Cineworld Bankruptcy Blamed on Streaming and Covid

The Cineworld story begins with eggs, not movies, according to Israel Greidinger, the deputy chief executive officer. Kalman sent his grandfather to England in the late 1800s to help expand the Greidinger egg import business, and three decades later, he diversified it by opening his first theater in Israel. The Greidingers should have kept their eggs.

The family fortune was worth about $1 billion at its peak, but has now been wiped out by Cineworld. The ability to recover payment has been held up by Cineworld. Mooky was fined and given a suspended prison sentence in Israel for refusing to distribute movies to a rival theater chain.