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National World - LocalTV
  • 8 months ago
Cineworld has announced that it is set to close its Nottingham city centre cinema.
Transcript
00:00Cineworld has announced that it is set to close its Nottingham City Centre cinema. This
00:06comes as the firm is reportedly overseeing a UK-wide restructuring of its business. Whilst
00:11Cineworld described this news as disappointing, it also thanked its customers who had used
00:16the cinema over the years. Cineworld has reportedly staved off the threat of administration after
00:21a High Court judge approved of restructuring plans for four of its companies. The approval
00:26means that £16m of fresh equity from their indirect parent company will be injected to
00:32meet immediate financial needs, with an additional potential £35m in the pipeline.
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