Facing anaemic ticket sales from the ongoing pandemic and fierce competition from streaming services, mm2 Asia and Spackman Entertainment have sold their stakes in the movie theatre business. Is it curtains for the industry?

Like a die-hard fan of a movie franchise awaiting the next sequel, owners and operators of movie theatre chains large and small are struggling to stay afloat and cannot wait for Covid-19 restrictions to come to an end in Singapore.

See also: Indie cinemas highlight impact on film and retail ecosystem

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