Cineworld, with 9,000 screens worldwide, files for bankruptcy
LONDON, England: UK cinema chain Cineworld Group, the world's second-largest cinema chain operator, has filed for bankruptcy protection in the U.S. due to its multi-billion dollar debt.
The Chapter 11 filing, which allows firms to stay in business while attempting to restructure their debt, involves most of Cineworld's businesses in the U.S., the UK and Jersey.
According to Cineworld, it aims to intended