Cineworld goes into administration but screens stay open
Cineworld is to file for administration, slashing its $5bn debt while keeping cinemas open. Experts predict a leaner post-restructuring operation amid streaming competition.
Cineworld is to file for administration, slashing its $5bn debt while keeping cinemas open. Experts predict a leaner post-restructuring operation amid streaming competition.
Cineworld filed for bankruptcy in the States last October, and 2023’s cinema line-up might have other cinema chains quaking in their boots.
In 2021, August was stuffed with family-friendly blockbusters at the multiplex. This summer, they’re nowhere to be found. What happened?