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CINEWORLD BANKRUPTCY
Spiderman, Ghostbusters now caught in the web of Hollywood strike as Sony to postpone releasesHollywood studios are grappling with the uncertainty created by the ongoing strike by unionized actors. This has led to some studios postpo...- Empire Cinemas chain changes administration; 150 jobs lost and 6 cinemas shut down; Full list hereA restructuring specialist from BDO, appointed as an administrator for Empire Cinemas, stated that the leisure industry has been heavily im...
- Apple and Amazon 'committed' to big screen, says theaters bossThis week's CinemaCon event in Las Vegas, where owners of multiplex chains and arthouse screens gather annually, took place in an optimisti...
- AMC Entertainment shares jump on report Amazon exploring a dealAmazon last year closed its $8.5 billion deal for MGM, adding the company behind "Rocky" and James Bond in a bid to beef up its Prime Video...
- Soon in theatres near you: Movies produced by AppleApple Inc. plans to spend $1 billion a year to produce movies that will be released in theaters, part of an ambitious effort to raise its p...
- 'Triangle of Sadness' director Ruben Ostlund named Cannes Film Festival jury presidentOstlund is a two-time winner of the Palme d'Or at the Cannes Film Festival.
- FTSE 100 posts worst week of the year, Cineworld plunges over 40%Meanwhile, Bank of England (BoE) policymaker Silvana Tenreyro said the impact of energy price shock and time lag effects of monetary polici...
- Crypto meltdown a boon for bankruptcy lawyersLarge law firms can rake in more than $100 million in legal fees during a long-running bankruptcy, experts said. "You've got to pay the gra...
- Movie chain Cineworld files for Chapter 11 bankruptcy“The pandemic was an incredibly difficult time for our business, with the enforced closure of cinemas and huge disruption to film schedules...
- Coming to a theater near you: $3 movie tickets for one day on 'National Cinema Day'Major chains, including AMC and Regal Cinemas, are participating, as are all major film studios.
- The cycle of disruption: As pandemic alters movie-watchers’ habits, multiplex earnings to take a knockThe company that owned the Walkman brand (synonymous with portable music devices) was nowhere to be found by the time Apple’s iTunes became...
- Wall Street ends sharply lower on fears of aggressive FedFocus is on Fed Chair Jerome Powell's speech on Friday at the central banking conference in Jackson Hole for further cues on how aggressive...
- Dow drops 500 points as rate hike worries slam growth stocksThe Dow Jones Industrial Average fell 504 points, or by 1.5%. S&P 500 and Nasdaq Composite dropped 1.79% and 2.20%, respectively.
- European shares climb on signs of waning coronavirus casesThe pan-European STOXX 600 index rose 3.1 per cent to its highest level in nearly a month.
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