The world’s second-largest cinema chain is edging closer to bankruptcy, as it struggles with the hangover from the pandemic and a dearth of blockbuster movies.
Cineworld, operating thousands of screens across eight European countries, said on Monday that its financial difficulties were leading it to consider a collapse.
It is €4.8bn in debt and its shares fell 60 per cent this week as news of its problems filtered through.
It has 127 cinemas in the UK, 18 in Hungary, 13 in the Czech Republic, three in Slovakia, seven in Bulgaria, 28 in Romania, 34 in Poland and more in Ireland and the US.
