#AMC Entertainment shares tank after unveiling 0M plan

#AMC Entertainment shares tank after unveiling $110M plan

“AMC Entertainment shares tank after unveiling $110M plan” Meme-stock darling AMC Entertainment saw its share price nosedive Thursday after the world’s largest movie theater chain announced plans to raise $110 million in new capital and proposed a reverse stock split. AMC shares plunged nearly 15% in midmorning trading as the stock hit a new 52-week low…

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#Regal Cinemas owner Cineworld preps for bankruptcy filing

#Regal Cinemas owner Cineworld preps for bankruptcy filing

“Regal Cinemas owner Cineworld preps for bankruptcy filing” Regal Cinemas owner Cineworld is preparing to file for bankruptcy as movie theaters struggle to win back audiences after the pandemic ravaged the business, according to a report. Cineworld, which owns Regal, the second-largest US movie theater chain, has engaged lawyers from Kirkland & Ellis LLP and…

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#Movie theaters have popcorn, candy shortages over inflation

#Movie theaters have popcorn, candy shortages over inflation

“Movie theaters have popcorn, candy shortages over inflation” Moviegoers flocking back to the cinema this summer after pandemic-induced lockdowns will have to contend with another potential off-screen drama — a shortage of popcorn, candy, soda, and other snacks. Inflation, a tight labor market, and supply chain disruptions are adversely impacting the availability of food and…

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