By Jordan Valinsky | CNN
Regal Cinemas is closing 39 more movie theaters across the United States.
The decision comes four months after its parent company Cineworld filed for Chapter 11 bankruptcy after the pandemic devastated the industry and public screenings.
In a filing this week, Cineworld said it is planning to reject leases for the 39 theaters beginning February 15, saving the company $22 million annually.
Cineworld is working with landlords to keep its other theaters open. Around 500 remain, after these closures and a previous round in September 2022 that shuttered 12 locations.
“The debtors are hopeful that these negotiations will lead to lease concessions and modifications that