Cineworld to close 25 locations in the UK: full list of cinemas at risk [Video]

Cineworld is planning to permanently close 25 sites, according to reports. The cinema chain is expected to confirm the closures when it announces a restructuring plan on Friday (26 July), according to Sky News.

It is understood that the number of jobs lost as a result of the closures would be “at least in the hundreds”.

It has been reported that the chain will seek renegotiated rents on around 50 other cinemas, with the remaining roughly 25 sites untouched by the process.

Struggling businesses often use this strategy in an attempt to lower operating costs and help retain more of their brick-and-mortar estate.

The group, which also runs the Picturehouse chain, is among cinema firms to have been knocked by the growth of streaming services, delays to releases following actor and writer strikes, and the increased cost of living for customers.

It is understood that financial services firm AlixPartners is acting as an adviser during the process.

Other cinema operators could …