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Marius
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Ster Kinekor is a South Africa-based cinema company. Its head office is in the Ster-Kinekor Office Park in Sandton, City of Johannesburg Metropolitan Municipality.
The company originated in 1969 when 20th Century Fox decided to sell off its South African theatre business to Sanlam, an insurance company. Sanlam already operated Ster Theatres and Ster Films under the Ster brand. Government regulation required that the two film companies be operated separately, and so the company name Kinekor was born to manage the newly acquired business.
Throughout the 1970s Kinekor embarked on a program of opening new cinemas across South Africa. However, due to the introduction of television in 1976, cinema attendances dropped. Because of this, the South African government then allowed Sanlam to merge its two theatres divisions, creating Ster-Kinekor.
Despite the poor market conditions Ster-Kinekor continued its program of building high quality cinema multiplexes, focusing on integrating cinemas into large retail and leisure developments.
Source: Wikipedia
The company originated in 1969 when 20th Century Fox decided to sell off its South African theatre business to Sanlam, an insurance company. Sanlam already operated Ster Theatres and Ster Films under the Ster brand. Government regulation required that the two film companies be operated separately, and so the company name Kinekor was born to manage the newly acquired business.
Throughout the 1970s Kinekor embarked on a program of opening new cinemas across South Africa. However, due to the introduction of television in 1976, cinema attendances dropped. Because of this, the South African government then allowed Sanlam to merge its two theatres divisions, creating Ster-Kinekor.
Despite the poor market conditions Ster-Kinekor continued its program of building high quality cinema multiplexes, focusing on integrating cinemas into large retail and leisure developments.
Source: Wikipedia