
Regal Cinemas’ Post-Bankruptcy Plan Revealed By CEO

Eduardo Acuna, CEO of Regal Cinemas owner Cineworld Group, says his movie theater chain is well-positioned for post-pandemic and post-bankruptcy growth amid Hollywood’s box office recovery.
“I think it’s a very pivotal moment in our history,” Acuna told The Hollywood Reporter in an interview on Wednesday via Zoom while seated in a giant 4Dx auditorium opening at Regal Times Square in New York City, in time for Dune: Part Two to debut on his screens this weekend.
He pointed to the trio of shocks the Cineworld Group sustained due to theater shutdowns during the pandemic, entering and then exiting Chapter 11 bankruptcy protection in the U.S. and more recently the impact of the dual strikes on its supply of tentpole movies from key studio suppliers.
“It shows how much we believe in this industry,” Acuna said of investing in South Korean theater chain Cj Cgv’s 4Dx technology after Cineworld gained new owners,...
“I think it’s a very pivotal moment in our history,” Acuna told The Hollywood Reporter in an interview on Wednesday via Zoom while seated in a giant 4Dx auditorium opening at Regal Times Square in New York City, in time for Dune: Part Two to debut on his screens this weekend.
He pointed to the trio of shocks the Cineworld Group sustained due to theater shutdowns during the pandemic, entering and then exiting Chapter 11 bankruptcy protection in the U.S. and more recently the impact of the dual strikes on its supply of tentpole movies from key studio suppliers.
“It shows how much we believe in this industry,” Acuna said of investing in South Korean theater chain Cj Cgv’s 4Dx technology after Cineworld gained new owners,...
- 2/28/2024
- by Etan Vlessing
- The Hollywood Reporter - Movie News
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