But Cineworld has said the move will not impact any of the 128 cinemas it has in the UK or Ireland. Cineworld said: “Cineworld continues to operate its global business and cinemas as usual without interruption and this will not be affected by the entry of Cineworld Group plc into administration. “The group and its brands around the world – including Regal, Cinema City, Picturehouse and Planet – are continuing to welcome customers to cinemas as usual. The group is moving forward with plans to restructure its roughly $5 billion US dollars (£3.9 billion) debt pile to allow it to exit bankruptcy. It hopes to emerge from bankruptcy protection in July after receiving backing for its overhaul from most of its lenders.

Source: The Herald June 26, 2023 17:03 UTC