Oct 4, 2020

Cineworld set to close UK cinema doors after Bond movie delay

Global cinema giant Cineworld is set to close its UK sites in the coming weeks, it has been reported. In September Cineworld reported a $1.6bn loss for the six months to June as its cinemas had to close because of coronavirus lockdowns. Cineworld is the world's second largest cinema operator, and the largest in the UK, where it operates the Cineworld and Picturehouse brands. As lockdown restrictions around the world were gradually lifted in mid-to-late summer Cineworld had been able to reopen 561 out of 778 sites worldwide. In June, Cineworld pulled out of a $2.1bn deal to buy the Canadian cinema chain Cineplex, a move which is could lead to a legal battle.

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