This is according to the latest update from the entertainment company's business rescue practitioners.
Ster-Kinekor is SA's largest cinema group with about 65% of market share. It was negatively impacted by the Covid-19 lockdowns - especially the hard lockdown - affecting its ability to pay debts as and when they fell due. This resulted in the board opting for business rescue in January 2021.
It's unfortunately going to get worse for them, with the launch of Disney+ in SA.
Filed to innovate, the brick & mortar concept doesn’t understand or take into consideration an evolving consumer journey. Yes, I get the whole experience, going to movie theatre etc. How come they haven’t digital options? Why can’t I watch from home? sterkinekor
Fin24 Start showing Epl and Uefa champions league games …and you’ll be fine
Fin24 Do what DSTV do and repeat the movie for 5 years
Fin24 It's was BRILLIANT on the big screen. ..I'm going again.. To watch this movie on a TV (no matter how big) is a total waste of your senses.
Fin24 Ster-Kinekor employ South Africans and we should support them 😩🥺🥺 Make date nights fashionable if you can afford to take your person out in a date
They are so overpriced!! i was going to watch Dr.Strange but it would have cost me way over R200 to watch it!! So now i will wait until the 22nd then i can watch it on Disney+ and save R200!
Fin24 Cut down on the damn snack prices and see business surge even more
Fin24 The cinema model has been disrupted by video-on-demand services
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