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The world's second-largest cinema operator said its executive directors agreed to defer their salaries and bonuses and reiterated it was in talks with lenders over its ongoing capital requirements.
Shares dived by two-thirds within minutes of reports by the Wall Street Journal. Cineworld ‘prepares to file for bankruptcy within weeks’ Skip to main content
Cineworld shares surged on the announcement, rising about 10% following the news. "We have an incredible team across Cineworld laser focused on evolving our business to thrive during the comeback ...
Cineworld owns the Regal cinema chain and is the second largest movie theater operator in the world. Its shares are listed in the U.K. VIP+ Survey: Industry Pros Rate Box-Office Recovery.
Debt-laden cinema exhibition giant Cineworld group says that it has reached an agreement with its creditors that could represent a pathway out of Chapter 11 bankruptcy proceedings. Cineworld owns ...
In December 2004, the business was sold to Blackstone Group and joined with Cine-UK to trade as Cineworld. [5] UGC's chain in the UK and Ireland consisted of: UK: 41 cinemas, 391 screens; Ireland: 1 cinema, 17 screens. In July 2005, Cineworld began to phase out the UGC brand, replacing it with its own Cineworld logo. This rebranding was ...
Shares of Cineworld rose Friday after a U.S. Bankruptcy Court judge granted Regal Cinemas’ parent Cineworld immediate access to up to approximately $785 million of a financing facility ...
Britain's Cineworld filed for bankruptcy protection in the United States on Wednesday, as the world's second-largest cinema chain operator struggles to rein in its massive debt. The Chapter 11 ...