![WSJ News Exclusive | Regal Owner Cineworld Nears Bankruptcy as Theater Comeback Lags WSJ News Exclusive | Regal Owner Cineworld Nears Bankruptcy as Theater Comeback Lags](https://morningtopnews.com/wp-content/uploads/2022/08/1660948727_social-768x384.jpeg)
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Cineworld Group PLC, the owner of Regal Cinemas, is preparing to file for bankruptcy within weeks after struggling to rebuild movie-theater attendance from pandemic lows, according to people familiar with the matter.
The London-based cinema company has engaged lawyers from Kirkland & Ellis LLP and consultants from AlixPartners to advise on the bankruptcy process, these people said. Cineworld is expected to file a chapter 11 petition in the U.S. and is also considering filing an insolvency proceeding in the U.K., they said.
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