[arista]

[Struggling cinema chain Cineworld
has said its screens will remain open
despite its plans to file for administration
to cut its huge debts.
Cineworld, which is the world's
second-largest cinema chain,
was hit hard by the Covid pandemic when
many of its theatres were forced to close.
But it has now announced plans to slash
its $5bn (£3.9bn) debt pile.
The firm, which owns the Picturehouse chain
in the UK, said it was still business as
usual for its cinemas.
Big films currently showing in the UK
include Spiderman:
Across the Spider-Verse and
The Little Mermaid.

"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," it said.

"The group and its brands around the
world - including Regal, Cinema City,
Picturehouse and Planet - are continuing
to welcome customers to cinemas as usual."
Cineworld has more than 28,000 staff across
751 sites globally, with 128 locations in
the UK and Ireland.

Last year, it filed for bankruptcy protection
in the US but it hopes to emerge from
this next month following the
restructuring of its finances.]

https://www.bbc.co.uk/news/business-66017633