Tag Archives: Regal Theaters

Reuters reports: Cineworld Group, the world’s second largest cinema chain operator, is preparing to file for bankruptcy, the Wall Street Journal reported on Friday, just days after warning that a lack of blockbusters would hit its liquidity in the near term. Shares in the London-listed company slumped more than 81% to a record low of 1.8 pence after the WSJ …

Reuters reports: Cineworld, the world’s second-biggest cinema chain, will close its UK and U.S. movie theatres this week, leaving as many as 45,000 workers unemployed, as it fights a coronavirus-related collapse in film releases and cinema-going. The company said the reluctance of studios to go ahead with major releases such as the new James Bond film had left it no …