Cineworld secures £560m cash lifelines as Covid closes cinemas
by Mark Sweney from US news | The Guardian on (#5AQWP)
London-listed group shut all of its 660 movie theatres in the US and the UK in October
Cineworld, the world's second-largest movie chain operator, has secured financial lifelines worth $750m (560m) to weather the coronavirus pandemic.
London-listed Cineworld, which shut all of its 660 movie theatres in the US and the UK in October, said the financial agreements mean it has enough liquidity to make it through next year - as long as cinemas are allowed to reopen by May.
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