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Cineworld quietly filed today that they no longer are seeking Regal lease rejections at 30 of the 49 theatres on their most rejection list.

Posted by: notfabio on Feb 15, 17:24

https://cases.ra.kroll.com/cineworld/Home-DownloadPDF?id1=MjM1MDE4OA==&id2=-1

Cineworld quietly filed today that they no longer are seeking Regal lease rejections at 30 of the 49 theatres on their most rejection list. notfabio Feb 15, 17:24

Tentatively this means Union Square and Sherman Oaks and most of the higher profile locations on that list are not going to close. {nm} notfabio Feb 15, 17:26

[i.e. active negotiations with landlords to keep in operation are progressing, but they leave open the possibility of refiling them again] {nm} notfabio Feb 15, 17:28

Similar news from earlier lease rejections, their 4th filing only 5 of the 23 lease rejections left standing. notfabio Feb 15, 17:32

movies are back, babeee (summer schedule is actually stacked for the first time since 2019) {nm} my mate paul Feb 15, 17:40

Maybe the entertainent press doesnt know how chapter 11 works (they were never going to close) {nm} Moviesnob Feb 15, 17:43

Some of the lease rejections are (becoming housing/misc developments), but yes, the major ones mostly should find new owners. {nm} notfabio Feb 15, 18:24

With the presumption that Cineworld/Regal is going to sell vs stay intact. {nm} notfabio Feb 15, 18:25

Still expecting things to shake out one way or the other by CinemaCon in April. Though if they are purchased could be a year to close. {nm} notfabio Feb 15, 18:28

some will close but most (especially the big ones) are just renegotiating their leases. thats all. {nm} Moviesnob Feb 15, 19:37

Relatedly, If you're planning to submit a bid to buy Cineworld/Regal you have until February 16th. {nm} notfabio Feb 15, 17:39





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