Cineworld, the World’s Second-Largest Movie Theater Chain, Files for Bankruptcy

Cineworld, the World’s Second-Largest Movie Theater Chain, Files for Bankruptcy
People walk past a Cineworld in Leicester Square during the COVID-19 outbreak in London, on Oct. 4, 2020. Henry Nicholls/Reuters
Bryan Jung
Updated:
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Cineworld, the world’s second-largest movie theater chain, filed for bankruptcy protection in the United States on Sept. 7, after facing low audience numbers post-pandemic and massive debts.

The United Kingdom-based cinema operator filed for a Chapter 11 filing to allow it time to restructure its debt and maintain operations, which will cover its U.S., U.K., and Jersey operations, where most of its business is located.

Bryan Jung
Bryan Jung
Author
Bryan S. Jung is a native and resident of New York City with a background in politics and the legal industry. He graduated from Binghamton University.
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