Regal, which has been hit hard by theater closings, announced today that it has leased with Onni Group to operate the former ArcLight Theater at The Paseo in Pasadena.
The 14 screen theater closed in March 2020 due to Covid and never returned. Regal will soon announce details, including promotional offers and an official opening date for Regal Paseo.
The Paseo shopping and dining development “has long been the entertainment destination for Pasadena; As of 2020, however, it was missing a key element, a modern theater,” says Mooky Greidinger, CEO of Cineworld, Regal’s parent company, which is currently trying to emerge from bankruptcy. “Working with our new partners at Onni Group, we are proud to be the new operators of Regal Paseo, with exciting upgrades to the theater experience coming to this destination.”
Regal operates 6,215 screens in 457 theaters across the United States. Parent company Cineworld filed for Chapter 11 in the Southern District of Texas last fall and has gone through the process, including closing some theaters and renegotiating leases for others. About 50 locations have been closed since the bankruptcy. The case will have a court hearing on May 26 to approve a reorganization plan presented last week.
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Source: Deadline
Bernice Bonaparte is an author and entertainment journalist who writes for The Fashion Vibes. With a passion for pop culture and a talent for staying up-to-date on the latest entertainment news, Bernice has become a trusted source for information on the entertainment industry.
