Cinema chain Cineworld, which earlier this month filed for Chapter 11 bankruptcy, has admitted that it does not expect ticket sales to recover to pre-pandemic levels for at least the next two years.
The world’s second-biggest cinema chain, which operates Regal Cinemas in the US along with brands in the UK and eastern Europe, said on Friday that admissions were “expected to remain below pre-pandemic levels” throughout 2023 and 2024.
The company, which previously blamed a lack of blockbuster films for its financial woes, said ticket sales between June and September this year were also “below expectations”.
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