Good morning: Cineworld, the world’s second-largest cinema group, has warned that there is “material uncertainty” about its ability to continue as a going concern after falling to an annual loss of $3 billion. The company, which operates under the Cineworld, Picturehouse and Regal brands, reported this morning that revenues fell 80.5 per cent last year to $852 million, pushing it from a pre-tax profit of $212 million in 2019 to a loss of $3 billion for 2020. SponsoredThe results lay bare the impact of the Covid-19 crisis on the cinema industry, which has led to cinemas being closed around the world and caused the release of blockbuster films to be either delayed or moved to streaming services instead. Cineworld has already raised $811 million to

Source: The Times March 25, 2021 09:00 UTC