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AMC Theatres Halts Acquisition Plans After Cineworld Filed for Chapter 11 Bankruptcy Protection
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AMC Theatres Halts Acquisition Plans After Cineworld Filed for Chapter 11 Bankruptcy Protection

AMC Entertainment Holdings won’t be moving forward with its initial discussions with lenders about its potential acquisition of theaters in the Cineworld Group chain across the U.S. and Europe. AMC, which is the world’s largest movie theater chain, made the decision after Cineworld filed for Chapter 11 bankruptcy protection on September 7, according to The…

Karen Benardello
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Regal Cinemas Owner Cineworld Prepping for Bankruptcy Filing
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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…

Edward Moran
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