The owner of Regal Cinemas is having a tough time — its stock crashed as much as 80% Friday after reports that its parent company is preparing to file for bankruptcy.
is having a tough timeits stock crashed as much as 80% Friday after reports that its parent company is preparing to file for bankruptcy.
Earlier this week, Cineworld said in a press release that, despite a “gradual recovery of demand” since last spring, admissions were below expectations.for the lack of moviegoers, a situation it expects to continue until the end of November.
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Regal Cinemas owner Cineworld Group prepares to file for bankruptcy after stock crashThe world's second-biggest movie theater chain is in trouble.
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Regal Cinemas owner Cineworld Group prepares to file for bankruptcy after stock crashThe world's second-biggest movie theater chain is in trouble.
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