https://finance.yahoo.com/news/uks-cine ... 09148.html
Reuters
Cineworld shares slump on report Regal-owner is preparing bankruptcy filing
Fri, August 19, 2022 at 8:30 AM·2 min read
(Reuters) -Cineworld Group, the world's second largest cinema chain operator, is preparing to file for bankruptcy, the Wall Street Journal reported on Friday, just days after warning that a lack of blockbusters would hit its liquidity in the near term.
Cineworld declined to comment on the WSJ report.
I think the lack of continuous big hit movies this summer has definitely harmed the theater business, combined with many movies going direct to streaming.