Struggling Cineworld paints bleak picture for cinemas

Low cinema attendance and a lack of blockbuster movies has left a gaping hole in its finances.

Cineworld said numbers going to the cinema will remain below pre-crisis levels in the next couple of years.

Cineworld painted a bleak picture for cinema operators, forecasting admissions would remain below pre-pandemic levels in the next two years as the Regal chain owner tries to fix its finances under bankruptcy protection.

The British chain, which also has cinemas in Ireland, forecasted that admissions would remain below pre-health crisis levels for the next two years.