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22 Jul 2025 14:14
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  •   Home > News > Business

    Cinema chains across New Zealand are reporting major financial losses

    Cinema chains across New Zealand are reporting major financial losses


    Australian-owned Hoyts, which has 11 theatres in NZ, saw annual profits drop from 2.5 million to just shy of 478-thousand dollars.

    The company told BusinessDesk, last year was a challenging one - influenced by the writers and actors strikes in 2023.

    Meanwhile, Reading [redding[ NZ-saw revenue fall to 22.6 million dollars from 23.3 million.

    For Event Cinemas, revenue dropped 10.5 percent to 40.3 million.

    © 2025 Newstalk ZB, NZCity

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