Regal parent Cineworld has officially emerged from bankruptcy, unveiling five new board members and a strengthened balance sheet. The chain, which was flattened by Covid and high debt, filed for Chapter 11 in the Southern District of Texas last September. It exits today having reduced that debt by about $4.53 billion and raised $800 million
Ann Sarnoff
Donna Langley, chairman of Universal Filmed Entertainment Group, and Ann Sarnoff, chair and CEO of Warner Bros had the same reaction Thursday when asked if their companies had any interest in buying movie theaters. They laughed. “We have no plans to do that currently,” Langley said, appearing with Sarnoff and CBS CEO George Cheeks on
It’s a big Labor Day weekend for Ann Sarnoff at WarnerMedia. She recently celebrated her first year anniversary as the first woman to oversee Warner Bros in its 97-year history on August 22 (coincidentally on the same day as the studio’s DC FanDome day, which drew 22 million global visitors), and she heads into a