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Movie theatres taking revenue hit amid economic downturn

Author
Newstalk ZB,
Publish Date
Wed, 28 May 2025, 6:17pm
(Image: iStock)
(Image: iStock)

Movie theatres taking revenue hit amid economic downturn

Author
Newstalk ZB,
Publish Date
Wed, 28 May 2025, 6:17pm

There's hopes poor financial results don't spell the final act for cinemas. 

Revenue dropped for all the Hoyts, Reading and Event Cinemas chains in 2024. 

Auckland's Capitol Cinema co-owner Roger Wyllie says the combination of Covid and the Hollywood writer's strike brought tough times.

He says there are good movies out there - but interest is low.  

"We've probably done 40 percent on pre-Covid with people coming through the door."

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