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Cineworld: Shares rise as cinema chain secures $785m after filing for bankruptcy

CINEWORLD has secured $785m from existing lenders after the company filed for bankruptcy in the United States earlier this week.

The National (Scotland)

Regal Cinemas owner files for Chapter 11 bankruptcy amid box office drought

Cineworld Group, the world's second-largest movie theater operator and owner of Regal Cinemas, has filed for Chapter 11 bankruptcy protection from creditors amid a severe box office downturn.

Los Angeles Times

Movie chain Cineworld files for Chapter 11 bankruptcy

Movie theater operator Cineworld Group has filed for Chapter 11 bankruptcy protection in the U.S. as it deals with billions of dollars in debt and lower-than-expected attendance at screenings

The Independent UK

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Cineworld files for Chapter 11 bankruptcy in the US

Cinema giant aims to emerge from bankruptcy in the first quarter of next year

Wales Online

Cineworld chain files for bankruptcy in the United States

The UK business includes 127 cinemas nationwide

Evening Standard

National Cinema Day: Scottish cinemas offering tickets for £3 for one day - including Cineworld, Odeon and Vue

National Cinema Day 2022 will see prices slashed for top films in a number of theatres across the country.

Daily Record

National Cinema Day: how to buy £3 tickets at UK cinemas including Vue, Odeon and Cineworld

To celebrate National Cinema Day, cinemas across the UK are selling tickets for £3.

Evening Standard

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Top movies for fall 2022, including the much awaited ‘Wakanda Forever’

Right now there’s enough debt, toil and trouble afoot to upend the film and streaming industries twice over. Cineworld, owner of the nation’s number two multiplex chain Regal, flirts with bankruptcy amid its nearly $5 billion debt load. Warner Bros. Discovery has taken to cutting its perceived staff and programming…

Chicago Tribune

Bristol cinemas where tickets cost just £3 this Saturday

National Cinema Day is on Saturday, September 3

Bristol Post

How to get £3 cinema tickets this Saturday for National Cinema Day

Over the last 10 years, cinema tickets have continued to rise in price, making their affordability questionable for families looking for a day out. Thanks to certain chains, prices are as low as £3 on National Cinema Day

Daily Mirror

Tickets available from just £3 at hundreds of cinemas in Wales this weekend

Cineworld, Odeon, Picturehouse and Vue are among the chains involved as part of National Cinema Day

Wales Online

Where you can see a movie for £3 on Saturday - including Vue and Cineworld

Hundreds of cinemas are taking part in National Cinema Day on Saturday

Wales Online

3 Undervalued REITs That Could Turn Around Soon

Between inflation worries and recession signals, the stock market is currently acting volatile. Some analysts, like Katie Stockton of Fairlead Strategies, have recently noted that stocks are in the beginning stage of a bear market cycle.

Benzinga

Cinemas across Dublin offering €4 tickets this weekend for National Cinema Day

National Cinema Day takes place on Saturday, September 3 and cinemas across the capital will be celebrating with a special deal for movie lovers

Dublin Live

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Glasgow Live

Major Glasgow cinemas to offer £3 tickets to everyone for National Cinema Day

Eight cinemas across the city of Glasgow will join in on a special event made for National Cinema Day, offering cheap tickets for all on Saturday, September 3 2022.

The Conversation

If interest rates are raised high enough to kill off inflation, how bad will the consequences be?

Cineworld has signalled its intention to declare bankruptcy. Like many companies in the UK and elsewhere, the London-based cinema chain took on massive amounts of debt to expand. It is expected to use the Chapter 11 process in the US to restructure its debt and other obligations.

Manchester Evening News

Avatar's removal from Disney+ without warning leaves fans furious

The streaming service silently removed James Cameron's blockbuster over the weekend, with many slamming the decision

The Guardian - UK

As the Bulb fiasco shows, hoping for the best is not good strategy

The mistake of not hedging the takeover of the firm from the outset says a lot about the UK’s approach to energy security

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The Guardian - US

AMC stocks drop sharply as investors sour on ‘meme-stock’ rally

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

Asharq Al-Awsat

Cinemas under Spotlight as Cineworld Stares at Possible Bankruptcy

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…

StockNews.com

Is AMC A "Buy" After Last Week's 25% Fall?

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…

Manchester Evening News

Cineworld confirms it is considering bankruptcy but 'no significant impact' on employees

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

The Independent UK

Cineworld theater chain confirms it's considering bankruptcy

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

Irish Mirror

Cineworld confirms it is considering bankruptcy as it struggles with debts in US

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

Wales Online

Cineworld staff reassured as cinema chain confirms it is considering bankruptcy

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

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