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More than 100 Cineworld cinemas are at risk of closure as the chain issues an update on its search for a buyer

Cineworld commenced Chapter 11 proceedings in the US last Autumn and has now issued an update as they look to find a buyer for the business. The cinema chain announced it has a number of potential buyers, but none are willing to pay for the whole business, which is currently £5billion in debt.

Should they fail to find a buyer, it could put a total of 129 cinemas across the UK and Ireland at risk of closure. Cineworld also employs around 28,000 workers globally.

Cineworld: 129 cinemas at risk as chain struggles to find buyer - full list