showed that the original chain was neglected with mediocre food, high menu prices and below normal service. In early November 1998, Barish resigned as board chairman while retaining his board director post and filing to sell some of his company's stock. Earl replaced him as chairman. Barish was replaced by William Baumhauer as president. The franchise in Cape Town, South Africa, had a bomb attack in August 1998. $244 million in losses were recorded in 1998. The first Marvel Mania opened in January 1998 near Universal Studios Hollywood. With MTV Networks, Planet Hollywood opened its first Sound Republic in London in mid-1998. In July 1999, the company started its Planet Movies by AMC. In August 1998, the first Cool Planet Cafe opened in Santa Monica, California. In March 1999, Barish resigned as board director and sold shares that week. At a May, 1999, shareholder's annual meeting, the company indicated that a delayed-payment agreement was in negotiation and that they were renovating some and are considering closing other outlets. Causing little change on the company's net profit/loss line, Baumhauer resigned in June, 1999, with the company having $359 million in debt on the books to return to his previous employer, Unique Casual Restaurants. By July, 1999, Planet Hollywood had sold its Orlando HQ for cash and leased it back for 15 years. On October 12, 1999, the company filed for Chapter 11 bankruptcy in an attempt to reorganize. They closed or sold poorly performing Planet Hollywood restaurants and Official All Star Cafes. It moved to focus to its original theme concept, stopping operation of Planet Movies by AMC and sold its Sound Republic units. Schwarzenegger severed his financial ties with the business in January, 2000. Planet Hollywood exited Chapter 11 bankruptcy on May 9, 2000, with the approval of its reorganization plan. New celebrities were sought out for their restaurants while renewing relationships with early recruits. The plan included capital and debt restructuring including a cash infusion plus new products and improvements to decor and the menu. Planet's first website was launched with entertainment news and chat rooms. Earl, Prince Al-Waleed bin Talal and Ong Beng Seng had led restructuring plan which left the company with 35 locations, 25 of which were franchised. Barred due to its bankruptcy, Planet Hollywood International had relisted in May 2000 on the NASDAQ. In September, 2000, the Official All Star Cafe in Times Square was