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Cineworld plans to reopen all cinemas in July

UK News | Published:

The cinema chain said it had secured an extra £90 million in funding.

Cineworld hopes to start showing films in all its cinemas in July, as Britain slowly comes out of lockdown.

Bosses said that its cinemas up and down the country would open when restrictions are lifted.

“Cineworld currently anticipates that Government restrictions related to cinemas will be lifted in each of its territories by July. Subject to this and confirmation of the schedule for film releases, Cineworld anticipates the reopening of all of its cinemas in July,” the cinema giant said in a statement to investors on Thursday.

“Cineworld has put in place procedures to ensure a safe and enjoyable cinema experience for its employees and customers.”

In Berlin, one theatre has ripped out many of its seats to ensure distance between members of the audience. Others have installed plastic screens between seats.

Bosses at the cinema chain said: “Cineworld is excited by the great movie line-up to follow the reopening of cinemas, starting with the highly anticipated new Chris Nolan movie Tenet and immediately after that with Mulan, a new Disney adventure movie.

“Cineworld, as always, greatly believes in the theatrical experience and is fully committed to be the best place to watch a movie.”

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Bosses also said they had managed to secure another 110 million US dollars (£90 million) through increasing the amount it is able to borrow from its banks.

It has also been approved for an additional potential 45 million dollars (£37 million) in Government-backed coronavirus large business interruption loans.

The new funding gives the company enough headroom to support the chain even if cinemas have to stay closed until the end of the year, managers said.

The company’s shares rose by 25% after the news.

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