
Why are Hong Kong cinemas closing despite box office hits?
Two Hong Kong films broke records by surpassing HK$100 million (US$12.9 million) in box office takings last year, but that did little to ease the woes of cinemas in the city. Audiences are shrinking, and venues are closing. From a peak of more than 125,000 seats in 112 cinemas in 1994, there are now under…