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The Latest Breaking News from Cineworld

If interest rates are raised high enough to kill off inflation, how bad will the consequences be?

Cineworld has signalled its intention to declare bankruptcy. Like many companies in the UK and elsewhere, the London-based cinema chain took on massive amounts of debt to expand. It is expected to use the Chapter 11 process in the US to restructure its debt and other obligations.

The Conversation

Avatar's removal from Disney+ without warning leaves fans furious

The streaming service silently removed James Cameron's blockbuster over the weekend, with many slamming the decision

Manchester Evening News

Dow Jones Dives; Tesla Slides After Elon Musk Move; AMC Stock Tumbles As Rival Nears Bankruptcy

The Dow Jones took a dive as indexes fell. Tesla stock slipped after an Elon Musk move. AMC stock plunged. Bitcoin fell.

Investors Business Daily

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As the Bulb fiasco shows, hoping for the best is not good strategy

The mistake of not hedging the takeover of the firm from the outset says a lot about the UK’s approach to energy security

The Guardian - UK

AMC stocks drop sharply as investors sour on ‘meme-stock’ rally

Movie theatre chain fall 31% while rival Cineworld warns of potential bankruptcy filing

The Guardian - US

Cinemas under Spotlight as Cineworld Stares at Possible Bankruptcy

The potential bankruptcy of world No.2 cinema operator Cineworld is shining a spotlight on the wider industry as it struggles to recover from the pandemic and compete with the growing popularity of streaming, Reuters reported. Debt-laden Cineworld, which owns the Regal chain in the United States and runs theatres in…

Asharq Al-Awsat

Is AMC A "Buy" After Last Week's 25% Fall?

Leading movie theater operator AMC Entertainment (AMC) reported disappointing recent financials. And its near-term prospects look bleak due to production delays and increasing competition from online streaming service providers. Moreover, after gaining significantly over the past three months, this meme stock has declined nearly 26.3% over the past week as…

StockNews.com

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Cineworld confirms it is considering bankruptcy but 'no significant impact' on employees

The world's second-largest cinema chain is struggling under heavy debts

Manchester Evening News

Cineworld theater chain confirms it's considering bankruptcy

Cineworld Group says it's considering filing for Chapter 11 bankruptcy protection in the U.S. and similar actions elsewhere

The Independent UK

Cineworld confirms it is considering bankruptcy as it struggles with debts in US

The cinema chain is going through struggles with almost $5 billion of debt.

Irish Mirror

Cineworld staff reassured as cinema chain confirms it is considering bankruptcy

It could come as part of a restructuring of the business which is struggling under heavy debts

Wales Online

Cineworld confirms it is considering bankruptcy

The cinema chain operates 127 sites in the UK and employs 28,000 staff globally

Liverpool Echo

Cineworld considering bankruptcy but no 'significant impact' on jobs

Bosses at the world’s second-largest cinema chain said its theatres would continue to trade

Birmingham Post

Cineworld confirms it is looking at filing for bankruptcy in US

Chain, which accumulated £4bn debt in pandemic, says cinemas would stay open and staff be unaffected

The Guardian - UK

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Evening Standard

Cineworld heads to US bankruptcy filing as debt woes mount

UK insolvency now possible -- company declines comment

The Guardian - UK

UK inflation ‘to hit 18%’ as energy bills rocket; recession fears hit markets – as it happened

Rising cost of living is “entering the stratosphere” says Citi, which forecasts energy price cap could rise to £5,816 per year in April.

Evening Standard

FTSE 100 Live: Inflation set to top 18%, Cineworld updates on debt battle, markets under pressure

More alarm bells were sounded over the state of the UK economy this morning after major investment bank Citi warned inflation could grow to as high as 18.6% next year.

Bangkok Post

Cineworld Nears Bankruptcy as Theater Comeback Lags

Cineworld Group PLC, the owner of Regal Cinemas, is preparing to file for bankruptcy within weeks after struggling to rebuild movie-theater attendance from pandemic lows, according to people familiar with the matter.

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Liverpool Echo

Community appeals to cinema's owners as 'rare gem' remains closed

Woolton Picture House announced it would reopen in 2022 but it has not happened yet

Bristol Post

The Cineworld cinemas in the South West that could be affected by reports of bankruptcy

The chain said that it was 'assessing options to shore up its finances'

Nottingham Post

Fears over future of Nottingham Cineworld after reports chain close to bankruptcy

"We will miss it if it does go"

Daily Record

Cineworld preparing to file for bankruptcy with 128 UK cinemas at risk of closure

Thousands of jobs in the UK could be at risk after weeks of bad news for Cineworld including a tumbling share price.

Edinburgh Live

Iconic Edinburgh cinema could be at risk as Cineworld 'prepare for bankruptcy'

Originally an independent cinema, the Edinburgh Cameo venue was bought over in 2012 by the Picturehouse chain, which is owned by major firm Cineworld.

Los Angeles Times

Facing a bleak box office, theater owners struggle under debt loads

LOS ANGELES — The box office bounty of "Top Gun: Maverick" now feels long past for the world's biggest cinema operators.

Liverpool Echo

Cineworld to file for 'bankruptcy' after 'weak' audience numbers

Shares in the cinema chain plummeted by two-thirds within minutes of the news being reported

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