Having sustained losses for five straight years, auditors PWC warned last year that the Irish wing of the global cinema behemoth Cineworld was reliant on the support of its parent in order to meet its obligations. The world’s second-largest cinema company confirmed in writing that such support for its Irish outpost was forthcoming. However, PWC was not convinced, noting that due to Covid-19 enforced cinema closures, there was no guarantee that the parent would be in a position to bail out the Irish business. PWC said that a material uncertainty existed “which may cast significant doubt about the company’s ability…

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