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Cineworld Secures $450M Debt Facility; New Measures To Generate Over $750M In Extra Liquidity For Regal Owner
In a major sign of confidence in the future of theatrical moviegoing, Cineworld Group, the world's second largest exhibitor and owner of Regal in the U.S., has secured significant additional liquidity that will help ensure its future despite ongoing challenges created by the COVID-19 pandemic. This includes a new debt…
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2 Comments Comment on Cineworld Secures $450M Debt Facility; New Measures To Generate Over $750M In Extra Liquidity For Regal Owner
Cineworld’s Mooky Greidinger Urges UK Prime Minister: “Save Cinemas To Avert Job Losses And A Cultural Blackout… Now Is No Time To Die”; Proposes Three-Point Support Plan
With Cineworld and Picturehouse cinemas temporarily closed in the UK from this past Friday, Cineworld Group CEO Mooky Greidinger has written to UK Prime Minister Boris Johnson asking the government to reinstate the furlough program that benefited employees under the exhibition giant's previous COVID-imposed closure…
Cineworld Boss Mooky Greidinger Says Decision To Close U.S. & UK Cinemas Was Spurred By NY Governor Andrew Cuomo’s “Inflexibility”
EXCLUSIVE: Cineworld Group, the world’s second biggest exhibition chain, today announced plans to temporarily close its Regal movie theaters in the U.S. and its Cineworld and Picturehouse sites in the UK as coronavirus wreaks havoc with the industry. Cineworld CEO Mooky Greidinger tells Deadline the decision primarily…
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Cineworld Boss Mooky Greidinger On Regal’s “Encouraging” U.S. Reopening, Hopes For ‘Tenet’ & Why Theatrical Shall Endure – Q&A
EXCLUSIVE: After being closed for over five months, Cineworld reopened about 200 of its Regal Cinemas in the U.S. this past weekend. Health and safety measures — which required an investment in the millions across the parent company's full estate — were part of the equation, and the response from audiences was…
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Cineworld Confirms July Re-Opening Of All Movie Theaters, Sets Dates For U.S., UK & More
Regal Entertainment owner Cineworld Group has confirmed it will re-open cinemas in some of its markets during the last week of June, with all theaters expected to be back online during the course of July. Cineworld chief Mooky Greidinger had previously told Deadline he expected a late June/early July start back to…
Regal Owner Cineworld Chimes In On ‘Trolls World Tour’ Controversy: “We Will Not Be Showing Movies That Fail To Respect The Windows”
EXCLUSIVE: Following yesterday’s flurry of dramatic exchanges involving AMC, the National Association of Theatre Owners and Universal, Regal Entertainment owner Cineworld Group has now added its voice to the chorus of windows controversy surrounding Trolls World Tour. The world’s second biggest circuit says its policy…
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Cineworld Boss Mooky Greidinger On Coronavirus Impact, Staying Optimistic & Why Overseas Markets Will Need Domestic To Open Before Ramping Into Action
EXCLUSIVE: As movie theaters have shuttered around the globe due to the ongoing coronavirus pandemic, exhibition is among the front line of industry sectors feeling the crisis. Cineworld Group, which owns Regal Entertainment in the U.S. and is the world's second biggest circuit, has faced challenges recently…
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Cineworld: Worst Case Coronavirus Scenario Could Spell Debt Breach, But Exhibition Giant Says “Stands On Solid Ground”
Regal Entertainment owner Cineworld Group reported solid preliminary results for the full year ended December 31, 2019 this morning in London. But focus was primarily on the potential impact from the coronavirus on the world’s second largest exhibitor. So far it has been "minimal," but the "uncertainty of the future”…
Cineworld Boss Mooky Greidinger Talks $2.1B Cineplex Deal, Says Unlimited Subscription Service Will Expand To Canada
EXCLUSIVE: Cineworld CEO Mooky Greidinger is in a bullish mood after this morning's announcement that the exhibition giant is poised to acquire Canada's Cineplex, creating North America’s largest movie theater circuit when combined with Cineworld’s Regal Cinemas.
The proposed $2.1 billion deal will add Cineplex's 165…
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Cineworld To Acquire Canada’s Cineplex In $2.1B Deal, Making Regal North America’s Largest Exhibition Circuit
UPDATE with additional detail on investor call, 05:10 AM PST Monday December 16.
PREVIOUS STORY, 23:34 PM PST Sunday December 15: Exhibition giant Cineworld, which acquired U.S. chain Regal Cinemas in 2018 for $3.6B, is adding another group to its portfolio with a proposed $2.1B (C$2.8B) purchase of Canada’s Cineplex…
Regal Unlimited Movie Ticket Subscription Program Welcomed Beyond Expectations, Says Cineworld Boss Mooky Greidinger
Exhibition giant Cineworld, which acquired U.S. chain Regal Cinemas in 2018 for $3.6B, reported a decrease in half-year results this morning out of London. An anticipated drop, it hasn’t diminished CEO and veteran exhibitor Mooky Greidinger’s bright outlook for the second semester while he’s also bullish on the…
Cineworld Chief Mooky Greidinger On Regal, Windows, ‘The Irishman’ & Unlimited International Potential – CinemaCon Q&A
EXCLUSIVE: In 2018, Mooky Greidinger's Cineworld completed its acquisition of U.S. chain Regal Cinemas, becoming the globe's second-largest exhibitor. Now a little more than a year into the $3.6B deal, Greidinger sat down with Deadline to update us on the status of operations both domestically and internationally, as…
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