Is MBO Cinemas in trouble?



[ad_1]

On October 12, two days before the conditional motion control (MCO) order was implemented in parts of Klang Valley, MBO Cinemas placed a notice on its website that said 17 locations across the country were closed until further. notice.

Most of these cinemas are located outside of the conditional MCO affected areas.

Excluding cinemas closed due to conditional MCO, there are only four MBO Cinemas currently open, located at Kluang Mall, KSL City Mall, Kuantan City Mall, and The Spring Kuching.

On its Facebook page, the film exhibitor posted this message: “… as we head into 2020 with the number of blockbuster titles rescheduled and the fluctuating number of local cases, we have decided to close these theaters temporarily until further notice “.

This movement has received comments such as “Tutup kedai?”; “Why so many closed places?” and “MBO Dato ‘Onn closed. Very sad.”

While there is no official news about the definitive closure of MBO Cinemas, Edge Markets reported today (Oct 15) that “MBO Cinemas is facing liquidation due to cash flow issues since the implementation of the motion control order imposed by the government (MCO) to slow the spread of the Covid-19 pandemic “.

A shared cinema display with StarLifestyle that Malaysian cinemas revenue has dropped by 80% compared to last year over the same period.



[ad_2]