So many stars are set to appear at BravoCon 2023.
01.08.2023 - 06:41 / variety.com
Naman Ramachandran Former WarnerMedia Studios and Networks Group chair and CEO Ann Sarnoff has joined the board of directors of Cineworld as the group emerges from Chapter 11 cases. Cineworld Group and its subsidiaries had commenced Chapter 11 cases in the United States Bankruptcy Court in September 2022. On Aug.
1, 2023, the group, which operates the Regal cinemas chain in the U.S., said it had successfully completed its financial restructuring process and had emerged from its Chapter 11 cases. While existing shareholders are largely wiped out, the restructuring moves include an $800 million rights issue to raise new capital, the release of some $4.35 billion of the group’s funded indebtedness and the provision of $1.71 billion of new debt financing. Within those new borrowings is a revolving credit facility of $250 million.
“With this strengthened and recapitalized balance sheet, the group is well-positioned to pursue future strategic initiatives and continue providing leading cinematic experiences for customers globally, including through investments in new screen formats and enhancements to its flagship theatres,” the group said. Sarnoff left her WarnerMedia post during the company’s merger with Discovery in 2022. She previously held senior executive positions at BBC Studios and Viacom.
So many stars are set to appear at BravoCon 2023.
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sliving the lush life. Paris Hilton is facing the wrath of social media while she reportedly still vacations in Maui, Hawaii, with her husband, Carter Reum, and their 8-month-old son, Phoenix, as vicious wildfires rage on in the nearby town of Lahaina.In new pictures obtained Monday by The Post, Hilton, 42, carries her only child around an exclusive resort in Wailea, which is only 30 miles from the flame-engulfed area.“The Simple Life” star donned a light blue beach coverup and a seashell bag while Reum, 42, walked the beach shirtless in pink swim trunks.
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Regal parent Cineworld has officially emerged from bankruptcy, unveiling five new board members and a strengthened balance sheet. The chain, which was flattened by Covid and high debt, filed for Chapter 11 in the Southern District of Texas last September.
UPDATED, 07:30 a.m.: Cineworld Group has officially entered administration, following an application at the High Court in London. The administration order applies only to Cineworld Group and not to any of its operating companies or subsidiaries such as Regal Cinemas in the U.S. or Picturehouse Cinemas in the UK.
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