Cineworld to file for administration as part of restructuring plan

Cineworld is set to file for administration as a part of its financial restructuring plan and is reportedly lining up AlixPartners to act as administrator. More from Yahoo News.

Meanwhile, the company’s CEO Mooky Greidinger and his top management team will be paid up to $35 million combined to leave the British cinema operator after it emerges from Chapter 11 protection. More from Reuters.