Published 9 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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Rappler

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

MANILA, Philippine – 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 (SM Prime) revenues in the first nine months of 2023. Although revenues from its cinema operations and live events ticketing contribute only a small part to SM Prime’s mall business, its topline from this business unit went up from P3.5 billion in the first nine months of 202…

9 months ago·Philippines

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