In addition to the seven-screen theater on Camino Ruiz, theNewport Beach-basedchain—one of the largest in SouthernCalifornia—closed a theater in theOrange County city of Stanton andtwo more in the Inland Empire. Edwards says its other SanDiego-area complexes will remain open.
The closed theaters screened their last picture show the nightof Aug. 22, asEdwards filed for Chapter 11 reorganization in USBankruptcy Court inSanta Ana. The chain now operates 70 theaters inCalifornia, Texas andIdaho and will continue to operate itsremaining properties during thereorganization.
In a statement, the company says it made "significant progress"inrestructuring its debt and operations on its own, but ultimatelyneededto file for bankruptcy protection to complete the job.
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