Cineworld is in secret talks about the sale of its UK operations, according to Sky News.
It is understood the cinema chain has begun contacting prospective bidders in recent days.
Cineworld is also expected to explore the option of a company voluntary arrangement - a further restructuring process which could put UK cinemas at risk of closure.
In a statement issued to Sky News, a Cineworld spokesperson said: "Like many businesses, we are continually reviewing our UK operations."
The future of Cineworld - including the cinema in Stevenage - has been at risk since the company fell into administration in September 2022, and the company was forced into bankruptcy protection.
In May 2023, the cinema giant said a proposed restructuring plan, which would wipe out shareholders, had the support of lenders.
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