Cineworld, which runs Newport's cinema, has announced it is in talks about its future.

This week, it warned low audience numbers would likely remain until November, blaming fewer films being released for poor attendance.

UPDATE: Cineworld bankrupt: UK cinema chain 'prepares for bankruptcy filing' - what we know

The world’s second largest cinema business, which was hit hard by the Covid-19 lockdown both in terms of being forced to close and due to a shut down in the film industry, says it is now assessing options to shore up its finances.

It has announced it is in talks with stakeholders, over potential funding or restructuring.

It said: "Despite a gradual recovery of demand since reopening in April 2021, recent admission levels have been below expectations.

"These lower levels of admissions are due to a limited film slate that is anticipated to continue until November 2022 and are expected to negatively impact trading and the group’s liquidity position in the near term."

Isle of Wight County Press:

The Guardian reports today (Friday), that its share price has halved as a result of the announcement.

However, the business continues to operate and this week, on the Isle of Wight, Where the Crawdads Sing, Bullet Train and DC League of Super-Pets were among the films showing.