Saturday, January 21, 2023

Regal to shut down six movie theaters in Southern California due to chain’s bankruptcy

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LOS ANGELES (CNS) — More than three dozen Regal theaters, including three in Los Angeles and Orange counties, are closing as the chain’s parent company wriggles through bankruptcy.

According to court documents filed this week, Cineworld plans to close 39 cinemas across the country, with closure expected to begin next month. According to Business Insider, which was first to report the news, the closures are expected to save the company $22 million annually. Another dozen Regal theater locations have previously closed.

Cineworld filed for bankruptcy in September.

According to the documents, the following local theaters are to be closed:

– Sherman Oaks Galleria 16;

– Metro point in Costa Mesa; and

— Yorba Linda and Imax.

Also on the chopping block are Parkway Plaza Stadium 18 and Imax in El Cajon, Escondido Stadium 16 and Imax, and Hemet Cinema 12.

The Berkeley 7 theaters in Northern California will also close.

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