Regal Entertainment Group is the largest motion picture exhibitor in the world, operating more than 6100 screens in 39 states, with corporate offices located in Knoxville, Tennessee.
Although Regal faced several financial difficulties in the late 1990’s and early 2000 they have seen continued growth over the past few years. Current growth strategies even include the addition of a new facility in Downtown Knoxville.
In order to continue expansion, however, it has become clear that some streamlining is in order. Rumors indicate that as many as one positions could be eliminated from the Regal Entertainment Group payroll during the final quarter of 2004. Regal spokesperson, Sara Elder, will not confirm the exact date that the cut will take place but has issued this statement. “We at Regal Entertainment Group are very proud of our dedicated and hard working staff members. However, I would recommend that Bob in accounting update his resume fairly soon.”