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Regal Parent Cineworld Expects Bids For Theaters Outside U.S./UK, Says Plan To Exit Chapter 11 Nearly Ready

March 28, 2023 by deadline.com

An attorney for bankrupt movie theater chain Cineworld said today it has “several” interested parties eyeing its business in “rest of world” — meaning Israel and Europe outside the UK — but nothing pending for the entire company, or, it seems for Regal in the U.S. Final bids are due April 10, said Joshua Sussberg of Kirland Ellis. Two strategic suitors potentially were interested in the full company, but the offers were too lowball to consider moving forward with. Meanwhile, he said, a comprehensive restructuring plan is close to being ready as Regal, its lenders and unsecured creditors are “dotting the i’s and crossing the t’s.” Sussberg said he hoped a plan might be filed as soon as Wednesday. A rep for the lenders agreed the sides are close, but he noted that these “are important i’s to dot and t’s to cross.” Cineworld filed for bankruptcy last fall in U.S. District Court in the Southern District of Texas. Judge Marvin Isgur said today he’s sticking with an April … [Read more...] about Regal Parent Cineworld Expects Bids For Theaters Outside U.S./UK, Says Plan To Exit Chapter 11 Nearly Ready

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BFI Systemic Racism Admission Sparks Renewed Calls For Independent Complaints Body

March 29, 2023 by deadline.com

EXCLUSIVE : Marcus Ryder , a figurehead for the Sir Lenny Henry Centre for Media Diversity, has renewed his call for an industry-wide anti-racism body following the British Film Institute’s admission that it mishandled a discrimination complaint . Ryder revealed that high-level industry talks took place earlier this year over establishing an independent arbiter for racism complaints. Ofcom, the UK media regulator, chaired a meeting about the proposal in January, inviting major UK broadcasters and entertainment trade unions, including Bectu. Ryder said the talks had been constructive and there was little objection to the principle of a complaints body, but no formal proposals are currently under consideration. Ofcom said a range of views were shared, but it was not within its remit to impose an anti-racism body on the industry. Instead, Ofcom said it will continue to encourage dialogue on the issue. The talks came before a Film and TV Charity survey of 2,000 screen … [Read more...] about BFI Systemic Racism Admission Sparks Renewed Calls For Independent Complaints Body

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