Global cinema chain Cineworld is considering filing for bankruptcy in the US, according to reports.
The Wall Street Journal first reported Cineworld was nearing bankruptcy on Friday following a lag in reported cinema business even after the cessation of pandemic restrictions.
Cineworld, which owns Picturehouse Cinemas in the UK, is the world’s second-largest cinema chain behind AMC Theatres, which revitalized its business on the back of meme stock investors during the pandemic.
