Regal Filing Bankruptcy Here S What It All Means
More to come, but for now here’s some implications to consider: Regal Cinemas will continue to operate. This is not the same as the more draconian bankruptcy action taken last year by Pacific Theaters, which also owned Arclight Cinemas: That meant it was out of business. This is the more traditional form of reorganization, in which the operators hope to readjust their financial obligations — debt (including film rentals), leases, contracts, and other — with the goal of staying in business....