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Published 4 months ago

Select Hollywood movies, FIBA World Cup boost SM Prime's earnings

Summary by Ground News
High ticket sales from select movies and live events such as the FIBA World Cup 2023 helped boost publicly listed firm SM Prime Holdings Corporation's revenues in the first nine months of 2023. Movie-going has declined substantially over the past decade as more people turn to streaming platforms for entertainment. Most Filipinos also can no longer afford to watch movies in cinemas with tickets now selling for at least P300.
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