Cathay Cineplexes ceases operations, to enter creditors' voluntary liquidation
Cathay Cineplexes has ceased operations and will enter creditors' voluntary liquidation. Its operator mm2 Asia says it is no longer feasible to keep the firm running, given its financial troubles and the lack of viable restructuring options. Analysts say the closure highlights the pressure on cinemas to adapt, and the need to rethink their spaces, beyond just screening movies. Kate Low reports.
Cathay Cineplexes has ceased operations and will enter creditors' voluntary liquidation. Its operator mm2 Asia says it is no longer feasible to keep the firm running, given its financial troubles and the lack of viable restructuring options. Analysts say the closure highlights the pressure on cinemas to adapt, and the need to rethink their spaces, beyond just screening movies. Kate Low reports.
Popular Shows
