Chain filed for bankruptcy last year, announced plans to shutter 39 locations across the United States
The curtain will not fall on Escondido’s only multi-screen movie theater, despite an announcement in January that it would be among about 40 Regal Cinemas locations to close nationwide.
“We are thankful that Regal Cinemas heard the community through our letters of support and decided to work with property owners to maintain the theater in the city of Escondido,” said City Manager Sean McGlynn.The owners negotiated with the bankruptcy court and the cinema chain to revise rental terms, the release states.
Theaters across the country suffered a huge slump with the beginning of the COVID-19 pandemic in 2020, when mass gatherings were prohibited to stop the spread of the virus. Box office revenue remains down from pre-pandemic years, according to many reports, although summer is typically the strongest season for movies.
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