Loews Cineplex to close 675 screens
North America's second-largest exhibitor Loews Cineplex plans to shutter 675 of its nearly 3,000 screens in North America as it reported a third quarter loss of $185m. The closures represent 23% of its screens in the US and Canada. The company also suggested it will file for bankruptcy protection in the coming days, a decision analysts have been predicting for the past two months.
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