Regal Cinemas owner Cineworld will not break up group and denies talks with AMC

Regal-owner Cineworld, the world’s second largest movie theater operator, has denied reports that it has been in talks with AMC, the world’s largest movie theater group, regarding the sale of its assets. Cineworld added that it intends to sell the group in its entirety, rather than break it up.

After Cineworld sought bankruptcy protection by entering Chapter 11 on Sept. 7, it has been in talks with “key stakeholders” to develop a reorganization plan that seeks to “maximise value for the benefit of moviegoers and all other stakeholders,” it said. Those discussions remain ongoing.

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Regal-Owner Cineworld Will Not Break Up Group, Denies Talks With AMCRegal-owner Cineworld, the world’s second largest movie theater operator, has denied reports that it has been in talks with AMC, the world’s largest movie theater group, regarding the sale of its a… right move to not talk to amc, but the fact that they won’t try to work to make some cash & sell off assets individually is really dumb
Source: Variety - 🏆 108. / 63 Read more »

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