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Cineworld Isn’t in Talks With AMC Entertainment Holdings
Entertainment

Cineworld Isn’t in Talks With AMC Entertainment Holdings

By Ian Walker Cineworld Group PLC said Tuesday that neither the company nor its advisors are in talks with AMC Entertainment Holdings Inc. regarding the sale of its cinema assets. The London-based cinema company--which owns Regal Cinemas--added that it has been in talks with its key stakeholders since September to develop a Chapter 11 reorganization plan to maximize value for moviegoers and other stakeholders. Alongside these talks--which are continuing--the company plans to run a marketing process for its assets, focused on the group as a whole. However, the company hasn't started any process for the sale of its assets on an individual basis or the sale of Cineworld itself, it said. In a securities filing on Dec. 21 AMC said it had held discussions regarding ...