Regal Cinemas, one of the most well-known purveyors of movie theater facilities throughout the world, is positioning itself to possibly fire for bankruptcy, a move that comes after more than two years of sustained disruptions and difficulties related to both the COVID pandemic and heavy competition with streaming services.
Regal parent company Cineworld Group “is preparing to file for bankruptcy within weeks after struggling to rebuild movie-theater attendance from pandemic lows,” the Wall Street Journal reported on Friday evening, citing “people familiar with the matter.”
The company, which is based in London, has reportedly arranged for representation with Kirkland & Ellis, […]
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