Ster-Kinekor studios either postponed blockbusters or released them directly on home streaming platforms, denting box office earnings.South 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.
Meanwhile studios either postponed blockbusters or released them directly on home streaming platforms, denting box office earnings. Ster-Kinekor, which operates 52 commercial cinema complexes in South Africa, also renegotiated lease agreements with landlords, which were a material condition for the conclusion of the transaction.
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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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