A Watford cinema is among 130 locations at risk as a debt-ridden chain struggles to find a buyer.
Cineworld, which operates inside atria Watford, filed for bankruptcy in America in September last year.
On Friday (February 24), the chain said it had been approached by potential suitors interested in a takeover.
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However, none of them were reportedly willing to pay in cash for the entire company and take on its £5 billion debt.
It is thought that any rescue deal for the business will mean handing over control to the companies and people that Cineworld owes money to. Shareholders are unlikely to get anything back.
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The chain's cinemas are still open as usual during the bankruptcy proceedings.
Reactions to news of the bankruptcy in Watford were mixed when it was announced.
Some were “devastated” while others felt that the atria cinema was too expensive to visit anyway.
Shares in the business dropped by a third in London after the news on Friday.
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