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+--- Thread: Cathay Cineplexes operator says it won't give up despite financial struggles (/Thread-Cathay-Cineplexes-operator-says-it-won-t-give-up-despite-financial-struggles)
Cathay Cineplexes operator says it won't give up despite financial struggles - Bigiron - 10-02-2025
Cathay Cineplexes operator says it won't give up despite financial struggles
https://www.channelnewsasia.com/singapore/cathay-cinemas-mm2-asia-not-giving-up-4926581?cid=internal_sharetool_androidphone_10022025_cna
Cathay Cinemas and MM2 Asia Not Giving Up
Source: Channel NewsAsia
URL: https://www.channelnewsasia.com/singapore/cathay-cinemas-mm2-asia-not-giving-up-4926581?cid=internal_sharetool_androidphone_10022025_cna
Publication Date: Not provided
Author Information: Not provided
Theme: This article discusses the ongoing struggles of Singaporean cinema operators, Cathay Cinemas and MM2 Asia, amid the challenging environment of COVID-19 and streaming services' rise.
Core Points:
- Despite the tough times, both companies express a commitment to stay in the cinema business.
- Cathay Cinemas, facing a challenging environment, is undergoing restructuring and cost-cutting measures.
- MM2 Asia, while facing significant losses, has a strong content library and a diversified business model.
- Both companies hope for a return to pre-pandemic levels in the future.
Phenomenon: The article highlights the impact of COVID-19 on the cinema industry and the rise of streaming services, which are disrupting traditional entertainment models.