The minimum wage will be turned into a “genuine living wage” on the first day of a Labour government, Rachel Reeves has promised.
09.09.2022 - 11:33 / variety.com
Leo Barraclough International Features Editor Movie theater operator Cineworld Group, which has 9,139 screens in 10 countries, has received approval from the U.S. Bankruptcy Court for the Southern District of Texas for “first day” relief related to its Chapter 11 proceedings filed on Sept. 7. The group’s companies include Regal in the U.S. The court granted the group immediate access to up to some $785 million of an approximate $1.94 billion debtor-in-possession financing facility that, together with its cash reserves and cash provided by operations, is expected to provide sufficient liquidity for Cineworld to “meet its ongoing obligations, including post-petition obligations to vendors and suppliers, as well as employee wages, salaries and benefits programs,” the company said Friday. The remainder of the DIP facility will become available following the court’s approval on a final basis.
Summarizing, Cineworld said the approval will allow the group’s companies to “pay vendors and suppliers in full and on normal terms for valid amounts for goods and services received during the Chapter 11 process. Employees will also continue to receive their usual wages and benefits without interruption.” It said that Cineworld and its brands – including Regal, Cinema City, Picture House and yes Planet – are continuing to welcome moviegoers to theaters as usual, and that will not change during the Chapter 11 process. The group will continue to honor the terms of all existing customer membership programs, including Regal Unlimited and Regal Crown Club in the U.S. and Cineworld Unlimited in the U.K. “Today’s approval of our requested ‘first day’ relief is a positive step forward for the group and our restructuring efforts,” said Mooky
The minimum wage will be turned into a “genuine living wage” on the first day of a Labour government, Rachel Reeves has promised.
“Jimmy Kimmel Live,” Cooke said that she showed up to film the hit “Game of Thrones” prequel series with a killer hangover and even a “chipped tooth,” following a night out drinking with comedian Alan Carr. “It was amazing and I was very hungover. Really bad. I never do that,” Cooke said.
Kelly Ripa and Ryan Seacrest are celebrating their five-year work anniversary! The hosts spoke to ET’s Rachel Smith about the milestone. “It seems like not five years,” Ripa says.
Cara De La Hoyde’s firstborn Freddie has reached a major milestone after he started school. But when we catch up with the mum of two, she tells us that unlike most mums at the gates, she didn’t end up in tears. Cara, 32, explains: “It was fine.
Ana de Armas went out of her way to try and secure Marilyn Monroe‘s blessing from beyond the grave before diving into the creation of Blonde.
settling to $16.81 at the bell. It was down more than 2% in after-hours trading.Backed by billionaire Peter Thiel, the conservative platform, which is seen as an alternative to YouTube, attracted the likes of Infowars founder and conspiracy theorist Alex Jones and several QAnon influencers who were booted from social media.Rumble, which trades under the ticker handle “RUM,” says it has 78 million global monthly viewers and will launch exclusive shows from actor Russell Brand and journalist Glenn Greenwald, according to CNBC.The company, which touts that it does “not stifle, censor, or punish creativity and freedom of expression,” is also associated with a similar alternative platform as it manages ad sales for Truth Social, the social media platform kickstarted by former President Donald Trump after he was banned from mainstream social media networks like Twitter, Instagram and Facebook.“We create technologies that are immune to cancel culture.
ITV's Loose Women was back on at lunchtime today for the first time since having a four-day break in the wake of the Queen's death last Thursday (September 8) and emotions were running high. Dame Kelly Holmes joined the panel for the first time and teared up during a moving opening montage of Her Majesty's life.
Our annual tradition of documenting the children’s return to learning! There was a lot of fear and anxiety – mostly from Perez! And… watch!
Leo Barraclough International Features Editor Movie theater operator Cineworld Group, which has 9,139 screens in 10 countries, has received approval from the U.S. Bankruptcy Court for the Southern District of Texas for “first day” relief related to its Chapter 11 proceedings filed on Sept. 7. The group’s companies include Regal in the U.S. The court granted the group immediate access to up to some $785 million of an approximate $1.94 billion debtor-in-possession financing facility that, together with its cash reserves and cash provided by operations, is expected to provide sufficient liquidity for Cineworld to “meet its ongoing obligations, including post-petition obligations to vendors and suppliers, as well as employee wages, salaries and benefits programs,” the company said Friday. The remainder of the DIP facility will become available following the court’s approval on a final basis.
A US bankruptcy court has approved Cineworld for first day relief following the company’s Chapter 11 filing on September 7, 2022.
Ashley Cain's grandmother died on the first day of filming for 'Celebrity SAS: Who Dares Wins'. The 31-year-old star - whose eight-month-old daughter Azaylia passed away in April 2021 - suffered more heartbreak less than a year later and he found out the devastating news as he headed in for the first challenge on the grueling Channel 4 reality show. He told OK! magazine: "On that first episode, I got a phone call from home telling me that I lost my grandma, then we had to go straight to the first challenge.
Roadworks which began the day schools went back after the holidays could bring traffic misery to a village for weeks to come, it is feared. Newhey Road, in Milnrow, is being dug up so work on sewers serving the ‘state-of-the-art’ medical centre currently being built can be completed by a contractor.
Prince George, Princess Charlotte and Prince Louis started a new term at Lambrook School on Wednesday 7 September.The Duke and Duchess of Cambridge's three children recently started at the private establishment, which is a leading co-educational prep school located in the Berkshire countryside, just a short journey from the family' new home at Adelaide Cottage in Windsor. The prestigious school costs up to £6,999 term and with all three of their children now attending the school, Kate, 40, and Prince William, also 40, could be forking out over £50,000 a year.
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.