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Hollywood faces financial peril, in ‘dire need of restructuring,’ analysts say

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Bill Tompkins/Getty Images

The movie industry’s recovery from the COVID-19 pandemic has been significantly slower than experts expected.

Signs of Hollywood’s post-COVID struggles are visible throughout the industry. Studios are releasing far fewer movies than they were before pandemic. Cineworld — the owner of Regal Cinemas, one of the biggest theater chains in the country — is preparing to file for bankruptcy. Earlier this month, Cineworld reported that it is "evaluating various strategic options" in response to slowing attendance.

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