Cineworld ‘considering US bankruptcy filing’
![Cineworld ‘considering US bankruptcy filing’ Cineworld ‘considering US bankruptcy filing’](https://the-media-leader.com/wp-content/uploads/2022/01/Cinema-resized.jpg)
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.
The consideration comes despite optimism that blockbuster films were driving a strong return of audiences to cinemas.
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.