The corporate, which is a part of the world’s second-largest cinema chain, has confronted difficulties for the reason that Covid pandemic, with audiences failing to return to earlier ranges.
Cineworld, which additionally owns Picturehouse, entered administration in July 2023, grappling with practically £4bn in debt. This 12 months, it has been engaged on a restructuring plan, which noticed 5 websites shut in October.
Regardless of the corporate beforehand denying extra cinemas would shut, it has now introduced one other six areas might be rolling credit for the ultimate time within the coming months.
Which Cineworld areas are closing?
The next six areas are set to be shut, with their last screenings scheduled for both this month or January 2025:
Which Cineworld areas have already closed?
In October, Cineworld closed 5 of its areas for good. Nevertheless, the Hinckley department – which had been earmarked for closure together with the others in July – was saved by a brand new property deal.
The websites that closed had been:
1. Cineworld Glasgow Parkhead
3. Cineworld Loughborough
5. Cineworld Swindon Circus
What different areas does Cineworld function?
Right here is the total record of websites at the moment operated by Cineworld throughout the UK and Eire:
1. Cineworld Queens Hyperlinks, Aberdeen
2. Cineworld Union Sq., Aberdeen
5. Cineworld Ashton-under-Lyne
9. Cineworld Broad Avenue, Birmingham
10. Cineworld NEC, Birmingham
11. Cineworld Boldon Tyne and Put on
18. Cineworld Burton upon Trent
19. Cineworld Bury St Edmunds
22. Cineworld Chesterfield
25. Cineworld Dalton Park
35. Cineworld Parkhead, Glasgow
36. Cineworld Renfrew Avenue, Glasgow
37. Cineworld Silverburn, Glasgow
38. Cineworld Gloucester Quays
39. Cineworld Harlow – Harvey Centre
40. Cineworld Harlow – Queensgate
42. Cineworld Hemel Hempstead
43. Cineworld Excessive Wycombe
50. Cineworld Bexleyheath, London
51. Cineworld Enfield, London
52. Cineworld Feltham, London
53. Cineworld Hounslow, London
54. Cineworld Ilford, London
55. Cineworld Leicester Sq., London
56. Cineworld South Ruislip, London
57. Cineworld The O2 Greenwich, London
58. Cineworld Wandsworth, London
59. Cineworld Wembley, London
60. Cineworld West India Quay, London
61. Cineworld Wooden Inexperienced, London
63. Cineworld Milton Keynes
64. Cineworld Newcastle upon Tyne
65. Cineworld Isle of Wight, Newport
66. Cineworld Spytty Park, Newport
71. Cineworld Rushden Lakes
79. Cineworld Stoke-on-Trent
80. Cineworld Shaw Ridge, Swindon
85. Cineworld Weston-super-Mare
88. Cineworld Wolverhampton
Why is Cineworld closing these cinemas?
In July 2024, Cineworld was mentioned to be contemplating a serious restructuring, which may embrace closures.
Restructuring permits an organization to transform its stability sheet, restructure money owed and launch money into the enterprise.
It comes after Cineworld emerged from Chapter 11 chapter within the US late final 12 months.
When an organization information for Chapter 11 chapter, it means it intends to reorganise its money owed and property whereas remaining in enterprise.
The corporate’s shares additionally plunged virtually 99 per cent within the 5 years to 2023 as a result of Covid-19 pandemic and the enforced closure of its cinema websites.
Cineworld UK then collapsed into administration on July 31.
The primary Cineworld Cinema opened in Stevenage, Hertfordshire, in July 1996. A second Cineworld opened the next 12 months in Wakefield, West Yorkshire.
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