Cineworld says it’s closing one other six cinemas, bringing the entire of closed websites to 11.
The cinema chain already closed websites in Glasgow Parkhead, Bedford, Loughborough, Yate and Swindon Regent Circus earlier this 12 months as a part of its restructuring programme.
Now it has confirmed it is going to additionally shut down its branches within the following areas:
CastlefordLeighMiddlesbroughNorthamptonPooleWeymouth
The Weymouth department is about to shut on 30 December, whereas the 5 different cinemas will shut on 19 January, Cineworld has confirmed.
It had additionally earmarked its Hinckley website for closure, however this was granted a reprieve after a brand new property deal was agreed.
The transfer will go away Cineworld with 90 cinemas throughout the UK.
Cineworld secured courtroom approval for a restructuring plan earlier this 12 months, which imposed steep hire cuts on lots of its cinemas’ landlords.
The controversial plan attracted opposition from a string of distinguished landlords, however received enough help from collectors to be pushed by.
Paperwork circulated as a part of the restructuring plan course of highlighted the truth that the corporate didn’t have enough funding to fulfill a quarterly hire invoice on 24 June of £15.9m.
The corporate stated it has improved its monetary place by additionally securing extra funds, together with £40m in liquidity.
It additionally plans to speculate round £35m throughout its property, notably in refurbishing present cinemas.
Javier Sotomayor, president of Cineworld Worldwide, stated: “The successful completion of our restructuring plan, achieved with the crucial support of our landlords, protects thousands of jobs across the UK and provides us with the financial stability to continue investing in delivering extraordinary experiences for our valued customers.
“This milestone units the stage for a brighter future, enabling Cineworld to proceed sharing pleasure in communities throughout the UK for a few years to return.”
