Under the reorganization plan, still to be approved by the Bankruptcy Court, the locally based firm's Oct. 11 filing for protection from creditors in U.S. Bankruptcy Court at Nashville will leave Regal with 325 theaters and 3,700 screens.
Those numbers are down from 4,361 screens at 396 locations Regal operated 18 months ago. Based on Regal's 338 operating locations prior to its Chapter 11 filing, the total leased or owned theater space was an estimated 10 million sf based on an average 30,000 sf per theater, GlobeSt.com research finds.
Regal plans to be out of Chapter 11 by January.
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