The company «Globus Max», which owns the eponymous chain of cinemas in Israel, appealed to the court requesting protection from creditors for a period of 90 days.
The statement said that the protection necessary to allow the company to operate fully in the summer months, which is considered the most profitable period in the cinemas.
The owners of the company announced that it is ready to invest 6 million of its own funds for repayment of debts on wages of workers.
«Globus Max» owns 11 cinemas, which employs 850 people. The company owns the rights to broadcast in Israel, the product of three major Hollywood companies: Warner Brothers, United Paramount Pictures.