LOS ANGELES—More than three dozen Regal movie theaters, including a total of three in Los Angeles and Orange counties, will be closing as the chain’s parent company winds its way through bankruptcy. According to court documents filed this week, Cineworld plans to shutter 39 theaters across the country, with closures expected to begin next month….
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U.S. corporate bankruptcy filings rose in August, according to new data from S&P Global Market Intelligence. The S&P Bankruptcy Tracker found that there were 38 filings last month, up from 31 in July. However, despite the increase, there have been just 249 businesses that have filed for bankruptcy this year, which is the lowest…
Cineworld, the World’s Second-Largest Movie Theater Chain, Files for Bankruptcy
September 8, 2022
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Cineworld, the world’s second-largest movie theater chain, filed for bankruptcy protection in the United States on Sept. 7, after facing low audience numbers post-pandemic and massive debts. The United Kingdom-based cinema operator filed for a Chapter 11 filing to allow it time to restructure its debt and maintain operations, which will cover its U.S., U.K.,…
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The world’s second-largest movie chain is considering Chapter 11 bankruptcy. It faces maturities on billions in debt. Fresh concerns about TikTok: its in-app browser can monitor your keystrokes, according to new research. What does TikTok say about it? The cost to raise a child is now topping $300,000, thanks to inflation. An Apple AirTag helps…
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