Cineworld files for administration: Brighton cinemas unaffected

The world’s second largest cinema chain said it will apply for administration for the firm next month.

However, the company stressed that its cinemas, including its three locations in Brighton and Hove, will remain open as usual.

Cineworld was hit hard by the pandemic when cinemas were forced to close.

The company, which also owns the Picturehouse brand, is moving forward with plans to restructure its £3.9 billion debt pile to allow it to exit bankruptcy.

A restructuring plan is set to wipe out shareholders in the cinema chain in order to support its lenders and creditors.

MOST READ:

• Anger at lack of CCTV after ten garages were burgled in one night
• Children’s play equipment and sports area dropped in £4m cuts to seafront scheme
• Which road is the worst to drive on in Brighton? Drivers say, 'every single one!'​

A Cineworld spokesman said: “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.

“The group and its brands around the world - including Regal, Cinema City, Picturehouse and Planet - are continuing to welcome customers to cinemas as usual.

“The group continues to honour the terms of all existing customer membership programmes, including Regal Unlimited and Regal Crown Club in the United States and Cinema Unlimited in the UK.”