Published 2 years ago

The world's second biggest movie theater chain is in trouble

Summary by Ground News

Cineworld Group has spoken to lawyers at Kirkland & Ellis LLP to advise on the bankruptcy process. The stock has recovered slightly, but is still 60% below its price at the start of Friday trading. The chain, which owns more than 500 movie theaters across the US, is exploring how to reduce its debt obligations.

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CNN

The world's second biggest movie theater chain is in trouble

The owner of Regal Cinemas is having a tough time — its stock crashed as much as 80% Friday after reports that its parent company is preparing to file for bankruptcy.

2 years ago·Atlanta, United States

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KRDO

The world's second biggest movie theater chain is in trouble

By Anna Cooban, CNN BusinessThe owner of Regal Cinemas is having a tough time — its stock crashed as much as 80% Friday after reports that its parent company is preparing to file for bankruptcy.British company Cineworld Group has spoken to lawyers at Kirkland & Ellis LLP to advise on the bankruptcy process in the United States and United Kingdom, according to a report by the Wall Street Journal.The stock has recovered slightly, but is still 60% …

2 years ago·Colorado Springs, United States

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KIFI

The world's second biggest movie theater chain is in trouble - Local News 8

2 years ago·Idaho Falls, United States

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KVIA

The world's second biggest movie theater chain is in trouble

CNNBy Anna Cooban, CNN BusinessThe owner of Regal Cinemas is having a tough time — its stock crashed as much as 80% Friday after reports that its parent company is preparing to file for bankruptcy.British company Cineworld Group has spoken to lawyers at Kirkland & Ellis LLP to advise on the bankruptcy process in the United States and United Kingdom, according to a report by the Wall Street Journal.The stock has recovered slightly, but is still 6…

2 years ago·Panama City, United States

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WHDH

The world’s second biggest movie theater chain is in trouble

(CNN) — The owner of Regal Cinemas is having a tough time — its stock crashed as much as 80% Friday after reports that its parent company is preparing to file for bankruptcy.British company Cineworld Group has spoken to lawyers at Kirkland & Ellis LLP to advise on the bankruptcy process in the United States and United Kingdom, according to a report by the Wall Street Journal.The stock has recovered slightly, but is still 60% below its price at t…

2 years ago·Boston, United States

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