{"id":486111,"date":"2022-08-19T18:00:11","date_gmt":"2022-08-19T15:00:11","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/regal-cinemas-owner-cineworld-preps-for-bankruptcy-filing\/"},"modified":"2022-08-19T18:00:11","modified_gmt":"2022-08-19T15:00:11","slug":"regal-cinemas-owner-cineworld-preps-for-bankruptcy-filing","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/regal-cinemas-owner-cineworld-preps-for-bankruptcy-filing\/","title":{"rendered":"#Regal Cinemas owner Cineworld preps for bankruptcy filing"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a35a93de95ad\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a35a93de95ad\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/regal-cinemas-owner-cineworld-preps-for-bankruptcy-filing\/#%E2%80%9CRegal_Cinemas_owner_Cineworld_preps_for_bankruptcy_filing%E2%80%9D\" >&#8220;Regal Cinemas owner Cineworld preps for bankruptcy filing&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CRegal_Cinemas_owner_Cineworld_preps_for_bankruptcy_filing%E2%80%9D\"><\/span>&#8220;Regal Cinemas owner Cineworld preps for bankruptcy filing&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<p>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. <\/p>\n<p>Cineworld, which owns Regal, the second-largest US movie theater chain, has engaged lawyers from Kirkland &amp; Ellis LLP and consultants from AlixPartners to advise on the bankruptcy process, <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.wsj.com\/articles\/regal-cinemas-owner-cineworld-prepares-for-bankruptcy-filing-11660910944\">The Wall Street Journal <\/a>reported, citing unnamed sources. <\/p>\n<p>The London-headquartered Cineworld is expected to file for chapter 11 bankruptcy in the US and is mulling filing an insolvency proceeding in the UK,  according to the report.<\/p>\n<p>Cineworld and Alix Partners declined to comment. Kirkland did not im<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">media<\/a>tely respond to a request for comment. <\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/regal-cinemas-bankruptcy-01.jpg?w=1024\" alt=\"The Regal Cinemas movie theater with a &quot;temporarily closed&quot; message as seen on W42nd Street in New York, NY on March 6, 2021. \" class=\"wp-image-23527790\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/regal-cinemas-bankruptcy-01.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/regal-cinemas-bankruptcy-01.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/regal-cinemas-bankruptcy-01.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Regal, the second largest movie theater chain in the US, is expected to file for bankruptcy. <\/figcaption><figcaption><span class=\"credit\">Christopher Sadowski<\/span><\/figcaption><\/figure>\n<p>The already struggling movie theater industry had been dealt a near-deadly blow during the pandemic, which forced many screens to temporarily dim. When COVID restrictions began to ease, theaters reopened but with a dearth of new films as Hollywood, too, had ground to a halt at that time. <\/p>\n<p>Even now with more big films in theaters like Brad Pitt\u2019s \u201cBullet Train,\u201d Tom Cruises\u2019 \u201cMaverick\u201d and the animated flick \u201cDC League of Super-Pets,\u201d moviegoing isn\u2019t as strong as it used to be. <\/p>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Cineworld, which blamed a limited slate of blockbuster titles, said on Wednesday that it was \u201cevaluating various strategic options\u201d in the face of lackluster attendance. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"684\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/regal-cinemas-bankruptcy-05.jpg?w=1024\" alt=\"Front entrance to Regal Cinemas 16\" class=\"wp-image-23527819\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/regal-cinemas-bankruptcy-05.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/regal-cinemas-bankruptcy-05.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/regal-cinemas-bankruptcy-05.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Cineworld, Regal\u2019s parent, said slowing movie theater attendance is pushing it to look at other strategic options. <\/figcaption><figcaption><span class=\"credit\">Education Images\/Universal Image<\/span><\/figcaption><\/figure>\n<p>\u201cDespite a gradual recovery of demand since re-opening in April 2021, recent admission levels have been below expectations,\u201d the company said in an update. \u201cThese lower levels of admissions are due to a limited film slate that is anticipated to continue until November 2022 and are expected to negatively impact trading and the Group\u2019s liquidity position in the near term.\u201d<\/p>\n<p>November h<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>ens to be when Marvel\u2019s \u201cBlack Panther: Wakanda Forever\u201d hits the big screen, and until then, big, buzzy <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/watch-movies-tv-seriess\/\" data-internallinksmanager029f6b8e52c=\"8\" title=\"Watch Movies &amp; TV Series\" target=\"_blank\" rel=\"noopener\">movies<\/a> will be lacking.<\/p>\n<p>As a result, Cineworld is currently negotiating with its lenders to fund the cost of the bankruptcy process, The Journal added. <\/p>\n<p>Regal\u2019s parent company narrowly escaped bankruptcy in 2020 when its nearly 800 movie theaters were temporarily closed due to the pandemic. The company got a $750 million lifeline from its creditors to avoid bankruptcy. <\/p>\n<p>AMC, the largest movie theater chain in the world, has faced similar problems linked to the pandemic, but it has managed to raise more than $2.2 billion of equity to stay afloat, thanks to its meme-stock status.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/08\/19\/regal-cinemas-owner-cineworld-preps-for-bankruptcy-filing\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Regal Cinemas owner Cineworld preps for bankruptcy filing&#8221; 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 &amp; Ellis LLP and&#8230;<\/p>\n","protected":false},"author":1,"featured_media":486112,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/08\/regal-cinemas-bankruptcy-comp-1.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[132483,4978,1545,4979,1361,72535],"class_list":["post-486111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-8-19-22","tag-bankruptcy","tag-coronavirus","tag-movie-theaters","tag-movies","tag-regal-entertainment"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/486111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=486111"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/486111\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/486112"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=486111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=486111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=486111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}