Regal Barn Plaza In Doylestown Slated For Closure: Reports

DOYLESTOWN, PA — The Regal Barn Plaza movie theater in Doylestown Township will be closing its doors, according to published reports.

Business Insider is reporting that Cineworld Group, the parent company of Regal Cinemas, will be rejecting leases at 39 theaters effective Feb. 15, including at its 14 screen theater on Easton Road, which it leases from the Brixmor Property Group.

Also on the closing list is the Oaks Stadium 24 in neighboring Montgomery County.

The closings are part of a bankruptcy filing by Cineworld, which told the court on Tuesday that the closings would save the company $22 million a year while it continues to work with landlords to preserve other theaters, according to Business Insider.

The Regal Theatre at Warrington Crossing and the Regal UA at Oxford Valley are not on the list of closures.

The movie theatre industry continues to struggle in the aftermath of the pandemic, which saw a shift by Hollywood studios to streaming and VOD releases.

Cineworld, which operates more than 9,000 screens across 10 countries and employs around 28,000 people, declared bankruptcy in September citing a difficult economic environment for movie theaters brought on by the pandemic, as well as high debt stemming from its $3.6 billion purchase of Regal just prior to the pandemic.