The company also wants to renegotiate rent agreements at a further 50 sites, with the remaining 25 untouched by the restructuring.
Cineworld is planning to shut around a quarter of its cinemas in the UK under a radical restructuring proposal.
Last year, a swathe of Empire cinemas across the country closed abruptly when the chain plunged into administration. But if enough landlords refuse to agree to the new let terms, the 50 Cineworld complexes up for rent renegotiation could also be at risk of closure. One commenter said: 'With cinemas being so over priced and given that films now take less time before they end up on streams I'm not surprised..
Cineworld's plans to close some of its sites come after a tough few years for the company, which is the UK cinema market leader along with Odeon and Vue. Cineworld grew under the leadership of the Greidinger family into a global giant of the film industry, acquiring chains including Regal in the US in 2018. Pictured: A view of the Regal movie theater while it was closed due to Covid in March 2021 in Times Square, New York
A number of social media users expressed their dismay at the decision to close the two sites in June. A number of social media users expressed their dismay at the decision to close the two Picturehouse sites in June
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