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רמה: בינוני

Movie Chain Cineworld Files for Chapter 11 Bankruptcy

מאמר באנגלית לתרגול קריאה. כולל 5 מילים חדשות עם תרגום לעברית, 3 שאלות הבנת הנקרא, 5 שאלות לשיחה. מתאים לרמה בינונית.

Read the article below.

The owner of movie theaters, Cineworld Group LLC, has applied for Chapter 11 bankruptcy protection in the United States as it struggles with massive debt and lower-than-expected moviegoer attendance. According to CEO Mooky Greidinger, “The pandemic was an incredibly difficult time for our business, with the enforced closure of cinemas and a huge disruption to film schedules that has led us to this point.” 

Existing lenders have made commitments to the company and its subsidiaries for a roughly $1.94 billion debtor-in-possession financing facility, which will assist ensure Cineworld's activities continue as usual while it goes through a reorganization. The British company, which runs in ten nations and owns Regal Cinemas in the U.S., stated that its theaters were still "open for business as usual while it looked into ways to reduce its debt.

Without accounting for leasing liabilities, Cineworld has accrued net debt of $4.8 billion. The corporation, which employs roughly 28,000 people, already acknowledged that recent admissions have recently been below expectations. Additionally, it anticipates the lower levels to last until November due to a "limited film slate." That would put even more pressure on its budget. In the first quarter of 2023, Cineworld plans to emerge from Chapter 11.

מילים חדשות מהטקסט

  • Closure /ˈkləʊʒə/ noun סגירת מעגל

    the act of permanently closing a business, factory, etc.

    The closure of the factory left hundreds of men unemployed

  • Disruption /dɪsˈrʌpʃᵊn/ noun הפרעה

    disturbance or problems which interrupt an event, activity, or process

    The strike caused widespread disruption.

  • Reorganization /ˌriːˌɔːɡənaɪˈzeɪʃᵊn/ noun אִרְגוּן מִחָדָשׁ

    the action or process of changing how something is organized

    The company has undergone a major reorganization.

  • Liabilities /ˌlaɪəˈbɪlɪtiz/ noun התחייבויות

    legally binding obligations that are payable to another person or entity

    The company has liabilities to its employees.

  • Accrued /əˈkruːd/ adjective נצבר

    received or accumulated in regular or increasing amounts over time

    The interest accrued over the months.

שאלות לשיחה

אין כאן תשובה נכונה — אלה שאלות לתרגול דיבור, לבד או מול מורה.

  1. What effects has the pandemic had on movie theaters in your country?
  2. How are theater operators dealing with the pandemic?
  3. If a business had recovered from bankruptcy, would you still use its goods or services?
  4. What business industry has been affected by the pandemic the most in your country?
  5. Do you prefer watching movies at home or in movie theaters? Why?

בדקו את עצמכם

3 שאלות. בחרו תשובה וקבלו בדיקה מיד.

  1. Who has applied for Chapter 11 bankruptcy protection in the United States?

  2. How much has accrued net debt of Cineworld?

  3. How many people employ in the corporation?

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