Firm behind indie cinema The Projector owes $1.2m to creditors

Ahead of a meeting with creditors set for Aug 29, the firm behind Singapore indie cinema The Projector has revealed that it owes them more than $1.2 million.

- Aqil Hamzah and Angelica Ang

In an e-mail sent out to creditors on Aug 19 and seen by The Straits Times, Pocket Cinema listed 33 different creditors comprising individuals and organisations.

The highest amount—$382,888.03—is owed to Overseas Movie (Private), while others named in the list include the firm's director, Ms Karen Tan, as well as other shareholders, including one of The Projector's founders, Ms Blaise Camille Trigg-Smith.

Ms Tan, who is also one of The Projector's founders, is owed more than $120,000, while Ms Trigg-Smith is owed slightly above $100,000.

ST has contacted Ms Tan for more information.

Other creditors include those who held memberships with The Projector that have yet to expire. These comprise 2,295 people who are owed a total of more than $89,000.

The majority of them, or 1,566, held memberships with The Projector Fan Club.

Although membership information on the indie cinema's website has been replaced with a notice of suspension as at Aug 20, a version dated July 9 on the Internet Archive showed that it costs $85 to hold a membership through this tier.

All members are entitled to four free tickets, $2 off standard ticket prices, 10 per cent off the total bill at the Intermission bar at Golden Mile Tower and No Spoilers Bar at Cineleisure, special giveaways and prizes, as well as invites to exclusive members-only events and screenings.