Gc Companies Inc Finances

GC Cos., parent of General Cinema Theaters Inc., which has struggled under the costs of operating expensive mega-plex theaters and declining attendance, said it is considering filing for bankruptcy if it can't get concessions from creditors, a regulatory filing said. In a separate filing, Harcourt General Inc., which spun off General Cinemas in 1993, said a bankruptcy filing by GC could leave Harcourt liable for future theater-lease payments totaling as much as $355 million as of July 31.

GC Cos., parent of General Cinema Theaters Inc., which has struggled under the costs of operating expensive mega-plex theaters and declining attendance, said it is considering filing for bankruptcy if it can't get concessions from creditors, a regulatory filing said. In a separate filing, Harcourt General Inc., which spun off General Cinemas in 1993, said a bankruptcy filing by GC could leave Harcourt liable for future theater-lease payments totaling as much as $355 million as of July 31.