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BUSINESS
August 14, 2003 | From Reuters
Moviegoers in wheelchairs are entitled to comparable views to those of able-bodied patrons in theaters with stadium seating, a federal appeals court in California ruled. The Ninth Circuit Court of Appeals found that Regal Cinemas Inc. failed to comply with the Americans With Disabilities Act by forcing patrons in wheelchairs to sit in the front rows of new theaters with "stadium riser" seating.
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BUSINESS
August 14, 2003 | From Reuters
Moviegoers in wheelchairs are entitled to comparable views to those of able-bodied patrons in theaters with stadium seating, a federal appeals court in California ruled. The Ninth Circuit Court of Appeals found that Regal Cinemas Inc. failed to comply with the Americans With Disabilities Act by forcing patrons in wheelchairs to sit in the front rows of new theaters with "stadium riser" seating.
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BUSINESS
February 5, 1996 | Times Staff and Wire Reports
Regal Cinemas to Buy Krikorian Theaters: Regal Cinemas Inc. agreed to buy eight theaters, with 69 screens, in Southern California from Krikorian Premiere Theatres Inc. of Redondo Beach for about $14.1 million plus an estimated 486,000 Regal common shares, though the number of shares could be adjusted. The Knoxville, Tenn.-based movie theater chain operator also agreed to buy 10 theaters, with 68 screens, from Georgia State Theatres Inc. of Atlanta for an estimated 922,000 shares, or about $26.
BUSINESS
February 20, 2002 | Bloomberg News
Regal Cinemas Inc., the largest movie theater chain, will pay big-screen film-projection systems maker Imax Corp. $6.5 million to settle unpaid leases and keep six U.S. theaters that use the screens from shutting down. Closely held Regal, which won court approval for its bankruptcy restructuring plan last month, owed Imax money for system rental and penalties related to canceling orders, Imax Co-Chief Executive Rich Gelfond said. The settlement is subject to court approval, Imax said.
BUSINESS
September 7, 2001 | Bloomberg News
Regal Cinemas Inc., the biggest U.S. movie theater chain, said it will file for Chapter 11 bankruptcy protection within six weeks and has asked creditors to endorse a recovery plan in advance of the filing. Denver billionaire Philip Anschutz and Los Angeles-based investment fund Oaktree Capital Management bought a large stake in Regal's bank debt earlier this year.
BUSINESS
October 13, 2001 | Bloomberg News
Regal Cinemas Inc. filed for bankruptcy protection and said 95% of its creditors agreed to back a recovery plan for the nation's largest movie theater chain. The plan would allow Denver billionaire Philip Anschutz's Anschutz Corp. and Los Angeles-based Oaktree Capital Management to take control of the company, which owns 338 theaters with 3,898 screens. Anschutz and Oaktree hold 82% of Regal's bank debt and 93% of its bonds, according to a Regal spokeswoman. Knoxville, Tenn.
BUSINESS
December 8, 2001 | Bloomberg News
Regal Cinemas Inc. won a judge's approval of a bankruptcy recovery plan that clears the way for a takeover of the biggest movie theater chain by investors led by Denver billionaire Philip Anschutz. The plan lets a group led by Anschutz Corp. and Los Angeles-based Oaktree Capital Management take control of the owner of 338 theaters with 3,898 screens. Anschutz and Oaktree together hold 82% of Regal's bank debt and 93% of its bonds.
BUSINESS
February 20, 2002 | Bloomberg News
Regal Cinemas Inc., the largest movie theater chain, will pay big-screen film-projection systems maker Imax Corp. $6.5 million to settle unpaid leases and keep six U.S. theaters that use the screens from shutting down. Closely held Regal, which won court approval for its bankruptcy restructuring plan last month, owed Imax money for system rental and penalties related to canceling orders, Imax Co-Chief Executive Rich Gelfond said. The settlement is subject to court approval, Imax said.
BUSINESS
January 17, 1998
* Kohlberg Kravis Roberts & Co. is in talks to buy Regal Cinemas Inc. for more than $1 billion, people familiar with the situation said. It would be Kohlberg's second acquisition in two months. * Jefferies & Co., the Los Angeles-based investment bank, agreed to pay $4.3 million to LotsOff Corp. to settle a lawsuit over what the San Antonio-based discount store chain claimed was an illegal transfer of funds.
BUSINESS
February 15, 2001 | From Bloomberg
Regal Cinemas Inc. is considering closing as much as 30% of its theaters, as the largest U.S. cinema chain jettisons money-losing locations in a struggle to repay almost $2 billion of debt. The chain, owned by buyout firms Hicks Muse Tate & Furst Inc. and Kohlberg Kravis Roberts & Co., already has shut 61, or 14%, of its theaters, said Dick Westerling, a spokesman for Knoxville, Tenn.-based Regal, and could close 26 to 69 more.
