Cineworld 'preparing to file for bankruptcy' following pandemic hit to audiences

Cineworld, the world’s second-largest cinema chain, had warned recently that the lack of big-budget movies was having a detrimental impact on admissions

CINEMA chain Cineworld is preparing to file for bankruptcy after struggling to rebuild audiences post-pandemic, reports say.

The Wall Street Journal reports that the chain, which also operates Regal Cinemas in the United States, is in talks with lawyers from Kirkland & Ellis LLP and consultants from AlixPartners.