UA Closes | Hung Cho Sing: The theater sector in Hong Kong lost 1 billion yuan last year and may continue to lose money this year

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Written by: Deng Yinglin

2021-03-09 11:53

The last update date: 2021-03-09 11:57

Under the new crown pneumonia epidemic, the government has ordered cinemas to close down several times in the past year for more than 5 months, which has severely damaged the local film industry.

UA Cinemas, a major local chain of cinemas in Hong Kong, announced the closure of the entire chain yesterday (8th) morning and started the liquidation process.

Hong Zuxing, the chairman of the Hong Kong Film Industry Association, described that UA is the leading theater in Hong Kong. The closure of the whole line will have a certain impact on local theaters and film production. It is hoped that people in the film and television industry will take over and continue to operate.

Hong Zuxing pointed out that the total income of the Hong Kong film industry last year was only about 500 million yuan, but the rent, labor and other expenses were as high as 1.5 to 1.8 billion yuan. Frankly speaking, it was "not one billion yuan" last year. After the reopening of theaters, the business is considered "decent." The epidemic is well controlled, and the annual income of Hong Kong's film industry is unlikely to exceed one billion, which is less than half of 2019. That is, the film industry may continue to lose money.

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Hong Zuxing, the chairman of the Hong Kong Film Industry Association, described in the Hong Kong and Taiwan program "Millennium" today (9th) that UA is the leading theater in Hong Kong. It is the first to introduce IMAX and mini theaters. It has 6 theaters in Hong Kong with a total of 30 screens. It accounts for 10% of the screen in Hong Kong.

He described that UA has a considerable impact on the Hong Kong film industry and the distribution of films. The completion of the entire line will have a certain impact on theaters and film production. He hopes that people in the film and television industry will continue to operate.

Hong Zuxing estimates that the total income from 298 screens in Hong Kong is only about 500 million yuan. However, it is estimated that the rent, labor, management, and utility fees of the theaters in Hong Kong are as high as 1.5 to 1.8 billion yuan. After deducting the income, the local film industry has "not seen a billion."

He described the business as "decent" after the reopening of theaters, with an occupancy rate of about 40%. He bluntly said that even if the epidemic is well controlled this year, the annual revenue will hardly exceed one billion, that is, less than half of 2019, which means that the film industry will continue to lose money.

Huang Fengxian expects to receive more UA enquiries or complaints today

The Director-General of the Consumer Council, Huang Fengxian, stated on the same program today (9th) that the Consumer Council received about 13 enquiries and 1 complaint yesterday, which involved flight swaps or prepaid consumption cases. The amount involved was not large, but mostly From one hundred yuan to a maximum of one thousand yuan, some people have not used theater tickets because of the closure of theaters due to the epidemic.

MCL Cinema took over the UA K11 Art House of K11 MUSEA this month. UA announced earlier that the cash coupons can continue to be used in the same theater. However, MCL announced yesterday that it will no longer accept cash coupons from UA K11 Art House. .

Huang Fengxian pointed out that the Consumer Council has also received related complaints. It is temporarily unclear whether the relevant measures are feasible or whether there are any devilish details. Further understanding is needed.

Huang Fengxian said bluntly that he expects to receive more enquiries or complaints about UA Cinemas today, reminding consumers that they can fill out the form and submit it to the provisional liquidator for compensation, but after the liquidation process, priority must be given to staff salaries. Consumers should not expect too much. .

She once again urged the public to think twice before prepaid consumption, even if the consumption is not too large, otherwise the company may lose money when it closes.

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