Regal Owner Cineworld Told To Fast Track Theater Closings And New Business Plan By Bankruptcy Judge

Jan 5 2023 by /Film

 

Last year, Cineworld was forced to enter into Chapter 11 bankruptcy, with crippling debt and slower-than-anticipated recovery in the aftermath of the pandemic putting the theater chain in a bad place. The company is one of the largest movie theater operators in the world, with U.S. moviegoers familiar with them via Regal Cinemas. As the proceedings have rolled on, a bankruptcy judge has ordered them to speed things up and get its affairs in order. That includes figuring out which theaters to...

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