has exited business rescue after nearly two years, its administrator said on Friday.
Meanwhile studios either postponed blockbusters or released them directly on home streaming platforms, denting box office earnings.
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South African cinema group Ster-Kinekor exits 'business rescue' processSouth African cinema group Ster-Kinekor has exited a local form of bankruptcy protection called 'business rescue' after nearly two years, its administrator said on Friday.
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Ster Kinekor raises R250 million and exits business rescueSter Kinekor has announced that it successfully concluded its business rescue. It must be nice raising R200m Prices are so high, and theatres are empty...screening for a limited number of individuals Make the price reasonable and fill the theatres and get more repeat customers as a result of better value for money KwazaUnathi How on earth are they going to recoup that money? Those investors must be quite interesting.
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Ster-Kinekor exits business rescueCinema chain sterkinekor has successfully exited the business rescue process and has returned to solvency. Moneyweb BusinessNews NDL_ndumeey sterkinekor NDL_ndumeey Fantastic news, they went through a tough time but pulled through 👌🏻 sterkinekor NDL_ndumeey Loved going to movies but the picture quality is so poor on many of their cinemas I wondered what the hell I was paying R100 for? So I stopped going...
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