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.
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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