Sterkinekor plans to cut nearly a third of its 728 employees and close up to nine cinemas in the Western Cape, Gauteng and KwaZulu-Natal.
Introducing the history of South Africa's film giants…
Establishment of STER-KINEKOR
Sterkinekor's first film was shown in 1896 at the Empire Palace of Varieties, Commissioner Street, Johannesburg, South Africa.
South Africa's first kinetoscope was opened to the public on April 19, 1895 at Harwood's Arcade, Pritchard and President Streets, Johannesburg.
The company revealed it operates 47 commercial cinema complexes in South Africa and six international sites based in Namibia, Zambia and Zimbabwe.
The company reports that it has also introduced IMAX and Cine Prestige experiences, self-service catering and ticket reservations in recent years. It also has a cine prestige screen, an IMAX screen, and a 3D screen.
great moments on screen
Business LIVE With 395 screens, 57 155 seats, 860 staff, 650 tones of popcorn, and a loyalty base of over 1 million people, Starkinekor reports that it has withstood the test of time.
Movie lovers share magical moments when they go to the movies, whether it's holding hands on a first date, watching movie Thursdays, or having a boys' night out.
“Few people would argue that when it comes to anticipated blockbusters, they are better seen on the big screen,” said Moteo Matsuu, StarKinecor's acting chief executive. .
Matsau added that in 2022, countless thrilling titles have hit Starkinekor's screens. Minions: Rise of Gru, Jurassic World: Dominion, top gun: maverick and Doctor Strange in the Multiverse of Madness.
South Africans will stop going to the cinema
citizen Starkinecor said the restructuring was necessary due to the difficult economic environment, burden relief and financial constraints, the report said.
The company added that due to the Hollywood strike, the release of many films was postponed to 2025, and cheaper theaters were affected by this decision.
EWN Cinemas in South Africa report they are struggling to get back on their feet after the coronavirus pandemic. The company plans to close nine movie theaters and lay off about 236 employees.
according to my broadbandthe company is also considering plans to close eight more movie theaters, which would result in the loss of an additional 69 jobs.
These movie theaters include:
- Secunda
- wonder park
- bedford view
- cradle stone
- moi river
- N1 City
- rosebank nouveau
- Rustenburg.
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