Regal Cinemas Owner Cineworld Filing for Bankruptcy: Report

Fox’s upcoming anthology Accused has upped the star power of its cast.

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.

K.J. Yossman Nicely Entertainment has tapped ex-TF1 exec Rachel Siegenthaler for vice president of international sales. Siegenthaler will remain in Paris for the newly-created role, which will be focused on expanding L.A.-based Nicely’s European presence. The role will include responsibility for EMEA and Asia sales and co-productions, which include ten movies set to debut at Mipcom next month. The Mipcom slate includes “Cloudy with a Chance of Christmas” (pictured above), “A Christmas to Treasure,” “A Royal in Paradise” and “Baked with a Kiss” as well as family documentary “Beyond the Reef,” which introduces audiences to the Great Barrier Reef. The feature, which is set to be released in IMAX, is narrated by Shuang Hu.

Haley Kluge editor SPOILER ALERT: Do not read if you have not watched the Sept. 5 episode of “The Bachelorette.” Gabby Windey and Rachel Recchia are back together again. The co-Bachelorettes reunited in Mexico after separating for hometowns, where they compared stories from the past week (Rachel lamenting that her once front-runner Tino Franco’s family didn’t like her, Gabby sharing her comfort levels with her final three).  Dates immediately commenced, with Gabby’s first going to Erich Schwer. The two spent the day facing her fears and jumping off high platforms into a pool during the day, and by night, Erich confessed his love for her before they settled into a fantasy suite. 

Scheana Shay broke her silence on the alleged hookup between her Vanderpump Rules co-stars Tom Schwartz and Raquel Leviss!

Off the market! Rachel Bilson has a new love in her life — and she’s sharing the NSFW details.

Rachel Bilson sat down with Chace Crawford during an episode of her "Broad Ideas" podcast where she recounted a time where rumors circulated that the two were dating.  The two actors both dominated the world of early 2000s television with Bilson playing Summer Roberts on "The O.C" and Crawford playing Nate Archibald on "Gossip Girl." The "O.C." was on air from 2003 to 2007, just before "Gossip Girl," which was on from 2007 to 2012. When you play characters on two of the biggest teen dramas of the time (that are still being watched and rewatched now,) cast members are bound to cross paths.  On the August 29 episode of Bilson's podcast, she had Crawford on as a guest, where they talked about their time hanging out back in the day and the rumors that started to circulate after they were spotted together.

Welcome to Deadline’s International Disruptors, a feature where we shine a spotlight on key executives and companies outside of the U.S. shaking up the offshore marketplace. As the Venice Film Festival kicks off today, we’re speaking with RAI Cinema CEO Paolo Del Brocco about some of the company’s 24 titles featuring in the festival this year as well as his ongoing challenge to lure Italian audiences back into the cinema after a rocky post-pandemic period. 

Rachel Recchia and Gabby Windey's villains did not want to face the music. On Monday's «Men Tell All» special neither Hayden Markowitz nor Chris Austin made an appearance, and this season's leading ladies had a lot to say about it.«I'm not surprised that Hayden didn't show up tonight,» Rachel told ET. «I really think that everyone was able to see his character during the show.

, and appears to have just planted a major flag firmly on Team Millennial with her fresh do. The hairstylist Andrew Fitzsimons posted a short video of her new look to Instagram, where she is proudly rocking a side part and choppy layers that are screaming “Rachel Green.”That's right, folks. Kourtney Kardashian appears to be bringing back the Rachel—the iconic mid-’90s haircut named for Jennifer Aniston’s character on Friends—that was once ubiquitous but hasn't been seen on a celebrity since the early 2000s.

Dr. Darcy Sterling recapped the Monday, August 22, episode of The Bachelorette with Us Weekly, suggesting Gabby Windey may be headed for heartbreak with Johnny DePhillipo and hinting Rachel Recchia could have more bumps with Tino Franco’s parents if something doesn’t change.

That’s her man — and she wants the world to know! Rachael Kirkconnell clapped back at a sports announcer who incorrectly claimed that her boyfriend, Matt James, was “single” numerous times during a recent celebrity basketball tournament.

considering bankruptcy in the U.S. as one of several “strategic options to both obtain additional liquidity and potentially restructure its balance sheet.”The world’s second-largest movie theater chain, responding to a report published in Friday’s Wall Street Journal, said that it remains “in discussions with many of its major stakeholders including its secured lenders and their legal and financial advisers.” The company also stressed that its theaters “are open for business as usual and continue to welcome guests.”Last Wednesday, the company announced that it was in the midst of a liquidity crisis exacerbated by what it called lower-than-expected ticket sales over the last several months due to limited new studio content.

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.

Naman Ramachandran After reports last week saying that debt-laden exhibition giant Cineworld was considering bankruptcy, the group has issued a statement revealing a possible Chapter 11 filing in the U.S.“In response to media speculation, Cineworld is today providing an update to its announcement on 17 August 2022 regarding an evaluation of strategic options to both obtain additional liquidity and potentially restructure its balance sheet through a comprehensive deleveraging transaction,” Cineworld, which which owns Regal Cinemas in the U.S., said on Monday.“Cineworld and Regal theaters globally are open for business as usual and continue to welcome guests and members. The strategic options through which Cineworld may achieve its restructuring objectives include a possible voluntary Chapter 11 filing in the United States and associated ancillary proceedings in other jurisdictions as part of an orderly implementation process.

The Wall Street Journal reported, citing unnamed sources. 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.Cineworld and Alix Partners declined to comment.