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Regal's Chapter 11 Expected to Dump Two Mil SF on Market

KNOXVILLE, TN--The 11-year-old, locally based theater chain's Oct. 11 filing for protection from creditors in Nashville will leave the nation's largest movie exhibitor with 325 theaters and 3,700 screens, down from 4,361 screens at 396 locations in 32 states Regal Cinemas Inc. had once operated.

By Alex Finkelstein | Updated on October 12, 2001

KNOXVILLE, TN-It’s almost business as usual today for 11-year-old Regal Cinemas Inc., the nation’s largest movie exhibitor now reorganizing under Chapter 11 of the U.S. Bankruptcy Code.

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.

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