Page 52 - Cineworld Group News Today

The company is dealing with billions of dollars in debt and lower-than-expected attendance at screenings.

There are three Regal Cinemas locations in Wichita. 

Movie theatre operator Cineworld Group LLC has filed for Chapter 11 bankruptcy protection in the U.S. as it deals with billions of dollars in debt and lower-than-expected attendance at screenings.

Cineworld had built up $4.8 billion in net debt, not including lease liabilities. The company, which has about 28,000 employees, previously said its admissions levels have recently been below expectations.

The British film exhibitor has been struggling with a debt load of about $5 billion, as the pandemic and streaming pummel the box office.

(Reuters) - Britain's Cineworld Group said on Wednesday it had filed for bankruptcy protection in the United States as the world's second-largest cine...

Britain's Cineworld Group said on Wednesday it had filed for bankruptcy protection in the United States as the world's second-largest cinema chain operator struggles to find other ways to restructure its debt-laden balance sheet.

The company expects to exit Chapter 11 status sometime in 2023, but an additional crunch on finances in the fall is expected, which may cause more problems.

The company expects to exit Chapter 11 status sometime in 2023, but an additional crunch on finances in the fall is expected, which may cause more problems.

The company expects to exit Chapter 11 status sometime in 2023, but an additional crunch on finances in the fall is expected, which may cause more problems.