Cineworld Plans for Global Reopening of All Its Cinemas in July, Secures Additional Funding

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Cineworld Plans for Global Reopening of All Its Cinemas in July, Secures Additional Funding
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  • 📰 Variety
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Cineworld, the world’s second largest movie theater business, says it anticipates opening all of its cinemas in July, and that it has secured new funding from its lenders. Cineworld operates in 10 …

, the world’s second largest movie theater business, says it anticipates opening all of its cinemas in July, and that it has secured new funding from its lenders.

The under-pressure firm, which has a $3.5 billion debt pile, has seen its entire estate close due to thecrisis and lockdowns. Last month it announced it was suspending dividend payments to investors.

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