(Salt Lake Tribune) Four Utah movie theaters, all part of the locally owned Red Carpet Cinemas chain, have closed for business.
The theaters -- the 5 Star Cinemas in Magna, the six-screen Showcase Cinemas in Taylorsville, the Gateway 8 in Bountiful, and the Spanish 8 in Spanish Fork -- had a combined 27 screens, playing first-run and discount movies.
Red Carpet's company, JL Theatres Corp., recently defaulted on a bank loan. The bank sold JL's assets to M3B Partners LLC, a group of investors with Utah ties.