There is more to the story than the treachery of Barbara Broccoli. Cineworld, which bought the US chain Regal in 2018 and inherited a large pile of debt, was already in a precarious position when coronavirus hit; it is now creaking under the weight of £6.6bn owed against a cash balance of £220m. While Odeon and Vue have serious problems of their own, with Odeon moving a quarter of its venues to a weekend-only model, it would be wrong to presume that Cineworld’s crisis automatically means the death of cinema.
Source: https://www.msn.com/en-gb/money/