Might I also add that it is also totally avoidable? I have little doubt that, debt or not, Cineworld could survive if the rents it pays were to be reduced. But, once more, I suspect that landlord inflexibility will not be available in this case. It is the rentier who is destroying our economy and much of our way of life in the post-Covid world. And it is the landlord, with the banker, who will be destroying jobs. We need to remember that.
Snippa is trenchant as ever. Oh, and perhaps not entirely and wholly correct in each and every detail:
Cineworld is among a raft of firms which have refused to pay rent during the coronavirus crisis