KUALA LUMPUR, Sept 23 — Local cinema chain mmCineplexes announced on its social media channels that it was shutting down.

In a “notice of creditors voluntary liquidation”, mmCineplexes announced that mm 2 Star Screen Sdn Bhd has been placed into creditors voluntary liquidation (CVL).

No other details were given besides the company’s immediately ceasing operations.

The company also stated that any future correspondence be directed to the liquidators Rodgers Reidy & Co via email at mss@rodgersreidy.com.my.

While mmCineplexes is not as widely known as the bigger cinema chains such as GSC and TGV there had not been obvious signs of any issues, what with its social media channels actively posting right up to the day of its liquidation announcement.

The cinema chain, that claims to be Malaysia's third largest, had thirteen locations, with its Kuala Lumpur cineplex in Berjaya Times Square, one in Kuching, Sarawak as well as cineplexes in Johor, Melaka, Kedah, Perak and Penang.

With streaming being widely available, cinemas worldwide have struggled with falling revenue.

Global accounting group PwC’s media and entertainment outlook report projected that global box office revenues might only return to pre-pandemic levels by end-2029.