The Business Times
business-time-50
SUBSCRIBERS

Cinema operators need to rethink business model

Industry watchers see difficult times for theatre chains and say to survive, companies will have to restructure and embrace technology to reinvent the theatre experience

google-preferred-sourceAdd BT as a preferred source

Claudia Tan HS

Published Sun, Feb 28, 2021 · 09:50 PM

    Singapore

    DELAYS in blockbuster releases, reduced seating capacities and the increasing popularity of streaming services amid the ongoing Covid-19 pandemic have heightened anxieties over the future of cinemas, threatening the attractiveness of theatre chains as an asset class.

    But mainboard-listed mm2 Asia appears to be betting that there is appetite in the market for cinema assets.

    mm2 asiaMoviesTheatreStreaming

    TRENDING NOW

    The Jaecoo 8 leads with its electric drive system, while a 1.5-litre turbocharged petrol engine plays a supporting role for when the 34.46 kWh battery runs low or the road ahead stretches out.

    Jaecoo 8 review: a three-row SUV that excels at one thing

    David Rubenstein, co-founder and co-chairman of The Carlyle Group, warns against “just trying to do deals for the purpose of doing deals, as opposed to getting high rates of return”.

    Private equity giant Carlyle can grow bigger but needs to stay on its toes: co-founder David Rubenstein

    The pair of freehold bungalows in Belmont Road will be torn down by the Ong family members to build new houses.

    Lian Beng Group’s Ong family members pick up two bungalows in Belmont Road for S$60 million

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More