Kathmandu,

August 24,

Cineworld, the second largest movie theater chain in the world, and owner of Regal Cinemas in the U.S., is considering bankruptcy.

The world’s second-largest cinema chain has struggled after failing to experience a quick enough recovery in the wake of the Covid-19 outbreak, which forced most of its sites to close during lockdowns. It reported a $708m (£598m) loss last year, and accumulated $4.8bn (£4bn) in debts while cinemas were shut.