The world's second-biggest movie theater chain is in trouble.
Who owns Regal Cinemas? Movie theater chain owner Cineworld Group is preparing to file for bankruptcy after its stock price dropped significantly.
The company blamed a limited roster of films for the lack of moviegoers, a situation it expects to continue until the end of November. Cineworld has struggled to stay afloat during the pandemic, when it was forced to close its movie theaters worldwide. It suffered a $2.7 billion loss in 2020, and $566 million loss in 2021.
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Regal Cinemas owner Cineworld Group prepares to file for bankruptcy after stock crashThe world's second-biggest movie theater chain is in trouble.
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WSJ News Exclusive | Regal Cinemas Owner Cineworld Prepares for Bankruptcy FilingThe owner of Regal Cinemas is preparing to file for bankruptcy, people familiar with the matter say. Cineworld is the world’s second-largest cinema chain.
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