As Regal parent Cineworld prepares to exit Chapter 11 this month, rumors are heating up over who will emerge as the giant theater chain’s new chief executive, with reports Monday pointing to Eduardo Acuna of Cinepolis. Longtime Cineworld CEO Moody Greidinger has a consulting contract during a transition period but isn’t likely to stay in
Mooky Greidinger
Executives of Regal parent Cineworld, led by CEO Mooky Greidinger, have agreed to a payout in the $30 million range, Deadline has confirmed, in the event that they leave leave the company as it prepares to exit Chapter 11. Documents filed earlier this year during ongoing bankruptcy proceedings in the Southern District of Texas indicated
Mooky Greidinger, chief executive of Regal parent Cineworld, of the world’s two biggest chains and currently in the process of emerging from bankruptcy, made an appearance on the Cinemacon stage today saluting Regal employees and giving a shout-out to Lionsgate and Hunger Games. At the last studio presentation of the week, Lionsgate rolled out the
Further to its April 3 announcement that it had reached a conditional agreement with lenders to emerge from Chapter 11, Regal owner Cineworld today submitted its reorganization plan to the U.S. Bankruptcy Court for the Southern District of Texas. In a filing to the London Stock Exchange where its shares are traded, the exhibition giant
Regal owner Cineworld has entered into a restructuring support agreement and a backstop commitment agreement with lenders that will, if approved, see it emerge from bankruptcy. The exhibition giant also noted today that it has received non-binding proposals for some or all of the group’s assets but determined that absent an all-cash bid significantly in
Bankrupt Regal parent Cineworld said it had multiple bids for all or some of its assets in initial expressions of interest due last week. Its business includes Regal in the U.S.; Cineworld and Picturehouse in the UK and Ireland; and “rest of world” cinemas in Central and Eastern Europe, and Israel. Cineworld attorney Joshua Sussberg
Ailing exhibition giant Cineworld Group, which is currently finalizing a reorganization plan having filed for Chapter 11 bankruptcy in the U.S. earlier this month, has released encouraging interim results for the six months to June 30, 2022. Overall revenue rose to $1.5b against $292.8m in the same period in 2021, for an adjusted EBITDA of
Cineworld and its CEO, Mooky Greidinger, have been found guilty by an Israeli court of infringing merger conditions dating back to 2010 over the supply of films to a movie theater in Tel Aviv. A suit brought by the local competition authority argued that Cineworld’s local distributor, Forum Film, did not provide eight movies over
Editor’s note: Mooky Greidinger is CEO of the world’s second-largest exhibitor, Cineworld, which also owns Regal in the U.S. A staunch supporter of the theatrical experience, Greidinger grew up in the industry and is avowedly passionate about the movie business. But as Oscars weekend arrives, he is confounded by the Academy of Motion Picture Arts
Exhibition giant Cineworld reported its full-year 2021 earnings this morning in London, showing sharply narrowed losses and vastly improved revenues versus 2020. CEO Mooky Greidinger is bullish on the the outlook for the world’s second-largest exhibitor which also owns Regal in the U.S., as the company predicts admissions in 2022 could reach 85% of the
Refresh for latest…: Cineworld Group, the world’s second-largest exhibitor and owner of Regal in the U.S., saw significant improvement in 2021 versus 2020, as revenues rose by nearly 112% to $1.805 billion, the company said this morning as it reported full-year results in London. Operating profit also rebounded, reaching $15.8 million, up from a 2020