Business & Tech
MA Regal Cinema To Close As Part Of Bankruptcy
The theater will be among 39 across the country set to close next month.
BOSTON, MA — A historic Boston movie theater is among 39 Regal Theaters set to close, according to a court filing from Cineworld. Regal Fenway located at 201 Brookline Ave. is scheduled to close next month.
The Concord 10 theater in Concord, NH is also among those theaters set to close.
Cineworld Group, Regal Cinemas' parent company, will be rejecting leases at 39 theaters effective Feb. 15.
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The closings are part of a bankruptcy filing by Cineworld. The closings will save the company $22 million a year while it continues to work with landlords to preserve other theaters, according to Business Insider.
Cineworld's bankruptcy filing comes as the movie business struggles to bounce back from the pandemic. Regal theaters, the nation's second-largest chain, has suffered a significant downturn in box office sales.
Find out what's happening in Bostonfor free with the latest updates from Patch.
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