Cineworld closes all cinemas in 10 countries due to coronavirus

FILE PHOTO: A Cineworld cinema logo is pictured in Canary Wharf in London, Britain, March 11, 2020. REUTERS/Keith Weir/File Photo

(Reuters) – British cinema operator Cineworld (CINE.L) said on Tuesday all its 787 cinemas across 10 countries have been shut due to the coronavirus pandemic and that it was in talks with its lenders for ongoing liquidity requirements.

Cineworld, the world’s second-largest cinema operator, said it has suspended dividend payment for the fourth-quarter as well as upcoming 2020 quarterly dividends and that it is also in talks with its landlords, film studios and suppliers to mitigate the impact of the closures.

Reporting by Tanishaa Nadkar in Bengaluru; Editing by Vinay Dwivedi