Description
Cineworld Group plc is a British cinema operator headquartered in London, England. It is the world's second-largest cinema chain (after AMC Theatres), with 9,139 screens across 747 sites in 10 countries: Bulgaria, Czech Republic, Hungary, Ireland, Israel, Poland, Romania, Slovakia, the United Kingdom and the United States. The group's primary brands are Cineworld and Picturehouse in the United Kingdom and Ireland, Cinema City in Eastern and Central Europe, Planet in Israel, and Regal Cinemas in the United States.
As of March 2018, Cineworld was the leading cinema operator in the UK by box office market share (based on revenue). It operated, at that time, 99 cinemas and over 1,017 screens, including Cineworld Dublin—Ireland's single largest multiplex by screens and customer base. Cineworld Glasgow Renfrew Street is the tallest cinema in the world and the busiest, by customer base, in the UK. It is listed on the London Stock Exchange.
In October 2020, Cineworld temporarily closed its cinemas in the UK, Ireland, and the United States, citing the delay of tentpole films due to the impact of the COVID-19 pandemic on cinema. The cinemas reopened in May 2021. On 7 September 2022, Cineworld filed for Chapter 11 bankruptcy in the United States.
In April 2023, Cineworld announced that it plans to secure funding of $2.26 billion and that it had entered into an agreement with its creditors to restructure its debt and come up with strategies to exit bankruptcy.
