Dade Hayes Finance EditorStocks in U.S. movie theater circuits AMC and Cinemark staged rallies today after more positive COVID-19 vaccine news as well as a new financial lifeline for Cineworld.The UK-based Cineworld, parent of Regal Cinemas, said it secured a $450 million credit facility and an overall infusion of $750 million.
Regal Owner Cineworld Considering Insolvency Process That Could See Some Screens Permanently Shuttered
19.11.2020 - 16:26 / variety.com
Naman Ramachandran The Cineworld Group, the second largest cinema chain in the world, which also operates the Regal cinemas in the U.S., is exploring an insolvency process in the U.K. that will cut costs, but could shutter some British sites permanently.Known as a “company voluntary arrangement” (CVA), Cineworld is currently discussing the process with lenders, according to the Financial Times.
Cineworld declined to comment. However, Variety understands that Cineworld is indeed considering the
.
The website popstar.one is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
deadline.com
19.11.2020 / 14:49
Cineworld Exploring Insolvency Process To Tackle Mounting Debts; Some UK Sites Could Close Permanently
Tom Grater International Film ReporterCineworld, the world’s second largest cinema chain, is looking into a Company Voluntary Arrangement (CVA) in the UK, which would allow it to restructure and renegotiate a mounting debt pile caused by unpaid rents due to ongoing closures.Deadline can confirm that a potential CVA, first reported by the Financial Times, is one option being explored.
manchestereveningnews.co.uk
17.11.2020 / 17:37
Toby Carvery and All Bar One owner to permanently close several pubs across the UK
The owners of Toby Carvery and All Bar One have confirmed plans to shut 20 pubs and bars across the UK.Mitchells & Butlers (M&B) has confirmed the move which is set to put scores of jobs at risk after sales slumped in the face of temporary site closures, reports PA.It is understood the company is working with advisers at CBRE to offload the string of sites, which will be closed if M&B cannot sell them to new owners.An M&B spokeswoman said: “As announced in September, M&B re-opened the vast
theplaylist.net
10.11.2020 / 22:02
Regal Shuts Down Remaining Theaters In The US But IMAX CEO Claims COVID-19 Vaccine Is A “Game Changer”
Remember last month when Cineworld, the parent company behind Regal Cinemas, announced that it would be closing the bulk of its theaters in the US and the UK? At the time, the reason was the fact that New York Governor Andrew Cuomo wasn’t opening theaters in the state and it was negatively affecting the entire industry. Well, Cuomo did allow for New York theaters to reopen (outside of NYC, at least), and Regal opened the doors to a handful of cinemas in the state.
ok.co.uk
10.11.2020 / 10:32
Katie Price 'left worried after failing to fall pregnant' during Maldives baby-making holiday with Carl Woods
Katie Price made no secret of the fact she desperately wanted to become pregnant on her recent trip to the Maldives, but a source has told new magazine that the star is now panicking that her plan hasn’t worked. After holidaying on the idyllic Huruelhi Island for almost three weeks with her man, the star wasn’t pregnant by the time she arrived back in the UK on Friday.
ok.co.uk
08.11.2020 / 21:51
Katie Price welcomed back by her five children after Maldives holiday with Carl Woods
After getting back from the Maldives with other half Carl Woods, Katie Price has settled back into mummy mode with her five children.The former glamour model, who was recently left heartbroken after a racist troll used blackface to mock son Harvey, gave fans a glimpse into what a Sunday looks like after she was welcomed back by her five children.Taking to her Instagram stories, the 42 year old posted a clip of what everyone was up to as they self-isolated during the second UK national lockdown.
dailyrecord.co.uk
08.11.2020 / 08:22
Highland hotel owner loses all bookings after covid cancels star-studded movie plans
festive film called Lost At Christmas would boost business said all he has lost is bookings.Guy Daynes, who runs The Clachaig Inn in the heart of Glencoe, allowed filmmakers to feature his award-winning pub in the new movie.The romantic comedy stars Clare Grogan, Sanjeev Kohli and Sylvester McCoy.Guy planned to hold a mini premiere to mark the winter launch at cinemas across the UK.