February 1, 2023

Hardwood Paroxysm

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Cineworld closes 23 Regal Theaters in the US

cinemaworld 23 theaters closed in the United StatesWhere you manage the supply chain Regal Cinema. This represents 5% of the total number of cinemas for Regal Group which owns 478 multiplexes in the country. The news was reported by Bloomberg News – according to which further closures are being planned – and Cineworld is close to announcing that it does not want to sell the assets individually. Cineworld has also denied that it is in talks with AMC.

We remember that last September it had started bankruptcy procedures In the United States of America with the procedure set forth in Chapter 11 of the United States Federal Code.

Cineworld, an English company based in London, is the second largest cinema circuit in the world – after AMC – with 9,518 screens for a total of 790 buildings. It is present in 10 countries including the UK and Ireland (under the Cineworld and Picturehouse brands), the US (Regal Cinemas), Israel (Yes Planet) and Central Eastern Europe (Cinema City).

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