Cineworld Group to file bankruptcy after poor attendance, affecting 505 US theatres

The world’s third-largest movie theatre chain Cineworld Group plc, which owns 505 Regal theatres across the country, is preparing to file for bankruptcy in the US. 

The United Kingdom-based company said it’s faced a loss of income due to poor attendance since reopening theatres in 2021 and there not being enough films produced. 

Cineworld Group had a net debt of $5 billion at the end of 2021, according to a report by The Hollywood Reporter. 

After struggling financially since reopening…

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Written by Bourbiza Mohamed

I have 26 years of experience as a professional writer and editor and have been working as a full time freelancer since 2011. I am originally from Casablanca, Morocco, and I graduated from Qatar University with a degree in journalism. I have worked for newspapers, magazines, news agencies, websites. I speak fluent Arabic, French, English, Russian and Spanish.

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