Back in January, Regal Cinemas has announced plans to close 39 U.S. theaters, including its location at 199 E Montgomery Ave in Rockville, according to a report by Business Insider. Yesterday, PoPville reported that Regal in Rockville be among theaters that will remain open under NewCo (formerly Cineworld).
Regal Rockville opened on November 6, 1998. In January, Business Insider reported that Cineworld, the parent company of Regal that filed for Chapter 11 bankruptcy in 2021, plans to “reject the leases” of the 39 locations starting February 15. The company expected the move to save them close to $22 million a year and “the debtors are hopeful that these negotiations will lead to lease concessions and modifications that will obviate the need for rejection and enable additional theater sites to remain open.” Cineworld, however has confirmed plans to emerge from Chapter 11 cases as NewCo. Additional information in the press release below: