39. Cineworld

How Many Stores Closing: Up to 120

Current Value of the Business: $1.805 billion* (2021 Revenue)

Cineworld, stationed in London, stands as the globe’s second-largest cinema chain with a presence in ten countries and over 9,000 screens. In 2022, they filed for bankruptcy in a Texas district court, marking a significant downturn.

Following its bankruptcy declaration, Cineworld aimed to terminate 120 theater leases across America. The court sanctioned the closure of 47 locations to date, affecting states like California, Nevada, Missouri, Ohio, among others, signaling a wave of upcoming closures.