A major cinema chain in regional Australia has collapsed into voluntary administration after a horror 12 months where not even blockbuster movies Barbie and Oppenheimer could save it.
Majestic Cinemas operates nine cinemas in regional NSW and Queensland. Locations include Nambour, Port Macquarie, Inverell, Nambucca, Wynnum, Kempsey, Singleton, Sawtell and Nelson Bay.
The business collapsed into voluntary administration this week with the impacts of Covid-19, cost-of-living pressures, natural disasters such as floods and fires, and the Hollywood writers strike being blamed.
A note on its website said voluntary administrators were effective from January 31 this year as the business looks to be restructured to make it viable.
At this stage, al…
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