The Borough Council owns the unit in The Crescent occupied by Cineworld.
Hinckley’s Cineworld cinema will stay open as an agreement has been made between the cinema chain and Hinckley and Bosworth Borough Council.
In July, Cineworld announced it intended to close six of its cinemas nationwide including Hinckley.
The Borough Council owns the unit in The Crescent occupied by Cineworld.
Council Leader Stuart Bray said: “This is excellent news for the town, for the taxpayer, for Cineworld employees and for local businesses. Not only does it safeguard the future of this great facility.in Hinckley town centre it also ensures the taxpayer continues to receive a rental income from Cineworld which helps to fund our public services.
“High Streets up and down the country are facing challenging times, but Hinckley is bucking that trend with retail occupancy rates and footfall above the Midlands average along with a great range of independent and national businesses. We want it to stay that way, so we’ve taken the necessary action to ensure we do that.
“The amount of interest we’ve had from alternative cinema operators for this site shows that keeping the facility is the right decision. I thank those operators for coming forward and for the interest they have shown in Hinckley.”
Cineworld, said: "Following discussions with our landlords at Cineworld Hinckley, we are pleased that it will remain open."
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