Regal Raises $250 Million To Upgrade Theaters
Knoxville, Tenn.-based Regal, said it’s completed a $250 million capital raise to improve and digitally enhance its theaters as the box office rebounds. Construction has started with over 30 locations to be completed in 2025. The upbeat news comes as Regal’s parent Cineworld, which emerged from bankruptcy last summer, is facing the tough decision of selling theaters in its UK...
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