Singapore’s beloved indie cinema The Projector shuts after a decade as debts top S$1.2m

AI Summary

The Projector, a Singaporean independent cinema, has closed after accumulating over S$1.2 million in debt. A creditors' meeting is scheduled for August 29. Debts are owed to 33 creditors, including film distributors, the cinema's founders, and over 2,000 members with unused subscriptions. Overseas Movie (Private) is owed the largest sum at S$382,888. The cinema cited rising costs, changing viewing habits, and declining global cinema attendance as reasons for closure.