The Latest Breaking News from Cineworld

Movie theatre chain fall 31% while rival Cineworld warns of potential bankruptcy filing

The potential bankruptcy of world No.2 cinema operator Cineworld is shining a spotlight on the wider industry as it struggles to recover from the pandemic and compete with the growing popularity of streaming, Reuters reported. Debt-laden Cineworld, which owns the Regal chain in the United States and runs theatres in…

Leading movie theater operator AMC Entertainment (AMC) reported disappointing recent financials. And its near-term prospects look bleak due to production delays and increasing competition from online streaming service providers. Moreover, after gaining significantly over the past three months, this meme stock has declined nearly 26.3% over the past week as…

The world's second-largest cinema chain is struggling under heavy debts

Cineworld Group says it's considering filing for Chapter 11 bankruptcy protection in the U.S. and similar actions elsewhere

The cinema chain is going through struggles with almost $5 billion of debt.

It could come as part of a restructuring of the business which is struggling under heavy debts

The cinema chain operates 127 sites in the UK and employs 28,000 staff globally

Bosses at the world’s second-largest cinema chain said its theatres would continue to trade

Chain, which accumulated £4bn debt in pandemic, says cinemas would stay open and staff be unaffected

UK insolvency now possible -- company declines comment