Golden Harvest — Hong Kong's oldest cinema chain — closed every screen in 2025

Orange Sky Golden Harvest, the Hong Kong-listed entertainment group behind the Golden Harvest cinema chain, fully exited the Hong Kong cinema business in 2025. The chain — one of the territory's oldest — had 9 multiplexes before the pandemic. By early 2025 it was down to 7. In April 2025 the Whampoa location closed, followed by the Maritime Square cinema in June and MegaBox shortly after. On 29 June 2025, the remaining four — the sky (Olympian City), StagE (Tuen Mun), Tai Po, and Galaxy Plaza — all closed on the same day when their leases expired.

Three of the four were immediately taken over by Shanghai Xingyi Studio, a mainland Chinese operator with 163+ cinemas and annual box-office revenue of 1.12 billion RMB (approximately HK$1.2 billion). Golden Harvest's closure was part of a broader wave: 35 cinemas closed or changed hands in Hong Kong between 2020 and mid-2025, driven by declining audience numbers, streaming competition, and post-pandemic shifts in viewing habits. In the first half of 2025 alone, Hong Kong's total cinema seating capacity dropped by 10%.

The Golden Harvest name carried particular weight. The company had been a pillar of Hong Kong cinema since the 1970s, producing Bruce Lee films and building one of Asia's most recognisable film brands. That the chain running its name could not sustain its cinema operations in its home market was a measure of how fundamentally Hong Kong's cinema industry had changed. The company shifted its focus to mainland China and other businesses, leaving its legacy brand behind.