Daily News | Regal Cinemas will close three Philadelphia area movie theaters after filing for bankruptcy
Regal Cinemas is slated to shutter three movie theaters in the Philadelphia suburbs next month as the company continues a string of bankruptcy-induced closures.
The theaters — Barn Plaza Stadium 14 in Doylestown, Oaks Stadium 24 in Oaks, and Hamilton Commons Stadium 14 in Mays Landing, N.J. — join that will lose their leases on Feb. 15 after Regal’s parent company, Cineworld, filed for Chapter 11 bankruptcy in September.on top of rising rent costs“In total, the Debtors estimate that rejecting the Leases will save their estates approximately $22 million annually,” read Cineworld’sThe closures will also include locations in New York, D.C., and California, where some towns will lose their
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