Cinema chain Cineworld’s market value more than halved after management said that it was in talks with stakeholders about a financial rescue package. The chain has blamed a lack of blockbuster films which has in turn resulted in lacklustre admission levels. Cineworld has managed to rack up a debt of more than $4.8bn (£4bn/€4.8bn) according …
Live Nation Entertainment’s Michael Rapino sells $88m worth of shares
Live Nation Entertainment (LNE) chief executive Michael Rapino sold 78,000 shares of the company’s stock in a transaction on Friday, April 22. According to a United States Securities and Exchange Commission Statement of Changes in Beneficial Ownership, shares sold for an average price of $106.41 (£84/€99) with all sales amounting to $8.3m. Rapino now owns …