Things don’t seem to be looking positive for cinema chains recently, with many outlets closing down in the past few months. Just this week, local cinema chain mmCineplexes announced that it’s closing all its outlets after its parent company was placed into voluntary liquidation.
On 23rd September 2025 (Tuesday), mmCineplexes issued a notice of creditors’ voluntary liquidation through their social media accounts. The letter explains that the cinema chain’s parent company, mm2 Screen Management Sdn Bhd, was placed under creditors’ voluntary liquidation. As a result, all thirteen mmCineplexes outlets nationwide will cease operations with immediate effect.
The notice also shared details about the liquidation process and the appointed liquidator. The company mentioned that any future correspondence relating to mmCineplexes and mm2 Screen Management would be directed to the liquidators, Rodgers Reidy & Co.. Unfortunately, no additional information was provided, including the reason for the liquidation. However, mmCineplexes wasn’t the only cinema chain to suffer a similar fate.
In early September, Singapore’s Cathay Cineplexes also issued a notice of provisional liquidation on their social media, leading to the closure of their four operating cinemas in Singapore. The cinema chain has been struggling financially in the months leading up to the closure, with reports of falling behind on rental payments. Many cinema chains have been facing financial difficulties due to falling revenue, due to the rise of streaming services.
For those unfamiliar with mmCineplexes, the cinema chain operated thirteen locations, with most of them outside of the Klang Valley. Its flagship outlet at Berjaya Times Square had only begun operations in March 2024. Before the news, the cinema chain showed no obvious sign of financial issues and was actively posting about new releases right up to the day of the liquidation announcement.
Movie fans have expressed disappointment over the closure. However, many lamented that such news was to be expected, given the current state of cinemas worldwide. What are your thoughts on this?
Sources: Facebook, Malay Mail, Twitter
