A cinema chain - with two outlets in the county - has seen its future secured after it was bought at auction.

Curzon has been snapped up by a US private equity firm Fortress Investment Group which already owns the likes of Majestic Wine and Poundstretcher.

The deal is said to secure the future of its 16 sites nationwide, its film distribution company and its online streaming service and more than 350 jobs.

It includes the two cinemas it operates - both in Canterbury - at the city’s Riverside complex and city centre Westgate.

Bosses at the Westgate screen have recently complained parking fee increases were threatening its future.

The business had been put up for auction by billionaire US real estate magnate Charles Cohen, who had owned it since 2019, earlier in the year.

He had used the chain - along with other property assets - to secure a £417m loan from New York-based Fortress. But the relationship soured earlier this year when Fortress sued Cohen for default - resulting in a court ruling he should auction off assets to generate funds towards paying off the loan. It is understood Fortress was the only bidder for Curzon.

Allison Swayze, managing director at Fortress, said: “Curzon is an iconic film company, with global recognition for its long legacy of releasing and connecting independent and critically acclaimed films to UK audiences.

“We’re pleased to acquire Curzon, and bring our support to the company’s dedicated team.

“Curzon has exciting near-term plans which include expanding its cinema footprint, and delivering awards and release plans for an exciting slate of films.

“Our acquisition secures the jobs of more than 350 employees, and helps Curzon continue to offer film fans a range of independent and blockbuster movies both in cinema and at home.”

Curzon is one of Britain’s oldest cinema chains - dating back to 1934.