Cineworld Preparing To File For Bankruptcy

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Normalcy is returning to television series’ release pattern after a couple of Covid-affected years. Streamers have made for a busy summer with buzzy shows such as Stranger Things, House of the Dragons and LOTR: The Rings of Power. They will soon be joined by the broadcast networks, whose main series roster is sticking to the traditional season that kicks off in the fall. Here is Deadline’s annual list of the fall premiere dates for new and returning series. It covers more than 200 broadcast, cable and streaming programs debuting between mid-September and December 31 but does not include movies or specials. Please send any additions or adjustments to [email protected]. We update the list regularly as more dates are revealed.

The debt-riddled Regal Cinemas owner Cineworld Group on Wednesday filed for Chapter 11 bankruptcy in the U.S. In a statement, the troubled London-based cinema chain said it was setting up “a $1.94 billion debtor debtor-in-possession financing facility from existing lenders which will help ensure Cineworld’s operations continue in the ordinary course while Cineworld implements its reorganisation.” The filing the United States Bankruptcy Court for the Southern District of Texas covers multiple subsidiaries of Cineworld, which operated 505 theaters in the U.S.

The shoe finally fell today as giant theater chain Cineworld filed for Chapter 11. The bankruptcy includes a $1.94 billion debtor-in-possession financing facility from existing lenders to keep things running.

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Cineworld, the world’s second largest cinema chain, faces fresh uncertainty after its second largest shareholder cut its stake, causing shares to fall in value for a second day.

Life With The Byes, where she shared an honest post. She wrote in the caption: "It can’t always be easy for the boys having a dad that’s on the telly. The whispers in the playground, the staring in the supermarket.

Bosses at Cineworld are considering whether to put the cinema chain into bankruptcy. They confirmed on Monday (August 22) that they are looking at options for restructuring the world’s second-largest cinema chain, which is struggling under heavy debts.

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COVID pandemic.It was reported last week via a piece in the The Wall Street Journal that the share price of the company had dropped from 20p to 2p, leading to conversations around bankruptcy. Before COVID, it was trading at £1.97.The London-listed company, which operates 751 sites in 10 countries including the Cineworld and Picturehouse chains in the UK, ran up debt of more than £4billion ($4.8billion) after its cinemas were closed during the global health crisis.Cineworld has now confirmed that conversations are taking place.

In response to recent speculation, Cineworld has provided an update to its August 17 announcement regarding an evaluation of strategic options to both obtain additional liquidity and potentially restructure its balance sheet through a comprehensive deleveraging transaction.