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Cineworld plans to reopen all cinemas by July

Cineworld abandoned its $1.65 billion deal to buy Canada's Cineplex last week
Cineworld abandoned its $1.65 billion deal to buy Canada's Cineplex last week

Cinema operator Cineworld Group has said some of its cinemas would reopen in the last week of June and expected all of them to reopen by July with enhanced sanitation procedures across all sites.

The company, which abandoned its $1.65 billion deal to buy Canada's Cineplex last week, expects to reopen in the US and the UK on 10 July.

Shares in the company have fallen around 64% so far in the year.

Cineworld had shut down all of its cinemas due to coronavirus-led restrictions.

It said it had updated its booking system to ensure social distancing in its auditoriums, along with adapting movie schedules to manage queues and avoid the build-up of crowds in lobbies. 

Cineworld operates about 9,500 screens globally, with more than 7,000 in the US.

It has also secured an extra $110m from lenders and a waiver on loan covenants last month to help it survive lockdowns. 

Director Christopher Nolan's thriller 'Tenet' will debut in cinemas on 31 July, the first new blockbuster release in months for cinemas that need new films to lure audiences after the closures.