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Cineworld Announces Radical Restructuring Plan, Exits Multiple Cinemas

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July 4, 2024
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Cineworld, a leading cinema operator, is reportedly making plans to close several of its locations in the UK as part of a comprehensive restructuring effort. The company, which was previously listed on the London Stock Exchange, is considering shutting down approximately 25% of its roughly 100 British multiplexes. In addition, Cineworld is seeking to renegotiate rent agreements at 50 additional…

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