With so much excitement in the streets, who needs the usual escapism?
Citywide protests have kept people out of the theaters, much to the grief of SF Corp., which reveals it has suffered from a 70 percent loss of revenue.
Street and closures have kept people away from the cinema, said Suwit Tongrompo, SF vice president.
The box office has also suffered as many malls such as Central Ladprao, MBK, Terminal 21 and Emporium have been closing early. That stops people from seeing films after work, which is usually a prime time for the cinema business.
He added protests also affect other sectors such as fashion and technology, since fewer people are out shopping.
However, SF said its expansion plans will continue. This year the company will launch five to six more theaters under the budget of THB1 billion in department stores in Bangkok and Prachinburi province in the hope that the profits of the new branches will compensate for revenue lost during the shutdown, MThai reported.
Photo: SF Cinema City
