Cineworld Group PLC

Cineworld, which operates 9,000 theatres in 10 countries, has warned that a lack of blockbusters is hurting admissions.Geography Photos | Universal Images Group | Getty ImagesLONDON — Shares of British cinema chain Cineworld Group plunged Friday on reports that it is preparing to file for bankruptcy after failing to entice viewers back to movie theatres following a pandemic lull.The stock was down around 63% in mid-afternoon trade in London, up just slightly from earlier Friday, when it hit a record low of 1.8 pence per…

Niraj Shah, CEO, WayfairAshlee Espinal | CNBCCheck out the companies making headlines in midday trading.Foot Locker — The retail stock surged more than 20% after it appointed former Ulta Beauty head Mary Dillon as its chief executive officer, replacing Richard Johnson. Foot Locker also reported a smaller-than-expected drop in comparable sales for the second quarter and profit that was above estimates.Bill.com — Shares soared 14% after the financial back-office software provider surpassed earnings expectations in its most…

Movie theaters across the U.S. and worldwide were dealt a massive blow over the past two years.The domestic box-office numbers plummeted from 2019's box office of $11.15 billion to $3.8 billion in 2021. That's mainly due to the Covid-19 pandemic, which kept people in their homes.Film studios scrambled to reshuffle movie release dates and secure deals for other distribution avenues, and movies intended for the big screen ended up on streaming sites.As the pandemic escalated, film studios tried solidifying their streaming…