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    Given they have filed for Chapter 11, I do not see it as an immediate threat to their cinemas in the UK.

    The likelihood is that they will either successfully renegotiate/restructure their debt with their lenders and/or sell off underperforming assets. Those assets sold off will be sold on a going concern basis and the purchasers will be looking to run them.

    The only worry is if they are unable to satisfactorily reschedule/restructure their debt and get forced into Chapter 7 bankruptcy, then all bets are off and they will likely fire sale assets/foreclose on leases etc.

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