News for hackers. Stuff that matters.

A comment on Regal and Cineworld reportedly closing all theaters in US and UK next week. Parent comment

Re:Regal and Cineworld reportedly closing all theaters in US... by chrisseaton on Sunday October 04, 2020 @08:37AM (#24678550)
How do you pay your debts while hibernating?
[ Parent | on HN ]
Re:Regal and Cineworld reportedly closing all theaters in US... by TheOtherHobbes on Sunday October 04, 2020 @10:05AM (#24679143)
You take on new debts and try to persuade creditors you'll be paying them off real soon now.

This isn't snark - it's literally the new normal in many sectors.

[ Parent | on HN ]
Re:Regal and Cineworld reportedly closing all theaters in US... by Turing_Machine on Sunday October 04, 2020 @01:08PM (#24680534)
Yeah, if the creditor has a choice between (maybe) getting paid at some point in the future or definitely not getting paid at all, some will opt for the maybe.

It would be different if they could resell the property, but in a market where no one is buying, it's a different story.

[ Parent | on HN ]