LOUISVILLE, Ky. (WDRB) -- A movie theatre is closing in Southern Indiana, but not for good.

On Monday, Regal New Albany announced its closure on July 26 via its website.

But, Regal New Albany will reopen under new management from a Knoxville, Tennessee-based theatre company, Phoenix Theatres Entertainment.

According to Phil Zacheretti, President and CEO of Phoenix Theatres Entertainment, the theatre in New Albany will reopen Aug. 3. He said the priority right now is just to get the space re-opened for the public.

"(We want to) keep a theatre in New Albany," Zacheretti said.

In the near future, Zacheretti said the theatre hopes to apply for a liquor license and expand the food menu. 

In addition, Zacheretti confirms the current staff and management will stay employed at the theatre. 

In February, Regal Cinemas began the closure of 39 theaters across the country, but spared the New Albany theater at the time.  

Copyright 2023 WDRB Media. All Rights Reserved.