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Regal Cinemas Owner Cineworld Prepping for Bankruptcy Filing

The Wall Street Journal reported on Friday that Cineworld, the globe’s second-largest movie-theater chain, is preparing to file for bankruptcy while facing debts of US$4.8 billion. Cineworld, the London-based parent company of US-based Regal Cinemas, owns 751 branches and has 28,000 employees in ten countries. It also operates theaters under the name of Picturehouse, Cinema…