Five Cineworld cinemas across the UK will close next month, as the cinema chain confirmed the permanent shutdowns. Cineworld will close its branches in Glasgow Parkhead, Bedford, Loughborough, Yate, and Swindon in the coming days. The cinemas in Glasgow Parkhead, Bedford, and Swindon Regent Circus will have their final screenings on October 6. Loughborough and Yate will close a week later on October 13.
The Hinckley branch in Leicestershire, initially set for closure, will remain open. Stuart Bray, leader of Hinckley and Bosworth Borough Council, welcomed the news, stating it was beneficial for the town, taxpayers, cinema employees, and local businesses. He noted that while many UK high streets face tough times, Hinckley is managing to thrive.
Film enthusiasts expressed their sadness over the closures, sharing fond memories. Samantha Dale Fox, writing on X, felt devastated about the Bedford branch’s closure. She reminisced about seeing her first film there and visiting weekly since moving back. Paul, another user, expressed his disappointment, praising the staff for their excellent service over the years.
The UK cinema chain has confirmed that a number of its sites will close after the firm staved off the threat of administration https://t.co/qlrSvVs35p
— Gloucestershire Live (@GlosLiveOnline) October 2, 2024
The closures are part of a significant restructuring plan aimed at stabilising the company’s finances. A judge recently approved a £16 million injection into Cineworld’s four business entities: Cine-UK Ltd, Cineworld Cinemas Ltd, Cineworld Cinema Properties Ltd, and Cineworld Estates Ltd. This funding came from the parent company, with an additional £35 million expected soon. Cineworld is also renegotiating rent agreements for about 50 of its locations.
What Other Media Are Saying
- Express: Cineworld confirms the closure of five UK locations, including Glasgow Parkhead and Swindon Regent Circus, despite securing court approval for restructuring plans and fresh equity.(read more)
Frequently Asked Questions
Here are some common questions asked about this news
Which Cineworld cinemas are closing?
Glasgow Parkhead, Bedford, Loughborough, Yate, and Swindon.
When will the Cineworld cinemas close?
Glasgow Parkhead, Bedford, and Swindon close on October 6; Loughborough and Yate close on October 13.
Is the Hinckley Cineworld closing?
No, the Hinckley Cinema is staying open.
Why are Cineworld cinemas closing?
The closures are part of a major restructuring plan to keep the company financially stable.
How much cash is being injected into Cinema?
£16 million initially, with an additional £35 million expected.
