Second Largest Movie Theater Chain Cineworld Files For Chapter 11 Bankruptcy
The world’s second-largest movie theater chain behind AMC Entertainment Holdings Inc (NYSE: AMC ), Cineworld Group PLC (OTC: CNNWF ), filed for bankruptcy, Wall Street Journal reported . The owner of Regal Cinemas, Cineworld, operates 747 theaters worldwide and acquired the Regal chain in 2018 for $3.6 billion. Although movie-theater attendance has recovered as COVID-19 fears phase out, ticket sales still lag behind their pre-pandemic levels. Theaters are also hit … Full story available on Benzinga.com
Second Largest Movie Theater Chain Cineworld Files For Chapter 11 Bankruptcy
The world’s second-largest movie theater chain behind AMC Entertainment Holdings Inc (NYSE: AMC ), Cineworld Group PLC (OTC: CNNWF ), filed for bankruptcy, Wall Street Journal reported . The owner of Regal Cinemas, Cineworld, operates 747 theaters worldwide and acquired the Regal chain in 2018 for $3.6 billion. Although movie-theater attendance has recovered as COVID-19 fears phase out, ticket sales still lag behind their pre-pandemic levels. Theaters are also hit … Full story available on Benzinga.com