Getting indie films to work in theaters is harder than ever, but online distribution means more arthouse films are getting made than ever before. 'There are just so many more ways now to finance and monetize these movies.'
The world’s second-largest movie theater chain, London-based Cineworld operates in 10 countries, with 747 theaters and more than 9,000 screens worldwide. In addition to the Regal cinema chain, its subsidiaries include the U.K.
’s Cineworld and Picturehouse venues. The COVID-19 pandemic hit Cineworld the hardest of any of the big theater chains. The group recorded a $3 billion loss in 2020, a further $708 million pre-tax loss last year and was carrying more than $4.8 billion in net debt.
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