Cineworld Renfrew Street Photo: Stephen Sweeney, licensed under Creative Commons
Cineworld Group Plc. is filing for bankruptcy, the Wall Street Journal revealed today. The company, which is the world's second largest operator in the cinema sector, was unable to recover following the impact of Covid-19 lockdowns, with many former customers continuing to stay away.
It is understood that the company has engaged lawyers from Kirkland & Ellis Llp to handle the bankruptcy proceedings.
The decision follows a frantic week of activity which saw that company scrambling for a solution as its share price fell by 40. This contributed to a total fall of 90 since the start of the pandemic and took the share value to its lowest since 2007. In March of this year it described itself as facing "a very challenging market." Large deals for leading titles left it with heavy debts and it struggled to manage the repayments. It was also heaving impacted by an Ontario.
Cineworld Group Plc. is filing for bankruptcy, the Wall Street Journal revealed today. The company, which is the world's second largest operator in the cinema sector, was unable to recover following the impact of Covid-19 lockdowns, with many former customers continuing to stay away.
It is understood that the company has engaged lawyers from Kirkland & Ellis Llp to handle the bankruptcy proceedings.
The decision follows a frantic week of activity which saw that company scrambling for a solution as its share price fell by 40. This contributed to a total fall of 90 since the start of the pandemic and took the share value to its lowest since 2007. In March of this year it described itself as facing "a very challenging market." Large deals for leading titles left it with heavy debts and it struggled to manage the repayments. It was also heaving impacted by an Ontario.
- 8/19/2022
- by Jennie Kermode
- eyeforfilm.co.uk
Julian Richards acclaimed conspiracy thriller Silent Cry is now available in USA, Canada, UK and Ireland from Amazon. Emily Woof (The Full Monty), Douglas Henshall (Shetland), Kevin Whately (The English Patient), Clive Russell (Game of Thrones), Craig Kelly (Titanic) and Steve Sweeney (Lock Stock and Two Smokin Barrells) star in this nail-biting suspense story about …
The post Amazon Releases “Silent Cry” in USA & UK appeared first on Horror News | Hnn.
The post Amazon Releases “Silent Cry” in USA & UK appeared first on Horror News | Hnn.
- 6/13/2022
- by Adrian Halen
- Horror News
Election Day marked a turning point in the United State’s war on drugs, as Oregon decriminalized possession of drugs, Mississippi approved medical marijuana, and New Jersey passed its Question 1 proposed constitutional amendment legalizing cannabis. As the year draws to a close, however, just what needs to be done to make weed legal in the Garden State?
The Election Day vote was, apparently, the easy part — 65 percent of voters cast a ballot for a constitutional amendment that legalizes a recreational cannabis market for adults 21 and older. It was up to legislators,...
The Election Day vote was, apparently, the easy part — 65 percent of voters cast a ballot for a constitutional amendment that legalizes a recreational cannabis market for adults 21 and older. It was up to legislators,...
- 12/16/2020
- by Brenna Ehrlich
- Rollingstone.com
We have some amazing things we're about to announce for Cinelinx, and we've been working our tails off in order to get them done. While this is great, it unfortunately means that I haven't kept up with my press releases like I should have been. There's been a few things going on in the Indie world, so I've decided to bring them all together, News Bits style, for your enjoyment. Come inside for casting news on Kickback, a new trailer for Entity, and a North American release date for Silent Cry!
Here at Cinelinx we like to talk about all aspects of filmmaking and movie news. To that end, we have Indie Beat where we highlight some of the latest news, trailers, and PR releases from the indie filmmaker scene. So if you're an independent filmmaker and want some coverage on our site, be sure to drop us a line at jordan@cinelinx.
Here at Cinelinx we like to talk about all aspects of filmmaking and movie news. To that end, we have Indie Beat where we highlight some of the latest news, trailers, and PR releases from the indie filmmaker scene. So if you're an independent filmmaker and want some coverage on our site, be sure to drop us a line at jordan@cinelinx.
- 7/9/2013
- by feeds@cinelinx.com (Jordan Maison)
- Cinelinx
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