Learn English: iPic Movie Theaters Seek Bankruptcy Protection (hard)

2 days, 3 hours ago

iPic Movie Theaters Seek Bankruptcy Protection

iPic, a fancy movie theater chain, has filed for bankruptcy protection.

The company hopes to sell its valuable assets to continue operating.

Difficulties after the pandemic have greatly impacted the movie theater business.

This decision will unfortunately lead to permanent closures of some locations.

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Source

Original: Los Angeles Times

Tags

#bankruptcy #movie theaters #iPic #business #entertainment

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