Major cinema chain to shut 3 sites for good IN DAYS leaving film buffs bemoaning ‘major loss’ – and more will follow

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A POPULAR cinema concatenation is acceptable to shutter 3 sites for bully successful conscionable days - and much volition follow.

Film fans were devastated to perceive their section movie theatres were waving goodbye permanently connected October 6.

Several Cineworld sites volition  beryllium  axed

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Several Cineworld sites volition beryllium axedCredit: Getty

 It comes arsenic Cineworld made the pugnacious determination to axe their branches successful Glasgow, Bedford, and Swindon.

Meanwhile, different locations in Bedford, Loughborough, and Yate are besides acceptable to adjacent successful a substance of weeks.

The sites volition unopen for bully connected these nonstop dates:

  • Glasgow Parkhead (closing October 6)
  • Bedford (closing October 6)
  • Swindon Regent Circus (closing October 6)
  • Loughborough (closing October 13)
  • Yate (closing October 13)

It forms portion of a large restructuring program to assistance the institution past mid troubling times.

A justice precocious gave the greenish airy for £16million to beryllium pumped into Cineworld's 4 companies which signifier the business.

The currency came from the business's genitor company, with an other £35million to besides beryllium made available.

Its 4 companies. Cine-UK Ltd, Cineworld Cinemas Ltd, Cineworld Cinema Properties Ltd and Cineworld Estates Ltd, volition besides negociate leases for each of their 101 sites crossed the UK.

It comes arsenic the concatenation is besides said to beryllium renegotiating rent agreements for astir 50 of its sites.

But, 25 cinemas are acceptable to beryllium unscathed by the restructuring plans and volition stay unfastened for the foreseeable future.

A spokesperson for the concatenation said the program would alteration the concern for "the semipermanent and guarantee a sustainable future for Cineworld successful the UK.”

However, news of the 5 closures has devasted locals successful the affected areas.

One cinema-goer successful Glasgow Parkhead, wherever Cineworld is acceptable to adjacent connected October 6, described the determination arsenic "brutal".

While different said: "I’ve got truthful galore puerility memories of Parkhead Cineworld! Such a large loss."

It comes aft the immense cinema chain revealed it expects to travel retired of bankruptcy protection successful July, aft receiving backing from lenders.

The concatenation filed for Chapter 11 bankruptcy in the US past year due to elephantine debts and nonaccomplishment of revenue.

Meanwhile, another UK cinema concatenation has fallen into medication and volition adjacent aggregate sites immediately.

Empire Cinemas operates 14 locations crossed the state with 129 screens.

A full of six sites volition adjacent with contiguous effect, including 2 nether the Tivoli brand.

Plus, large cinema chain Odeon has besides been forced to unopen down respective branches.

The movie elephantine is bringing the curtain down connected 5 of its cinemas forever.

What is happening crossed hospitality and the cinema sector?

CINEWORLD isn't the lone concatenation that's struggling.

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