Cineworld has confirmed it is considering filing for bankruptcy in the US, as the cinema chain continues to struggle with $5bn worth of debt. Many theatres were forced to close for extended periods during the lockdowns, or had to operate at a reduced capacity due to social distancing rules. Cinema chains have also been facing tough competition from streaming services, which soared in popularity during the lockdowns. Cineworld currently has a market value of around $69m but is carrying close to $5bn of debt. Do you think that anyone who loses a job need to be well compensated to start a new life ?
