UNITED KINGDOM: CINEWORLD SIGNED DEAL WITH CREDITORS FOR SURVIVING THEATRE CLOSURES

Highlights:

• The Cineworld of the United Kingdom have made a deal with the creditors for surviving the closures of theatres
• The shares of the Cineworld have been increased by 17 percent in the response to the deal

On Monday, the Cinew...

COVID-19 IMPACT: REGAL CINEMAS, THE SECOND-LARGEST THEATRE CHAIN IN U.S. LIKELY TO SHUT

Highlights

• Regal Cinemas owned by British company Cineworld is considering to close all its 543 theatres in the United States after incurring heavy losses in the period of COVID-19

• Cineworld made a tweet where it wrote that once the decision will be made, they wi...

UK CINEMAS LAUNCH COVID-19 SAFEGUARDING CAMPAIGN

HIGHLIGHTS

• Some cinemas in UK are reopening.
• Due to coronavirus, it is not safe for people to visit cinema halls.
• A campaign urging audiences to return to cinemas has been launched in the UK.
• The campaign intends reassure audienc...

BRITAIN’S CINEWORLD PREPARE ITSELF TO REOPEN SOON AFTER SECURING DEBT

Highlights –

• Cineworld has secured a debt facility of $250 million to reopen theatres.
• It has secured debt from private institutional investors.
• Currently, Cineworld has debt piled up to almost $3.5 billion.
• It also secured...