Regal Cinemas parent company plans to file for bankruptcy protection, per report [View all]

The parent company of Regal Cinemas is preparing to file for bankruptcy amid consumers' slow return to movie theaters, according to a report from the Wall Street Journal.

With its U.S. headquarters in Knoxville, Regal is one of East Tennessee's most prominent national brands.

The company said in a statement Friday that all Cineworld and Regal theaters are open for business as usual.

Regal closed its theaters across the country and furloughed 40,000 employees for months when the COVID-19 pandemic hit.

Like for all movie theater chains, attendance was slow to bounce back once theaters reopened, and the seemingly endless array of streaming options remain stiff competition.

https://www.knoxnews.com/story/money/2022/08/19/regal-cinemas-parent-company-cineworld-file-bankruptcy/7841613001/

I know we haven't been to a movie theater in over a year. We used to go every couple of months.