What Auckland movie flop owes

Liquidators of the company formerly known as Academy Cinemas Auckland have revealed there will be a shortfall of about $800,000.

However the company's sole director, John Davies, says most of that is owed to him.

Last month, the Auckland businessman ended his seven years at Lorne St's Academy Cinema, under the central city library building, after a long-running dispute with Auckland Council over rent hikes and nearby roadworks.

 

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