London CNN —The owner of Regal cinemas announced Tuesday that it had emerged from Chapter 11 bankruptcy after slashing billions off its debts, just as smash hits “Barbie” and “Oppenheimer” give the movie theater industry a much-needed lift.
“Cineworld is ready and fully able to succeed in this dynamic and constantly changing movie theater industry,” chairman Eric Foss said in a statement.
(Warner Bros., like CNN, is owned by Warner Bros.
Cineworld struggled to stay afloat during the pandemic, when it, along with other cinema chains, was forced to close its movie theaters worldwide.
But whether the summer blockbusters will translate into a sustained revival for movie theaters remains to be seen.
Persons:
Barbie ”, “ Oppenheimer ”, Eric Foss, Eduardo Acuna, Cineworld “, ”, Ann Sarnoff, Cineworld, Barbie, “ Oppenheimer, Disney’s “ Indiana Jones
Organizations:
London CNN, Regal, AMC, Cinepolis, Warner Bros, CNN, Warner Bros ., Universal Studios, Hollywood
Locations:
Cinepolis Americas, United States, ”, Disney’s