Monday, May 20, 2024

Mooky Greidinger, CEO of Regal Parent Cineworld, On CinemaCon Stage – Deadline

Mooky Greidinger, CEO of Regal parent Cineworld, the world’s two largest chains and currently in the process of emerging from bankruptcy, appeared on the Cinemacon stage today greeting Regal employees and giving a shout out to Lionsgate and The Hunger Games.

At its final studio presentation of the week, Lionsgate released the first trailer for The Hunger Games: The Ballad of Songbirds and Snakesa prequel that is the latest in the franchise.

Exhibitors have long served as distributors in smaller territories, Greidinger noted, as Cineworld has done with Lionsgate films in Israel and Eastern Europe — including The Hunger Games.

“About 12 years ago, I got a call from our distribution manger and she says, I just got off the phone with Lionsgate” and the studio had a new project, three films based on the book series by Suzanne Collins. He had never heard of them. “I said, ‘I trust Joe [Drake].’ I really have a great history with him. But who knows if people read the book in Israel? She went out, bought the book and said she couldn’t put it down.” Drake is currently the chairman of Lionsgate Motion Picture Group.

Greidinger also thanked those who run the theaters every day, from the managers on down. “If the teams greeting customers aren’t friendly and don’t take care of any issues that come up, it can really spoil the experience. I want to salute the team in every cinema in the world, not just in the United States. And especially our team, the Regal management team. I make a great appeal to you.”

Cineworld filed for Chapter 11 last fall. It recently filed its restructuring plan with the U.S. Bankruptcy Court for the Southern District of Texas, backed by a majority of debt holders, which it hopes will be approved by the judge and allow it to emerge this summer. It is not clear that Greidinger will remain at the helm of the giant chain, which filed for Chapter 11 after Covid, with high debt, no cash cushion and a slow-to-recover coffers. The restructuring plan calls for the company to raise $2.6 billion, including a senior secured loan of $1.46 billion and the issuance of new common stock for $800 million.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Most Popular

Recent Comments

HomeReviews FilmsMooky Greidinger, CEO of Regal Parent Cineworld, On CinemaCon Stage – Deadline

Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film Chinese Film