Movie fans have been trickling back to the cinema after the pandemic upheaval, but the financial pain has intensified for some of the largest theater-industry players.
Cineworld Group PLC, the bankrupt owner of Regal Cinemas, said last week that it has terminated its effort to sell the whole business after failing to attract adequate offers and is moving forward on a plan to transfer ownership to its lenders. AMC Entertainment Holdings Inc., which had a market capitalization of more than $31 billion at the zenith of its meme-stock…
Movie fans have been trickling back to the cinema after the pandemic upheaval, but the financial pain has intensified for some of the largest theater-industry players.
Cineworld Group PLC, the bankrupt owner of Regal Cinemas, said last week that it has terminated its effort to sell the whole business after failing to attract adequate offers and is moving forward on a plan to transfer ownership to its lenders. AMC Entertainment Holdings Inc., which had a market capitalization of more than $31 billion at the zenith of its meme-stock…