UK-based cinema chain, second-biggest in the world, hit by lockdowns, audience slump and debt from Regal theatres takeover

Britain’s Cineworld, the world’s second-biggest cinema chain, has filed for bankruptcy protection in the US as it seeks to restructure after facing low audience numbers.

The group operates 751 movie theatres including more than 500 in the United States, more than 100 in Britain and Ireland, and others across Europe and Israel. It owns the Picturehouse chain in Britain and Regal cinemas in the US.

Continue reading…

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Matt Lucas to leave The Great British Bake Off

Comedian who has co-hosted Channel 4 show for three series to focus…

Asda under pressure after pay rise lags behind Tesco and Sainsbury’s

UK’s third largest supermarket only big chain to pay shop floor workers…

Labour takes Nadine Dorries’ former seat in Mid Bedfordshire byelection

Alistair Strathern overturns huge Tory majority to win seat vacated by former…

New York mayor Bill de Blasio furloughs himself and staff to ease $7bn budget crisis

Week-long furloughs will reportedly affect nearly 500 staff as city grapples with…