Pan-Asian cinema exhibition group Orange Sky Golden Harvest has cut plans for expansion in mainland China and scaled back its plans to bring in $59.7 million (RMB400 million) from outside investors…
Orange Sky Golden Harvest
Orange Sky Golden Harvest, the pan Asian cinema operator, remains unable to make a profit in China despite booming box office.
Tiny Hong Kong circuit is most profitable division, while growing multiplex numbers in China extend losses.
New cinemas in mainland China are a profits drag for pan-Asia cinema group.
Golden Harvest once presided over the most powerful film production and distribution operations in Asia. The Hong Kong-based company's stars included Bruce Lee, Jackie Chan and Jet Li. But as times…
Profits take a 76% dive as pan-Asian exhibition company fumbles distribution activities
Pan-Asian cinema group points to weak distribution activities.
Profits were up by 20% in 2013. But making money from the China cinema boom is slow going.