The second largest chain of cinemas on the planet, Cineworld, has filed for special bankruptcy in the US in a bid to buy time to restructure its business.
The business said on Wednesday that it had filed for a Chapter 11 proceeding in the US, but its cinemas will stay open throughout the period.
It is designed to allow the debt-ridden chain the chance to bounce back from its current woes, caused in part by the pandemic and a lack of popular recent films.
