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The owner of Regal cinemas announced Tuesday that it had emerged from Chapter 11 bankruptcy after slashing billions off its debts, just as smash hits “Barbie” and “Oppenheimer” give the movie theater industry a much-needed lift.
Coming off a strong month thanks to "Barbie" and "Oppenheimer," Regal and its parent company Cineworld are getting a fresh slate.
The home goods retailer, under new ownership, has also reinstated points shoppers earned under its former loyalty program.
The six-screen cinema is set to open in late autumn, nearly seven years after the film screening venue signed a leasing agreement with CWAC.
Cineworld Plc has said it expects to file for administration in the UK, but that its operating companies will continue business as usual without interruption