Cineworld ‘considering US bankruptcy filing’

Cineworld ‘considering US bankruptcy filing’
News in brief

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.

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