Box office rebounding as Cathay Cineplexes says future far from gloomy

  • 📰 asiaonecom
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 59%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

Cathay Cineplexes said its future is far from gloomy while a proposed deal with Kingsmead Properties was put on hold. Speaking to AsiaOne, a spokesperson said Cathay is optimistic that the cinema business is picking up. December was the best month for ticket sales at Cathay Cineplexes since the start of the pandemic, thanks to Marvel superhero movie Spider-Man: No...

Cathay Cineplexes said its future is far from gloomy while a proposed deal with Kingsmead Properties was put on hold.

The film grossed more than $10 million in Singapore, and was the highest-grossing movie in 2021, reported"Box office takings for Spider-Man: No Way Home came very close to what Avengers: Endgame brought in pre-pandemic. This is despite seating capacity being limited to 50 per cent currently," said the spokesperson of the positive trend.

It was announced on July 27 last year that Cathay's parent company mm2 Asia and local investment firm Kingsmead Properties had entered into an agreement for Kingsmead to purchase more than 80 per cent of Cathay's cinema business for $84.8 million.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

𝖨𝗇𝗏𝖾𝗌𝗍𝗂𝗇𝗀 𝗐𝗂𝗍𝗁 𝗒𝗈𝗎𝗋 𝖼𝗈𝗆𝗉𝖺𝗇𝗒 𝗉𝗅𝖺𝗍𝖿𝗈𝗋𝗆 𝗐𝖺𝗌 𝖺 𝗀𝗋𝖾𝖺𝗍 𝗌𝗍𝖾𝗉 𝖿𝗈𝗋 𝗆𝖾. I also appreciate your knowledge sincerity while trading with you at first 𝖨 𝗂𝗇𝗏𝖾𝗌𝗍𝖾𝖽 $2000 𝖺𝗇𝖽 𝗀𝗈𝗍 $13,000 𝗂𝗇 𝖺 𝗐𝖾𝖾𝗄 thanks tyron_robert7

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.