These chains retain their exterior signage, but most indoor branding (popcorn bags, policy trailers) uses the Regal Entertainment Group name and logo.
On December 5, 2017, it was announced that the British theater chain Cineworld would acquire Regal for $3.6 billion,[5] making it the second largest global cinema exhibitor behind AMC Theatres.
Many of these contained a "premium" café (later called Cafe Del Moro) and a more upscale look than typical theaters of the time.
[8][9] Regal Cinemas embarked on a large-scale expansion throughout the decade, acquiring smaller chains as well as building new, more modern multiplexes.
[13] United Artists Theatres (established in 1924) has its roots in the movie studio of the same name founded by Douglas Fairbanks, Mary Pickford, Charlie Chaplin, and D. W. Griffith, but legally has always been separate from it.
Thereafter, it was relocated to Englewood, CO.[citation needed] UA was an early pioneer in cable television, and aggressively bought smaller regional systems.
Then on February 19, 1992, TCI sold the theatre chain in a leveraged buyout led by Merrill Lynch Capital Partners Inc and UA management.
[16] His son, W. James Edwards III, became president and announced an ambitious expansion plan that would nearly double the company's screen count.
It took over the US assets of Hoyts Cinemas in March 2003[20][21] and announced the acquisition of San Ramon, California–based Signature Theatres in April 2004.
Consolidated's concentrations of theatres in the Mid-Atlantic states of Maryland, Virginia, Tennessee, Georgia and North and South Carolina overlapped in some places with Regal's.
As of a condition of approval of the merger, the United States Department of Justice required that Regal divest itself of several theaters in areas where it would have a monopoly.
[29] In June 2011, after posting a loss for the first quarter, Regal began downsizing its theater workforce by removing managers from projection and replacing them with lower paid floor staff.
These locations feature a full bar and made-from-scratch restaurant menu, allowing patrons to order before/during a movie and have the food delivered directly to their seats.
[33][34] In January 2016, Regal was issued a temporary injunction by a district court in the state of Texas following complaints by the Houston-based cinema chain iPic Entertainment, which found that Regal had colluded with 20th Century Fox, Sony, and Universal by threatening boycotts of their releases if they did not refuse clearance of their films to smaller cinema chain locations (such as iPic).
[37] On December 5, it was officially announced that Cineworld would buy Regal for $3.6 billion, forming the world's second-largest cinema group.
In recognition of the company's Knoxville heritage, Regal adopted orange as a corporate color in reference to the Tennessee Volunteers.
[39] On January 7, 2020, in alignment with existing agreements with Cineworld, it was announced that PepsiCo would replace The Coca-Cola Company as the exclusive supplier of non-alcoholic beverages to all Regal cinemas, notably breaking a monopoly held by Coke among the top three cinema chains in the United States, which also includes AMC Theatres and Cinemark Theatres.
CEO Mooky Greidinger specifically cited that the continued reluctance of New York to allow cinemas to open was the main factor, as well as the lack of tentpole Hollywood films due to the high cost of operating a cinema without new releases (describing the delay of the James Bond film No Time to Die from November to April 2021 as being the "last straw").
Mooky argued that the studios were holding off on new releases until New York cinemas reopen (accusing Governor Andrew Cuomo of being inflexible, despite having allowed other forms of indoor businesses to resume operations), and that the company only planned to reopen its cinemas once it is confident there is a "clear" and "solid" lineup of new releases.
[52][53][54] In January 2023, however, it was announced that the theater would close on February 15 unless the lease was renegotiated, but it continued to operate after the date had passed.
[60] In August 2022, the Wall Street Journal reported that Cineworld would file for bankruptcy after struggling to rebuild attendance and incurring debts of more than $4.8 billion amid the pandemic.
[65] Cineworld was denied an appeal by the Ontario Superior Court of Justice, which had ruled in favor of Cineplex in the associated legal dispute.