Cineworld said up to 45,000 employees will be affected worldwide as itconfirmed plans to temporarily close its theatres in the UK and the US – thecinema giant’s two biggest markets.
More than 600 sites will be closed acrossthe two countries from Thursday after the industry was rocked by plans byJames Bond studios MGM and Universal to delay the release of the franchise’slatest film.
Cineworld said it would close 127 Cineworld and Picturehousesites in the UK, confirming reports over the weekend, and sending shares downby as much as 57% as markets opened in London.