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Cineworld

How Cineworld Hopes to Restructure and Exit Bankruptcy

This past week Cineworld announced it had reached an agreement with existing lenders to emerge from Chapter 11 bankruptcy by the middle of this year while providing the company with significant operating capital to execute future business. The world’s second largest movie theatre operator made…

Cineworld Proposes Bankruptcy Schedule

Cineworld Proposes Schedule For Exiting Bankruptcy Through Reorganization or Sale

Cineworld’s legal team gave the United States Bankruptcy Court for the Southern District of Texas a status update for its Chapter 11 case on Tuesday, 21 February. In the process, the exhibitor provided Judge Marvin Isgur with a proposed schedule that would see the company either sold or exitin…

Cineworld Negotiating Bankruptcy Reorganization With Lenders While Also Pursing Sale

Cineworld was back in United States Bankruptcy Court for the Southern District of Texas on 8 February to update Judge Marvin Isgur on the status of their ongoing bankruptcy case. Lawyers for the United Kingdom-based company provided an overview of current operations, a potential reorganization plan,…

Regal Union Square Stadium 14 in New York City

Cineworld To Close 39 Additional Regal Theatre Locations

In a filing earlier this week relating to their ongoing Chapter 11 bankruptcy proceedings, Cineworld asked the United States Bankruptcy Court for the Southern District of Texas for permission to abandon 39 of its leases for Regal theatre locations in the United States. This is the fifth time Cinewor…

Cineworld on the Road To Recovery

Cineworld On Its Road To Recovery – Part 3

This is the third of a three part series examining some of the finer points and details of Cineworld’s ongoing bankruptcy in an attempt to provide some analysis for what it all means for the company and the industry-at-large. On 7 September the world’s second largest movie theatre operat…

Cineworld's Bankruptcy Journey

Cineworld’s Bankruptcy Journey – Part 2

This is the second of a three part series examining some of the finer points and details of Cineworld’s ongoing bankruptcy in an attempt to provide some analysis for what it all means for the company and the industry-at-large. On 7 September the world’s second largest movie theatre…

Cineworld In A Time of Bankruptcy

Cineworld In A Time of Bankruptcy – Part 1

By the beginning of September, Cineworld Group’s potential bankruptcy was so widely reported and broadly anticipated that when the company officially filed for Chapter 11 protection on 7 September, most major media outlets buried their coverage in the business section. Few, if any, of the…