![]() “In parallel with developing a plan to restructure the group’s capital structure, the company will also run a marketing process in pursuit of a value-maximizing transaction for the Group’s assets, focused on proposals for the Group as a whole,” the filing continued.įounded in 1997, Cineworld was one of the largest theater groups in Europe, having gone public on the London Stock Exchange 2007 before its Regal acquisition made it one of the largest companies of its kind globally. 3 investor update from Cineworld said “neither it nor its advisers have participated in discussions” with AMC on a sale.īut the London-based Cineworld Group isn’t opposed to any opportunities to sell parts of the company, it would seem. Subway: L, N, Q, R, W, 4, 5, 6 to 14th Street - Union Square Screens 14. to “improve” lease terms.ĪMC Entertainment Holdings was reportedly in talks to buy the bankrupt Cineworld last year, but AMC said negotiations ended in December, and a Jan. ![]() 7, 2022, obtaining $1.94 billion in debtor-in-possession financing to keep operations running while urging landlords in the U.S. It will be the second iconic Regal movie theater to shutter in the city recently after Regal suddenly closed Regal UA Court Street in Downtown Brooklyn last year after a nearly two-decade run, blaming a rent increase from its landlord.Ĭineworld began considering bankruptcy in August 2022, claiming it had not succeeded in recovering pre-pandemic attendance after theaters in many areas nationwide were required to close due to the health crisis. 628 19 movies playing at this theater today, April 30 Sort by Agent (2023) 156 min - Action Thriller User Rating: 4. Cineworld took over the Manhattan theater in 2017 when it acquired Regal. Regal Union Square ScreenX & 4DX Hearing Devices Available Wheelchair Accessible 850 Broadway, New York NY 10003 (844) 462-7342 ext. Regal Union Square, on the corner of East 13th Street and Broadway, opened in 1998 by United Artists and was later taken over by Regal Entertainment Group, according to EV Grieve. The sleek interiors in black and grey with comfortable stadium seating also account for the huge crowd this place draws. The filing, however, has a lease “rejection date” of Feb. This multiplex boasts of 14 wall-to-wall screens with hi-tech picture and sound quality. SEE ALSO: ’s Park Avenue South Office Leans Into WhimsyĬineworld did not immediately respond to a request for comment, so it is unclear when these locations will run their final reel.
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