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Regal Cinemas parent looks at Chapter 11 filing

LONDON Conditions are dimming at many movie theaters around the world. ....

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Terranova Wins Suit Against Regal Cinemas Over $807K In Rent

Terranova founder Stephen Bittel and Cineworld CEO Mooky Greidinger with Shadowood Square (Getty, Google Maps, Terranova, iStock)
Regal Cinemas must pay $807,118 for unpaid rent at Terranova Corp.’s Shadowood Square retail complex near Boca Raton, a judge ruled.
Palm Beach County Circuit Judge G. Joseph Curley ordered Regal Cinemas to pay its April rent of $79,129 by Monday, and $807,118 of back rent for previous months by April 23.
Knoxville, Tennessee-based Regal Cinemas, through affiliate R.C. Cobb, leases 44,845 square feet at the shopping plaza at 9789 Glades Road. The movie theater conglomerate, a subsidiary of London-based Cineworld, has remained closed nationwide since October. Regal Cinemas said it will reopen 500 branches on Friday, CNBC reported. ....

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