Cineworld confirms it is looking at filing for bankruptcy in US

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Chain, which accumulated £4bn debt in pandemic, says cinemas would stay open and staff be unaffected

• Business live updates: Cineworld mulls US bankruptcy filing

Cineworld has confirmed it is considering filing for bankruptcy in the US after accumulating £4bn in debt during the coronavirus pandemic but assured moviegoers and staff that its cinemas would continue operating even as it tries to restructure its balance sheet.
The world’s second-largest cinema chain has struggled after failing to experience a quick enough recovery in the wake of the Covid-19 outbreak, which forced most of its sites to close during lockdowns. It reported a $708m (£598m) loss last year, and accumulated $4.8bn (£4bn) in debts while cinemas were shut.
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