Cineworld screens stay open despite plans to file for administration
Business / Mon 26th Jun 2023 at 10:36am
STRUGGLING cinema chain Cineworld has said its screens will remain open despite its plans to file for administration to cut its huge debts reports the BBC.
Cineworld, which is the world’s second-largest cinema chain, was hit hard by the Covid pandemic when many of its theatres were forced to close.
But it has now announced plans to slash its $5bn (£3.9bn) debt pile.
The firm, which owns the Picturehouse chain in the UK, said it was still business as usual for its cinemas.
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