British cinema operator Cineworld recently announced that it has secured a $250mn debt facility from a clutch of private institutional investors. The recent funding is expected to help the cinema operator to prepare for reopening of theatres following the easing of coronavirus-led lockdowns globally. The funding is also significant for the company as it had…
Online ticket booking platform BookMyShow has recently downsized its employee count across offices in India and international markets. The downsizing exercise reportedly impacted about 18% of its workforce or 270 employees. The recent development at the company comes at a time when entertainment businesses like Cinemas, theater and cultural events have to come to a…