Is MBO Cinemas in trouble?

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This Malaysian film exhibitor has closed its cinemas at some locations nationwide with only four outlets open.

On Oct 12, two days before the conditional movement control order was implemented in parts of Klang Valley, MBO Cinemas put up a notice on its website saying 17 locations nationwide are closed until further notice.Excluding the cinemas closed due to conditional MCO, there are only four MBO Cinemas open currently – located at Kluang Mall, KSL City Mall, Kuantan City Mall and The Spring Kuching.

On its Facebook page, the film exhibitor posted this message: “... as we venture further into 2020 with the number of rescheduled blockbuster titles and fluctuating number of local cases, we have decided to close these cinemas temporarily until further notice.” This move has received comments like “Tutup kedai?”; “Why so many places closed?” and “MBO Dato’ Onn closed. So sad.”reported today that “MBO Cinemas is facing liquidation following cash flow problems since the implementation of the government-imposed movement control order to curb the spread of the Covid-19 pandemic.”that the revenue for Malaysian cinemas has declined by 80% compared to last year for the same period.

 

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