North Carolina Movie Theater Among 39 Regal Cinemas Shutting Down
Regal Cinemas is closing down over three dozen movie theaters across the country, including one right here in North Carolina. The decision to close...
Regal Cinemas is closing down over three dozen movie theaters across the country, including one right here in North Carolina. The decision to close 39 of its movie theaters, affecting moviegoers in 20 U.S. states and Washington, D.C., comes after Regal Cinema's parent company Cineworld filed for bankruptcy, per Variety. Despite a big few years for popular movies and franchises — like Spider-Man: No Way Home, Top Gun: Maverick and Avatar: The Way of Water — the domestic box office declined significantly throughout the pandemic while rent per theater soared about 30% from 2019 to 2022, according to a bankruptcy filing.