Hong Kong Cinema Operator Golden Harvest has concluded a long legacy as the local theatre market was closed and most of the remaining outlets were closed over the weekend. A new operator, which has not yet been named, enters the market and takes over the outlet trio.
Golden Harvest was founded in 1970 by co-founder Raymond Chou as a production company. Raymond Chou became the legendary film producer and introduced many more Hong Kong stars and directors to the international market, including Bruce Lee, Jackie Chan, and many more Hong Kong stars, Chou Yun Phat, Michelle Yeo, Jung Woo and Twihark.
The company opened its first cinema in Hong Kong in 1977 and in 2009 it launched the city’s first fully digital multiplex. It was released in 1994 and after Chinese businessman Wu Kebo became the largest shareholder, the company name was changed to Orange Sky Golden Harvest in 2009.
Earlier this year, the film chain closed three outlets at GH Megabox, GH Whampoa and the iconic Grand Ocean Cinema at Tsim Sha Tsui, which had been operating for 56 years.
The last four outlets closed on Sunday, June 29th. This is the stage of Olympian City 2 Sky, Tuen Mun Town Plaza, GH Taipo and GH Galaxy’s Shau Kei Wan’s GH Galaxy.
“As leases at these locations approach the end of June 29, 2025, we will then close film operations in Hong Kong,” the company said in a statement, adding that the new operator will take over the first three cinemas under the new ownership.
As Hong Kong’s box offices still struggle to regain their post-Covid footing, this year we saw nine movie closures by the mid-mark, including two from Golden Harvest and the MCL (Newport Theatre and Grand Corn Hill Cinema). Last year, nine cinemas closed, bringing the entire Hong Kong box office down to a 13-year low to $172.7 million (HK 1.34 billion).
In Singapore, Orange Sky Golden Harvest continues to operate 15 multiplexes and 119 screens through its subsidiary Golden Village, the largest theatre exhibitor in the United States.
(TagStoTRASSLATE) Asia (T) Box office revenue (T) Hong Kong
