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Cineworld Looks to Walk Away From More US Theater Leases in Texas Bankruptcy Case

Lease Rejections Expected to Save the Firm and Its Affiliates About $5 Million.
Regal Live Oak, a two-story, nearly 105,000-square-foot theater in Live Oak, Texas, a small city about 15 miles northeast of downtown San Antonio, was a key reason Cineworld filed for bankruptcy protection in Texas, a landlord's attorney alleges. (CoStar)
Regal Live Oak, a two-story, nearly 105,000-square-foot theater in Live Oak, Texas, a small city about 15 miles northeast of downtown San Antonio, was a key reason Cineworld filed for bankruptcy protection in Texas, a landlord's attorney alleges. (CoStar)
CoStar News
October 5, 2022 | 6:38 P.M.

Regal Cinemas corporate parent Cineworld Group is asking a court for permission to walk away from more of its theater leases as part of its bankruptcy proceedings in Texas, with at least one landlord upset about the court's precedent of allowing the rental agreements to be canceled retroactively.

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