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The Independent UK
The Independent UK
National
Via AP news wire

Cineworld theater chain confirms it's considering bankruptcy

Cineworld
Copyright 2020 The Associated Press. All rights reserved

Cineworld Group PLC, one of the world's largest movie theater chains, said Monday that it is considering filing for Chapter 11 bankruptcy protection in the U.S. and similar actions elsewhere.

The British company, which owns Regal Cinemas in the United States and operates in 10 countries, said bankruptcy is one option it is weighing to help preserve a business that has struggled to rebound from the impact of COVID-19 restrictions.

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