Cineworld
Regal Cinemas’ Post-Bankruptcy Plan Revealed By CEO
Eduardo Acuna, CEO of Regal Cinemas owner Cineworld Group, says his movie theater chain is well-positioned for post-pandemic and post-bankruptcy growth amid Hollywood’s box office recovery. “I think it’s a very pivotal moment in our history,” Acuna told The Hollywood Reporter in an interview on Wednesday via Zoom while seated in a giant 4DX auditorium […]
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Cineworld Emerges From Chapter 11 Bankruptcy, Ann Sarnoff Joins Board
Cinema giant and Regal Entertainment owner Cineworld has successfully completed its financial restructuring process and emerged from its Chapter 11 bankruptcy cases in the U.S. The exhibition company unveiled the news late on Monday along with new board members, including former Warner Bros. top executive Ann Sarnoff. Shareholders have been wiped out as part of […]
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Regal Owner Cineworld Takes Next Step Toward Exiting Bankruptcy
Regal Entertainment owner Cineworld Group has named an administrator in the U.K. and had its shares delisted from the London Stock Exchange as the movie theater giant eyes an exit from U.S. bankruptcy protection. On Monday, the cinema chain said Cineworld Group had entered administration under a U.K. court order and New York-based AlixPartners had been appointed […]
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Cineworld Reorganization: Cinépolis Top Executive Eduardo Acuna to Serve as New CEO
Cineworld lenders have agreed to appoint Eduardo Acuna as CEO of the newly incorporated parent company of the group, the so-called “NewCo,” as of the effective date of the cinema giant’s plan of reorganization, the company said on Thursday. The plan, developed after the exhibitor’s Chapter 11 bankruptcy filing, was confirmed by the United States […]
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Cineworld Reorganization Plan Confirmed, Former Pepsi Exec to Serve as New Board Chair
Exhibition giant and Regal Theaters owner Cineworld said Thursday that the United States Bankruptcy Court for the Southern District of Texas, Houston Division has confirmed a third amended Chapter 11 plan of reorganization, which calls for a new board led by former Pepsi and Pepsi Bottling top executive Eric Foss. “This milestone paves the way […]
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Regal Cinemas, National CineMedia Sign New Long-Term Deal
National CineMedia has signed a new longterm deal with Regal Cinemas, one of its founding partners, in the latest sign both companies are moving towards restructuring their struggling businesses in a recovering exhibition sector. Terms of the new 10-year exhibitor service agreement were not disclosed, but the deal will see NCM continue to exclusively offer on-screen […]
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Cineworld Now Expects to Emerge From Bankruptcy in July
Movie theater giant and Regal owner Cineworld said on Thursday that it now expects to emerge from Chapter 11 bankruptcy in July. The second-largest exhibitor in the world had previously targeted to do so “by mid-year.” Cineworld had filed for Chapter 11 bankruptcy protection in September to look for ways to restructure its big debt burden. It then […]
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Cineworld Scraps Plan to Sell Businesses Outside U.S. and U.K.
Cineworld Group, the owner of Regal Cinemas, has revealed that it has decided to scrap plans to sell its businesses outside the U.S., the U.K. and Ireland. The company said on Tuesday that it had received proposals for its so-called “Rest of the World” business, which includes cinema chains in Eastern Europe and Israel, from […]
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Regal to Reopen Former ArcLight Movie Theater in Pasadena
After three long years of being dark, the former ArcLight movie theater at The Paseo outdoor mall in Pasadena will once again welcome patrons. Regal Cinemas said Thursday it has entered into a lease agreement with Onni Group to operate the 14-screen theater, which closed in March 2020 amid the COVID-19 crisis and never reopened […]
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Cineworld Formally Files Reorganization Plan, Targets Emerging From Bankruptcy by Mid-Year
Movie theater giant and Regal owner Cineworld has formally filed its recently unveiled reorganization plan to allow it to emerge from Chapter 11 bankruptcy in the near future, the company said early on Tuesday London time. It said its goal remains to do so by mid-year. The second-largest exhibitor in the world has also been looking at […]
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Movie Theater Chain Stocks Pop on ‘Super Mario Bros.’ Box Office Haul
Share prices for top cinema chains — including AMC Theatres and Imax — have popped in the wake of a strong global box office launch for Illumination and Universal’s Nintendo video game adaptation The Super Mario Bros. Movie. AMC Entertainment Holdings, the parent of AMC Theatres, the biggest movie chain globally, saw its stock rise by 35 […]
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Regal Owner Cineworld Unveils Restructuring Agreement With Lenders to Emerge From Bankruptcy
Movie theater giant Cineworld said early Monday London time that it has struck an agreement with lenders that would see it emerge from Chapter 11 bankruptcy via a restructuring. The company said it still expects to emerge from its Chapter 11 cases during the first half of 2023, even though the process could delay this […]
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