Warren Announces Sale of Theater to Regal Entertainment GroupMay 19, 2017
The Moore Warren Theatre is one of seven theaters sold by Bill Warren to the Tennessee-based Regal Entertainment Group. Warren confirmed the sale today in an interview with The Wichita Eagle newspaper. The deal is effective immediately.
The sale includes Warren’s theaters in Wichita, Kansas along with theaters in Moore and Broken Arrow. It does not include two new theaters Warren is building in the Oklahoma City area.
Regal is an American-owned company and the country’s second-largest theater chain with more than 7,000 screens at 559 theaters. The company’s headquarters is based in Knoxville, Tennesse. Prior to the sale the only Regal theater in the Oklahoma City metro area was the Regal Cinemas Spotlight 14 at I-35 and Robinson in Norman.
There’s no word yet on the impact the sale of the Moore Warren Theatre will have, but theatre trade magazines have been tracking a growing trend toward a more a more luxurious movie-going experience. In 2013 the AMC Penn Square renovated their 10-screen theater, adding power reclining chairs and new concession options. Texas-based Cinemark Theaters recently began adding “Luxury Loungers” to some of their theaters, though the OKC Cinemark Theater has yet to see those changes.