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
Add BT as a preferred sourceClaudia Tan HS
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.
TRENDING NOW
Singapore developer in limbo after Timor-Leste scraps major township project
Troubled platform UCars founded by group of dealers wound up on S$4 million debt
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
