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PRIVACY
Retail & Consumer

Who is Cineworld, the chain putting thousands of jobs at risk?

Cineworld has grown globally through acquisition but its taken a massive hit through the pandemic and has temporarily closed cinemas across the 海角视频 and USA.

Cineworld confirms plans to temporarily close its cinemas

Cineworld Group Plc was founded in 1995 and is .

Started as a private company, it re-registered as a public company in May 2006 and listed on the London Stock Exchange in May 2007.

Cineworld has acquired a number of big name operators, including the 海角视频 operations of UGC in 2004 and the Picturehouse chain in 2012.

It combined with Cinema City International N.V in 2014 and acquired Regal Entertainment Group in 2018, making it the second largest cinema business in the world by number of screens.

Cineworld currently operates in the 海角视频, Ireland, Poland, the Czech Republic, Slovakia, Hungary, Bulgaria, Romania, Israel and the USA.

It operates 787 sites, 9,500 screens and employs 37,482 staff worldwide.

Revenue in 2019 was reported at $4,370 bn, with its market in the United States accounting for 73%, 海角视频 15% and 12% across the rest of the world.