VUE cinemas is in talks to bring the best of Netflix, Amazon Prime and TV to the big screen.
Chain founder Mr Richards, said: “I have spent a lot of time working with studios on building a new business model, which I see as the future of our industry. We are in active talks.”
He added: “At Vue, we pride ourselves on our innovation. We plan to show high- quality entertainment.”
In Asia, where screens are already open, attendance records have been set on the back of huge pent-up demand.
Vue is investing in thousands of reclining seats and other refurbishments in preparation for reopening.
The spend across Europe will be £60million.