Head's sinking after new cinema releases (11)

I believe the answer is:

emancipates

'releases' is the definition.
(to emancipate is to liberate or free)

'head's sinking after new cinema' is the wordplay.
'head's' becomes 'pates' ().
'sinking after' is a charade indicator (letters next to each other) (in a down clue, some letters sink beneath others).
'new' indicates anagramming the letters.
'cinema' with letters rearranged gives 'emanci'.
'pates' put after 'emanci' is 'EMANCIPATES'.

I've seen this clue in The Telegraph.

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