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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.
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 ...
After reports last week saying that debt-laden exhibition giant Cineworld was considering bankruptcy, the group has issued a statement revealing a possible Chapter 11 filing in the U.S.
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
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 ...
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 ...
The on-air announcement of CHML's closure cited "years of financial loss" and "the shift of advertising revenues to unregulated foreign platforms". [ 78 ] [ 79 ] [ 80 ] On July 17, Corus-owned Nelvana suspended its development of new projects through the end of 2024, after the departure of its vice president Athena Georgaklis.
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