Regal enters into long-term lease agreement for Regal L.A. LIVE theatre
| Regal announced today that the company has entered into a long-term lease agreement with AEG at L.A. LIVE, the downtown Los Angeles sports and entertainment district, to continue operating the 14-screen Regal L.A. LIVE theatre which has been operated by Regal since 2009. The initial management agreement for the location officially ended with the start of the lease agreement as of Thursday, February 2, 2023. |
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| “Since Regal L.A. LIVE’s 2009 opening, we have proudly managed this state-of-the-art theatre,” said Mooky Greidinger, CEO of Cineworld, parent company of Regal. “In collaboration with our partners at AEG, we are excited to continue this relationship by entering into this long-term lease agreement, which will continue to welcome moviegoers to this premier entertainment destination for many years to come.” “L.A. LIVE is the popular and one-of-a-kind destination in downtown Los Angeles that attracts guests of all ages looking for a single location offering multiple venues that cater to every entertainment interest,” said Richard Gutierrez, Senior Director of Business Operations at AEG. “The new agreement between AEG and Regal cements our shared commitment to L.A. LIVE’s long-term success by providing a state-of-the-art theatre for moviegoers all across the area.” Los Angeles area residents can continue to visit this location, which has provided guests the best place to watch a movie with the most innovative presentations, including a 4DX auditorium featuring motion seats and special effects including wind, fog, mist/rain, scents and more that perfectly syncs to the on-screen action. Regal L.A. LIVE also features ICE IMMERSIVE where guests can experience movies in a theater specially equipped with LED panels on the side walls, luxury seats, superior Dolby Atmos® Sound and BARCO RGB laser projection systems. Regal L.A. LIVE is also the home of the biggest movie experience in Los Angeles with the Premiere Cinema featuring stadium seating for more than 774 guests. Regal is also proud to offer Regal Unlimited at L.A. LIVE. Regal Unlimited allows subscribers to see as many movies as they want, whenever and wherever they want. The Regal Unlimited subscription pass is exclusively available on the Regal mobile app where moviegoers can choose from three different plans based on theatre location. There are no blackout dates and subscribers can purchase advance tickets as soon as they go on sale. Subscribers also receive a 10% discount on all food and non-alcoholic drink purchases along with automatic membership to the Regal Crown Club. |
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