formerly Mad Cornish Projectionist.
The Gloucester Quays branch employee, who wished to remain anonymous, has spoken about how staff on zero hour contracts feel let down by the decision to close cinemas across the UK. Source: https://www.gloucestershirelive.co.uk/whats-on/
Cineworld could run out of cash within weeks unless it secures a lifeline from investors, analysts have warned. The world’s second-biggest cinema chain had roughly £308million in the bank in June, but Bank of America said it was expected to … Continued
Struggling cinema chain Cineworld is arguing in its legal battle with property giant AEW that it was entitled to a rent holiday at the start of the pandemic as the government’s lockdown rules rendered its entire business model “illegal”. … Continued
“Keep the credits rolling on a multi-billion-pound industry that is the envy of the world” Cineworld’s boss has written to UK Prime Minister Boris Johnson with a plea to “save cinemas to avert job losses and a cultural blackout”. Last week, it … Continued
Cineworld is set to temporarily close its UK cinemas in the coming weeks. As first reported in the Sunday Times, the firm is writing to Prime Minister Boris Johnson and Culture Secretary Oliver Dowden to say the industry is now “unviable”. … Continued
The credits looked ready to roll for troubled Cineworld, but its shares have soared after Chinese multimillionaire Liu Zaiwang acquired a leading stake in the company, with investors speculating about a possible take-private deal. Source:https://www.ig.com/uk/news-and-trade-ideas/