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.

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.

TN Progressive

TN Politics

Knox TN Today

Local TV News

News Sentinel

State News

Local .GOV

Wire Reports

Lost Medicaid Funding

To date, the failure to expand Medicaid/TennCare has cost the State of Tennessee ? in lost federal funding. (Source)

Search and Archives