Part 7/10:
A grim outlook looms for the cinema industry. Reports indicate that many established theater chains are closing down. In 2022 alone, over 130 cinemas in China shuttered their doors, continuing into 2023 and 2024. The D Theater chain, for instance, has witnessed a staggering 70% closure rate since its peak, while Jackie Chan Theater International similarly faced a downturn, drastically reducing from over 100 venues to merely 35.