BUSINESS
January 31, 2002 | From Bloomberg News
Regal Cinemas Inc., the biggest movie theater chain, completed its Chapter 11 reorganization and emerged from bankruptcy under the ownership of an investors' group led by Denver billionaire Philip Anschutz. In October, Regal became the eighth major U.S. theater operator to file for protection from creditors in the last two years. U.S. Bankruptcy Judge Marian F. Harrison in Nashville approved the company's recovery plan, which was supported by 95% of Regal's creditors.
BUSINESS
December 8, 2001 | Bloomberg News
Regal Cinemas Inc. won a judge's approval of a bankruptcy recovery plan that clears the way for a takeover of the biggest movie theater chain by investors led by Denver billionaire Philip Anschutz. The plan lets a group led by Anschutz Corp. and Los Angeles-based Oaktree Capital Management take control of the owner of 338 theaters with 3,898 screens. Anschutz and Oaktree together hold 82% of Regal's bank debt and 93% of its bonds.
BUSINESS
October 13, 2001 | Bloomberg News
Regal Cinemas Inc. filed for bankruptcy protection and said 95% of its creditors agreed to back a recovery plan for the nation's largest movie theater chain. The plan would allow Denver billionaire Philip Anschutz's Anschutz Corp. and Los Angeles-based Oaktree Capital Management to take control of the company, which owns 338 theaters with 3,898 screens. Anschutz and Oaktree hold 82% of Regal's bank debt and 93% of its bonds, according to a Regal spokeswoman. Knoxville, Tenn.
BUSINESS
September 7, 2001 | Bloomberg News
Regal Cinemas Inc., the biggest U.S. movie theater chain, said it will file for Chapter 11 bankruptcy protection within six weeks and has asked creditors to endorse a recovery plan in advance of the filing. Denver billionaire Philip Anschutz and Los Angeles-based investment fund Oaktree Capital Management bought a large stake in Regal's bank debt earlier this year.
BUSINESS
February 15, 2001 | From Bloomberg
Regal Cinemas Inc. is considering closing as much as 30% of its theaters, as the largest U.S. cinema chain jettisons money-losing locations in a struggle to repay almost $2 billion of debt. The chain, owned by buyout firms Hicks Muse Tate & Furst Inc. and Kohlberg Kravis Roberts & Co., already has shut 61, or 14%, of its theaters, said Dick Westerling, a spokesman for Knoxville, Tenn.-based Regal, and could close 26 to 69 more.
BUSINESS
January 11, 2001 | SALLIE HOFMEISTER and CLAUDIA ELLER, TIMES STAFF WRITERS
Denver billionaire investor Philip Anschutz, owner of the Los Angeles Kings and Staples Center, is poised to become the largest operator of movie screens in the United States as he continues to mine assets in the beleaguered exhibition business. Knoxville, Tenn.-based Regal Cinemas, the nation's largest theater circuit, confirmed Wednesday that Anschutz and Los Angeles investment fund Oaktree Capital Management had acquired a large portion of its bank debt.
BUSINESS
January 31, 2002 | From Bloomberg News
Regal Cinemas Inc., the biggest movie theater chain, completed its Chapter 11 reorganization and emerged from bankruptcy under the ownership of an investors' group led by Denver billionaire Philip Anschutz. In October, Regal became the eighth major U.S. theater operator to file for protection from creditors in the last two years. U.S. Bankruptcy Judge Marian F. Harrison in Nashville approved the company's recovery plan, which was supported by 95% of Regal's creditors.
BUSINESS
October 5, 2000 | From Bloomberg News
Hicks Muse Tate & Furst Inc. and Kohlberg Kravis Roberts Inc. are discussing whether to cut their losses on a $1-billion bet on Regal Cinemas Inc. or up the ante by buying the theater chain's troubled rivals. With Regal bonds selling for 12 cents on the dollar and lenders pushing to get repaid, Hicks Muse co-founder Thomas Hicks said the two buyout firms, among the world's biggest, have deep enough pockets to help revive the business.
BUSINESS
October 5, 2000 | From Bloomberg News
Hicks Muse Tate & Furst Inc. and Kohlberg Kravis Roberts Inc. are discussing whether to cut their losses on a $1-billion bet on Regal Cinemas Inc. or up the ante by buying the theater chain's troubled rivals. With Regal bonds selling for 12 cents on the dollar and lenders pushing to get repaid, Hicks Muse co-founder Thomas Hicks said the two buyout firms, among the world's biggest, have deep enough pockets to help revive the business.
CALIFORNIA | LOCAL
May 20, 1998
The Los Angeles City Council on Tuesday approved a financial agreement that paves the way for a 14-screen movie theater to be built in downtown San Pedro. It will be the first new theater built in the 15th District--which ranges from Watts to the Port of Los Angeles--in more than 30 years. The City Council voted to give Tennessee-based Regal Cinema $3.
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