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In the 1990s, Cinemark Theatres was one of the first chains to incorporate stadium-style seating into their theatres. [25] In 1997, several disabled individuals filed a lawsuit against Cinemark, alleging that their stadium style seats forced patrons who used wheelchairs to sit in the front row of the theatre, effectively rendering them unable to see the screen without assuming a horizontal ...
Rave Cinemas, formerly known as "Rave Motion Pictures", is a movie theater brand founded in 1999 and owned by Cinemark Theatres.It previously was headed by Thomas W. Stephenson, Jr., former CEO of Hollywood Theaters, and Rolando B. Rodriguez, former Vice President and Regional General Manager for Walmart in Illinois and northern Indiana.
On April 19, 2020, Neiman Marcus announced that it would file for bankruptcy. [220] The luxury chain filed for Chapter 11 bankruptcy in the Southern Court of Texas in May 2020. [221] New York & Company shuttered all of its stores by late summer 2020 as a result of its parent company, RTW Retailwinds, filing for bankruptcy. [222]
This high-end beauty brand's U.S. division filed for Chapter 11 bankruptcy protection at the end of January, citing crushing rent obligations in light of COVID-19's drag on sales. The chain had ...
He and others said Cineworld is eyeing bankruptcy because it way over-levered its balance sheet with Regal, which it acquired in 2017 for $3.6 billion – meaning this is sort of company specific ...
Pacific Theatres was an American chain of movie theaters in the Los Angeles metropolitan area of California. Pacific Theatres was owned by The Decurion Corporation which also owned and operated ArcLight Cinemas. In 2008, it sold its store locations in San Diego to Reading Cinemas.
Of course, filing for bankruptcy doesn’t necessarily mean a business is going bust. Companies tend to use the Chapter 11 process to wind down some operations, tackle mounting debt and save on ...
National CineMedia, Inc. (NCM) is an American cinema advertising company.NCM displays ads to U.S. consumers in movie theaters, online and through mobile technology. NCM presents cinema advertising across a digital in-theater network, consisting of theaters owned by AMC Theatres, Cinemark Theatres, Regal Cinemas and other regional theater circuits.