regal union square
The Regal Cinemas location in Union Square is set to close.
  • Cineworld is looking to sell its remaining US-based Regal locations, it said in a filing this week.
  • The company has reached out to 30 potential buyers, including many competitors.
  • Locations that have already been closed will not be part of the sale, a Cineworld lawyer told Insider.

If you're worried about your local Regal theater closing, there might be hope.

Cineworld, the owner of Regal Cinemas, said in a court filing on Monday that it has launched a process to "locate a strategic or financial buyer of their assets." Those assets include US-based Regal theater locations.