'We have a strong liquidity position and a flexible business model, so we can kind of maneuver and navigate changes in the exhibition landscape from that point of view,' says Natasha Fernandes at an investor event.
After a strong summer box office run, theater chains have been girding themselves for a slow down this fall amid a lack of studio tentpoles. And the disclosure that debt-laden Regal owner Cineworld is beginning Chapter 11 bankruptcy proceedings has ricocheted across the global theatrical industry.
has a longstanding, great partnership with them,” said Imax CFO Natasha Fernandes at the Bank of America Media, Communications and Entertainment Conference on Wednesday, when asked about Cineworld’s bankruptcy proceedings. The exec added: “We have a strong liquidity position and a flexible business model, so we can kind of maneuver and navigate changes in the exhibition landscape from that point of view.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Regal Cinemas Parent Cineworld Files for Chapter 11 BankruptcyRegal Cinemas' parent company, Cineworld, is filing for Chapter 11 Bankruptcy. Not too long ago [...]
Read more »
Regal Cinemas’ parent company Cineworld files for Chapter 11 bankruptcyMovie theater operator Cineworld Group LLC, owner of Regal Cinemas, has filed for Chapter 11 bankruptcy protection in the U.S. as it deals with billions of dollars in debt and lower-than-expected attendance at screenings.
Read more »
Florence Pugh and Chris Pine Skipping NYC 'Don't Worry Darling' EventFlorence Pugh and Chris Pine won’t be in attendance at the New York City Q&A for their new film ‘Don’t Worry Darling.’
Read more »
Bed Bath & Beyond taps chief accounting officer as interim CFOBed Bath & Beyond has tapped its chief accounting officer as interim CFO after its former executive died on Friday.
Read more »
Cineworld Files for Chapter 11 After Sluggish Ticket SalesCineworld filed for bankruptcy, saddled with more than $5 billion in debt. The world's second largest movie theater chain never fully recovered after closing its theaters during the pandemic.
Read more »
Bitcoin Is on Verge of Further Downfall, But S&P 500 May Save ItCurrent position of the S&P500 could be a ray of hope for Bitcoin spx cryptocurrencies crypto btc fed $btc $spx
Read more »