hello, again. we re telling you about the movies before the break. what on earth is going on. the man in the know. here he is. good morning. good morning. we found an announcement from cineworld, major player in this country. they ve got more than 700 sites around the world including 128 in this country. that includes the picture house chain. the company said this morning it s going to be going into administration this. is part of a long-running saga in which the country is essentially being overwhelmed by its debts, which according to a statement in the u.s. came to some 8.8 u.s. billion dollars. it was a business founded really very aggressively on the back of expansion plans and involved a lot of borrowing along the way. however, during the pandemic the company was brought to its knees. no one was allowed to go to the
Cineworld Group PLC on Thursday said it expects to emerge from Chapter 11 proceeding in July and, during its restructuring process, will continue to operate as usual.
The company said its proposed. | May 25, 2023