One of the country's biggest cinema chains is in talks over a possible sale of its business as part of a strategic review that could lead to wholesale restructuring.

Cineworld, which has multiscreen cinema's in Union Square and the Beach Boulevard, is working with advisors to potentially dispose of its UK operations.

Its parent company went through a series of insolvency processes last year with restructuring adviser AlixPartners, who has again been drafted in to work on the current process.

A Cineworld spokesperson told Sky News: "Like many businesses, we are continually reviewing our UK operations."

The company's multibillion-dollar debt plunged it into crisis in 2022, only for several billions of dollars of debt then exchanged for shares.

The firm delisted from the London Stock Exchange last August amid a battle for survival.

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