Cineworld to close all UK and US venues putting thousands of jobs at risk
World’s second-biggest cinema chain to close 536 US theatres and 127 UK sites amid Covid-19 crisis
Britain’s biggest cinema chain, Cineworld, is to shut all its UK and US venues, putting up to 5,500 jobs in Britain at risk, after the latest James Bond movie was delayed into next year.
Cineworld, which owns the Regal cinema and Picturehouse chains, is understood to be preparing to announce plans to close all its 127 theatres in the UK as soon as Monday. It is also closing all its 536 Regal cinemas in the US. Cineworld employed 37,000 people globally before the pandemic, with 5,500 in the UK.
Continue reading…