Cineworld, the world’s second-largest cinema chain, is in talks with landlords and film studios as it tries to save cash after it was forced to close all of its cinemas worldwide.
Cineworld said it was halting all unnecessary spending as it made “every effort” to lessen the financial impact of the closures.
Cineworld angered staff when it immediately start laying off staff after closing its cinemas in the UK, which includes the Picturehouse chain, last month.
The company, which has 787 cinemas in 10 countries, said it was talking to its banks about its “ongoing liquidity requirements” and suspended dividends to shareholders as it tries to weather the coronavirus crisis.