The Projector owes S$1.24 million to creditors, including banks, founders & 2,295 fan club members

As of Tuesday (Aug. 19), Pocket Cinema, the company behind local indie cinema The Projector, owes S$1.24 million to creditors.

These include 2,295 The Projector members, The Projector's founders and banks like Overseas-Chinese Bank Corporation (OCBC).

This comes after The Projector abruptly announced that it was ceasing operations and entering "voluntary liquidation" due to rising operational costs, shifting audience habits and a decline in global cinema audience.

No direct refunds on tickets and memberships

According to the list of creditors seen by Mothership, 2,295 The Projector members with existing memberships are owed S$89,955.49 while unused ticket holders are owed a total of S$14,302.00.

According to The Projector's FAQs on its closure, refunds cannot be issued directly as the company is under liquidation. They may file a claim with the nominated liquidator. Details of the process will be sent over email

This is the same for memberships, which The Projector wrote would end on the day of closure announcement.

The webpage also informed readers to reach out if they did not receive an email on Aug. 19.

Founders part of list of creditors

The largest creditor is Overseas Movie (Private) Limited, who is owed S$382,888.03.

Overseas Movie (Private) Limited is a locally incorporated company whose primary business is movie distribution, according to the BizFile website.

The next largest creditor is OCBC, who is owed S$200,000.

The Projector's co-founders, Karen Tan and Blaise Camille Trigg-Smith, are owed S$120,785.04 and S$100,025.04 respectively.

United Overseas Bank is owed S$106,818.86.

Local cinema chain operators Golden Village Pictures is owed S$9,191.05 while Cathay Cineplexes is owed S$1,836.56.

Individual creditors were also listed, with varied amounts ranging from S$12.40 to around S$6,200 owed to them.

The Business Times (BT) reported that an email was sent to creditors on Tuesday night in which they were informed of a creditors meeting via video conference on Aug. 29 at 2:30pm.

Mothership understands that the list of creditors and annexes on unused ticket holders and existing memberships were sent along with this email.

Space for rent

According to BT, The Projector's premises at Golden Mile Tower appeared for rent on CommercialGuru, with an ask price of S$33,000 per month.

The space was described as having 10,000 square foot of space and can accommodate church gatherings, comedy shows and live performances.

The listing also referred to a "big hall" in Somerset for rent every Sunday, BT wrote.

Fluctuating profits and losses

The Projector previously screened shows at Cineleisure in Somerset until Aug. 4, when it announced it was moving all its operations back to its Golden Mile Tower location.

According to BT, regulatory filings indicated that Pocket Cinema made a revenue of S$1.3 million with a profit of S$64,122 in 2017.

Recent financial figures were not available, BT wrote.

Projector X, another Singapore-registered company owned by Pocket Cinema, made a loss of S$323,766 in 2023, regulatory filings showed.

It made S$2.2 million in revenue that year.

In 2022, Projector X brought in S$2.5 million in revenue and S$306,268 in net profits.

Projector X is The Projector's pop-up concept.

It took over The Cathay between 2022 to 2023 before the site closed for renovations.

In April 2025, the indie cinema announced it will be raising prices and reducing the number of screenings at its Golden Mile Tower location.

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Top image via The Projector website