The resurrected company will let MoviePass members choose from more than 4,000 theater locations across the U.S., including those operated by AMC Theatres, Regal Cinemas and Cinemark. Plans cover 2D standard screenings. Gone is the unsustainable $9.95-per-month for one movie-per-day deal. Instead, the service is using a new four-tiered, credit-based system to offer different options…
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…
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