Ster-Kinekor

Last updated
Ster-Kinekor
Company type Public
IndustryEntertainment
HeadquartersSouth Africa, ,
Number of locations
32
Website https://sterkinekor.com

Ster-Kinekor is a South African-based cinema company, and the country's largest movie exhibitor. It represents 60-65% of the market, having 32 cinema complexes consisting of 342 large-scale screens and 47 961 seats; 124 state-of-the-art 3D screens across the country (Commercial, 3D, IMAX, D-BOX, Kids’ Cinema, Nouveau and Cine Prestige) with 129 in South Africa. In Africa, the company operates in 6 cinema complexes with 33 screens and 4 077 seats in Africa.

Its head office is at the Ster-Kinekor Office Park in Sandton, Johannesburg. [1]

Ster-Kinekor holds the largest market share of cinemas in South Africa, followed by Nu Metro Cinemas. Smaller, independent operators, including CineCentre, Movies@, and Epic Cinemas, make up the rest of the market. [2]

In 2021, following losses attributed to the COVID 19 pandemic, the company filed for "business rescue" and was aquired by investment firms 'Blantyre Capital' and 'Green Point Capital'. [3] In 2024 they announced plans to close 9 locations, with 239 staff redundancies. [4]

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References

  1. "Contact Us." Ster-Kinekor. Retrieved on 27 September 2011. "Physical Address: Ster-Kinekor Office Park 185 Katherine Street Eastgate Ext.4 Sandton"
  2. "Ster-Kinekor vs Nu Metro: movie ticket prices in South Africa". BusinessTech. 16 Jan 2020. Retrieved 2020-08-15.
  3. Larkin, Philippa (1 March 2022). "Hope for Ster Kinekor exit from business rescue in sight". IOL. Retrieved 30 December 2024.
  4. Rajgopaul, Dhivana (17 April 2024). "Ster Kinekor retrenching over 200 employees, as it shuts down 9 cinemas". IOL. Retrieved 30 December 2024.