The Wrap has revealed that while Cineworld’s bankruptcy proceedings continue, its affiliate Regal Cinemas. Regal Cinemas will start turning down leases for the theatres shutting on February 15. With its current debt of $4.8 billion and the closure of cinemas globally in 2020. The Wrap has revealed that while Cineworld’s bankruptcy proceedings continue, its affiliate … Read more
As the movie Theatre Company continues to struggle with $5 billion in debt. Cineworld has acknowledged that it is thinking about declaring bankruptcy in the US. The Corporation, which also owns the Picturehouse chain in the UK Although Cineworld has a market value of about $69 million, it is nearly $5 billion in debt. As … Read more
After falling 60% on Friday, Cineworld stock rose today. The company stated that its theatres are still “open for business”. Chapter 11 bankruptcy allows a business to carry on operations while it bargains with its creditors. As the movie theatre company continues to struggle with $5 billion in debt, Cineworld has acknowledged that it is … Read more
