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Daily Mirror
Daily Mirror
Business
Ruby Flanagan

Cineworld issues update on UK cinema sites after filing for bankruptcy

Cineworld has dropped its plans to sell its UK, Irish, and US businesses and will try and raise new funding to get it out of bankruptcy.

The global cinema chain, whose brands include Regal, Cinema City, Picturehouse and Planet and runs around 750 sites globally, filed for bankruptcy in the US last year.

However, the group announced today that it will try and raise $2.3billion (£1.8billion) in new funding as part of a plan to exit bankruptcy.

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