Fri
Aug 19 2022
02:32 pm

The owner of Regal Cinemas is having a tough time — its stock crashed as much as 80% Friday after reports that its parent company is preparing to file for bankruptcy.

The world's second biggest movie theater chain is in trouble

bizgrrl's picture

They certainly purchased

They certainly purchased Regal Cinema at the wrong time. They should have bought Netflix.

michael kaplan's picture

So, what happens now to the

So, what happens now to the city's investment in the Riviera and the office building?

R. Neal's picture

I don't really know, but

I don't really know, but usually creditors get in line. What they get depends on their contract, subordination, and other legal stuff that I don't understand. But private investors are usually at the end of the line. At any rate, Chapter 11 is just a legal way to blow off creditors, eliminate debt, and keep on keeping on.

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