Cineworld filed for chapter 11 bankruptcy cases in the US on Wednesday with approximately $1.94 billion in debtor-in-possession financing commitments to “facilitate a significant de-leveraging transaction and position [the] company for long-term growth.” The announcement follows a difficult couple of years for the company, after two years of Covid lockdowns along with a failure to […]

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Cineworld shares gained 3.9% to 4.23p in early morning trading on Monday, despite confirmation the company was considering bankruptcy proceedings. The popular cinema chain announced it was currently searching for options to salvage the company, and were evaluating avenues to obtain additional liquidity and potentially restructure its balance sheet via a comprehensive deleveraging transaction. Cineworld […]

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Shares at the world’s second-largest cinema chain, Cineworld (LON:CINE), have rocketed more than 22% on the back of the news that the firm has secured waivers for its debt deadlines until June 2022 and £336 million in new loans to help see it through the remainder of the pandemic. Last week, Cineworld shares took a […]

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Shares at British cinema chain Cineworld (LON:CINE) have been something of a horror show on Thursday, falling almost 7% as the firm reportedly considers launching a CVA amid ongoing financial difficulties. A CVA – an insolvency procedure common among businesses seeking to cut costs – would help to take the pressure off of Cineworld’s mounting […]

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With the likes of Amazon, Netflix and Disney Plus hungrily vying for viewers’ attention, the recent announcement that the next instalment of James Bond will now be delayed until April 2021, could well be the final nail in the coffin for ailing cinemas. Odeon (LON:ODE.F), Vue, and Cineworld (LON:CINE) have all posted reflecting what has […]

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Ailing cinema giant Cineworld (LON:UK) watched its shares slide as it posted its results for an extremely challenging six months of trading. With attendance greatly hampered by lockdown and a lack of new releases thereafter, the company saw revenues fall year-on-year by 66.9% for the six months ended 30 June, down from $2.15 billion, to […]

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Speaking to Third Bridge’s Senior Sector Analyst, Harry Barnick, we were able to pinpoint the three main challenges cinema giant Cineworld (LON:CINE) will face going forwards, ahead of the publication of its results on Thursday. Not able to get people to the box office First, Mr Barnick points to cinema attendance, limited by both health […]

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British cinema chain Cineworld (LON:CINE) has seen its share price soar more than 30% on Tuesday after a landmark US court decision to lift the Paramount Decree – a sweeping anti-trust law which banned private Hollywood studios from being able to own theatres. What was the Paramount Decree? Essentially an extension of the 1890 Sherman […]

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Cineworld Group plc (LON:CINE) has announced that it will postpone the reopening of its UK and US cinemas until 31st of July, citing a lack in new film releases. The company had previously stated that all of its transatlantic sites would be able to open from the 10th of July. In a company statement, Cineworld […]

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Everyman Media Group (LON:EMAN) announced that it would be reopening its venues from the 4th of July, in line with the government’s permitted reopening of restaurants, bars and cinemas. The company said that it will reopen the entirety of its venues throughout the month. The relaunch will begin on July 4th, but the group said […]

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The world’s second largest cinema chain Cineworld (LON:CINE) saw its share price bounce over 4% on Tuesday, as it announced its anticipated reopening dates for cinemas across its international operations. The company said that with big box office candidates such as Mulan and Tenet being confirmed for release in the coming weeks, it was pleased […]

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Cineworld Group plc (LON:CINE) shares have descended into free fall on Thursday, as the firm gave shareholders a disappointing update. Shares in Cineworld trade at 49p (-44.13%). 12/3/20 11:41BST. The firm noted that it had successfully launched its’ Unlimited Program in the US – which had generated positive impact on cash flow, market share and […]

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Cinema chain Cineworld Group Plc (LON:CINE) has predicted a 7.2% full-year jump in revenues, on-year, with strong performance in the US market on the back of a series of box office big-sellers in 2018. For the year to 31st of December 2018, the firm said that it expected to report revenue growth of 7.2% across […]

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