within the home field place of business all through the COVID-19 pandemic, the per month hire consistent with theater greater by means of just about 30% from 2019 to 2022, in line with the most recent chapter submitting.

“In overall, the Borrowers estimate that rejecting the Rentals will save their estates roughly $22 million every year,” the record states. Any non-public assets of little worth closing on the places shall be deserted.

Cineworld operates 747 places with 9,139 monitors in 10 international locations, with more or less 500 of the ones theaters within the U.S. Theatrical moviegoing has taken an enormous hit all through the pandemic, with the 2022 home field place of business tapping out at $7.5 billion, an approximate 30% lower from the $11.4 billion in 2019 pre-COVID. The corporate took a lack of $3 billion in 2020, as many theaters remained shuttered, and a $708.3 million loss sooner than tax in 2021. The online debt, except rent liabilities, was once $4.84 billion.

Listed here are the 39 places shall be closed, by way of Business Insider, which first reported the scoop.

  • Tikahtnu Stadium 16 Imax and RPX (Anchorage, AK)
  • Metro Level (Costa Mesa, CA)
  • Berkeley 7 (Berkeley, CA)
  • Freeway 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 Seashore Stadium 18 and Imax (Miami, FL)
  • Keauhou Stadium 7 (Kailua-Kona, HI)
  • Bolingbrook Stadium 12 (Bolingbrook, IL)
  • Spherical Lake Seashore Stadium 18 (Spherical Lake Seashore, IL)
  • Fenway Stadium 13 and RPX (Boston, MA)
  • Bowie Stadium 14 (Bowie, MD)
  • Rockville Heart Stadium 13 (Rockville, MD)
  • Brunswick 10 (Brunswick, ME)
  • Beaver Creek Stadium 12 (Apex, NC)
  • Omaha Stadium 16 (Omaha, NE)
  • Cohesion 10 (Cohesion, NH)
  • Hamilton Commons Stadium 14 (Touchdown, NJ)
  • Pohatcong Stadium 12 (Phillipsburg, NJ)
  • Santa Fe Stadium 14 (Santa Fe, NM)
  • Village Sq. Stadium 18 (Las Vegas, NV)
  • Elmwood Heart 16 (Buffalo, NY)
  • Ithaca Mall Stadium 14 (Ithaca, NY)
  • Cortlandt The town Heart (Mohegan Lake, NY)
  • Union Sq. Stadium 14 (New York, NY)
  • Greece Ridge Stadium 12 (Rochester, NY)
  • Transit Heart Stadium 18 and Imax (Williamsville, NY)
  • Montrose Films 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 Position Stadium 14 (Washington, DC)

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