formerly Mad Cornish Projectionist.
The judge will rule on whether the plan should be accepted at this week’s ‘Sanction Hearing’. Source: Cineworld creditors approve aggressive restructuring plan as key landlords object | News | Screen
A cinema chain which was given public money to move to a new retail site has indicated it will now leave if it does not receive a rent reduction from its council landlord. Source: Cineworld could leave Barnsley Glass Works … Continued
The company, which is part of the world’s second-largest cinema chain, has faced difficulties since the Covid pandemic. Source: Cineworld to close 6 UK branches: full list of cinemas at risk | Evening Standard
Sky News reported on Thursday that the major restructuring was imminent – the result of a failure to get to grips with a huge debt pile. Source: Cineworld reveals cinema closures as part of restructuring plan | Business News | … Continued
Cinema operator Cineworld is reportedly working with advisors on a strategic review that could lead to the disposal of its UK operations. Sky News reported over the weekend that Cineworld has begun contacting prospective bidders. It said that AlixPartners, the … Continued
London is seeing a “significant shift” in the preferences of film fans, according to industry experts, with smaller, arthouse cinemas thriving while larger multiplex chains suffer. Source: ‘Shift’ seen in London cinema trend as Picturehouse and Curzon open screens while … Continued