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Home / Business

Are bad movies to blame for downturn? Or a bad cinema experience?

28 Feb, 2008 12:57 AMQuick Read

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Opinion

KEY POINTS:

SkyCity says under-performing Hollywood movies and smaller summer audiences - combined with the upcoming capital costs of upgrading the chain - led it to reassess profit expectations for the country's biggest cinema chain.

In 2006 SkyCity owned 50 per cent of the company but then paid its partner
Village Cinemas $50 million for the other half.

"We make assumptions about the film quality but I think that these have not met out expectations but our valuations were justified," says acting chief executive Elmar Toime.

Are bad movies to blame for downturn? Or a bad cinema experience? Here is the latest selection of Your Views:

Discover more

Tourism

SkyCity cinemas downgraded after summer slump

12 Feb 04:00 PM
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<i>Media</i>: Hollywood hits back at SkyCity

14 Feb 04:00 PM
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Cinemas drag Sky City down

24 Feb 09:40 PM
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Cinema woes leave SkyCity just $1m profit

25 Feb 04:00 PM
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