Cineworld theater chain confirms it’s considering bankruptcy

LONDON (AP) — Cineworld Group says it’s considering filing for Chapter 11 bankruptcy protection in the U.S. and similar actions elsewhere.

One of the world’s largest movie theater chains, which owns Regal Cinemas in the United States, said Monday that bankruptcy is one option it’s weighing to help bolster a business that has struggled to rebound from the impact of COVID-19 restrictions. It said it expected operations to run normally following any filing and “ultimately to continue its business over the longer term with no significant impact upon its employees.”

The Wall Street Journal reported Friday that Cineworld was preparing to file for bankruptcy within weeks.

Written by: Editor

CIneworld Group Regal Cinemas

Rate it

Events

2 correctional officers treated after assault in Delaware

SMYRNA, Del. (AP) — Delaware authorities say two correctional officers have been treated and released after being assaulted by a prisoner. The Delaware Department of Corrections says it happened on Thursday evening at the James T. Vaughn Correctional Center in Smyrna, Delaware. Authorities say the officers were assaulted by an inmate with an improvised weapon. Both officers were transported to an area hospital for serious injuries. One officer was treated […]

08/22/2022 28