Editing Cineworld (section)

=== Bankruptcy ===
The release of ''No Time to Die'' in October 2021 took Cineworld's monthly revenues in the UK and Ireland up to 127% of October 2019's levels.<ref name="Sweney">{{Cite web|last=Sweney|first=Mark|date=14 January 2022|title=''Spider-Man'' drives Cineworld revenues to near pre-pandemic levels|url=https://www.theguardian.com/business/2022/jan/14/spider-man-drives-cineworld-revenues-to-near-pre-pandemic-levels|url-status=live|access-date=14 January 2022|website=[[The Guardian]]|language=en|archive-url=https://web.archive.org/web/20220114113652/https://www.theguardian.com/business/2022/jan/14/spider-man-drives-cineworld-revenues-to-near-pre-pandemic-levels |archive-date=14 January 2022 }}</ref> In December, Cineworld's 2021 global revenue reached 88% of 2019's yearly intake. Cineworld credited this to the success of ''[[Spider-Man: No Way Home]]'', the only film to have made more than $1.5 billion globally since the pandemic began.<ref name="Sweney" />

Before the pandemic, Cineworld had a [[share price]] of £1.97, which had fallen to 20p by mid-August 2022.<ref>{{Cite web |date=19 August 2022 |title=Cineworld preparing to file for bankruptcy after pandemic rout |url=https://www.theguardian.com/business/2022/aug/19/cineworld-preparing-to-file-for-bankruptcy-following-pandemic-rout |access-date=19 August 2022 |website=[[The Guardian]] |language=en}}</ref> That August, the ''[[Wall Street Journal]]'' reported that Cineworld was considering filing insolvency proceedings in the UK after struggling to rebuild attendance and incurring debts of more than $4.8 billion (£4 billion) following the pandemic.<ref>{{Cite news |last=Gladstone |first=Alexander |date=19 August 2022 |title=Regal Cinemas Owner Cineworld Prepares for Bankruptcy Filing |language=en-US |work=[[Wall Street Journal]] |url=https://www.wsj.com/articles/regal-cinemas-owner-cineworld-prepares-for-bankruptcy-filing-11660910944 |access-date=19 August 2022 |issn=0099-9660}}</ref> On 7 September 2022, Cineworld filed for [[Chapter 11, Title 11, United States Code|Chapter 11]] bankruptcy.<ref name="Bankruptcy">{{cite news|last1=Goldsmith|first1=Jill|last2=Tartaglione|first2=Nancy|title=Regal Parent Cineworld Files For Bankruptcy|url=https://deadline.com/2022/09/regal-parent-cineworld-bankruptcy-1235110071/|work=Deadline|date=7 September 2022}}</ref>

In April 2023, Cineworld's stock price plummeted by 30% due to their plan to discontinue the sale of their business in the UK, US, and Ireland. This decision was made because of the company's inability to find a buyer. Cineworld said it was also open to offers for the purchase of its business in regions other than the aforementioned areas. It announced that it plans to secure funding of $2.26 billion and that it had entered into an agreement with its creditors to restructure its debt and come up with strategies to exit bankruptcy.<ref name="bbcapril2023">{{Cite news|url=https://www.bbc.com/news/business-65159744 |title=Cineworld drops sale of UK and US businesses after failing to find buyer |work=BBC|date=3 April 2023|access-date=4 April 2023}}</ref>

In July 2023, Cineworld announced that its chief executive, [[Mooky Greidinger]], would be stepping down. The company's lenders appointed Eduardo Acuna, an executive at [[Cinépolis]], to take his place.<ref>{{Cite news |last=Jones |first=Callum |date=14 July 2023 |title=New boss to lead Cineworld out of bankruptcy as family step aside |newspaper=[[The Times]] |language=en |url=https://www.thetimes.com/culture/film/article/new-boss-to-lead-cineworld-out-of-bankruptcy-as-family-step-aside-dlqgbd7jb |access-date=15 July 2023 |issn=0140-0460}}</ref> On 31 July 2023, Cineworld entered administration in the UK.<ref>{{Cite web|url=https://deadline.com/2023/07/cineworld-uk-administration-restructuring-plan-1235424473/|title=Cineworld enters administration|date=31 July 2023|access-date=3 August 2023|website=Deadline|language=en}}</ref> That same day, Cineworld emerged from Chapter 11 bankruptcy after slashing billions of dollars in debt and the much-needed boost from the [[Barbenheimer]] box office success.<ref>{{Cite web|url=https://www.cnn.com/2023/08/01/business/cineworld-regal-exits-bankruptcy/index.html|title=Cineworld exits bankruptcy|date=31 July 2023|access-date=3 August 2023|website=CNN|language=en}}</ref>