Product Teardown: The Projector — What Worked, What Broke, and How It Might Have Pivoted
This product teardown explores what worked (brand, community, curation), what broke (economics, fragile model), and how human-centered design (HCD) could have revealed alternative paths.
I grew up loving the ritual of going to the movies with friends, on dates, and later from the other side of the screen when I worked in the OTT video streaming industry for a couple of years. So it hit hard when indie cinema The Projector announced it was shutting down immediately last week.
In my Digital Transformation class, we’ve been unpacking how organisations adapt (or don’t). As a thought exercise (no right or wrong), I wanted to examine The Projector through a product lens and explore how human-centered design (HCD) might have revealed different paths.
Because The Projector wasn’t just a cinema. It was a cultural node. A gathering place where film met community, where nostalgia met experimentation. Its closure is more than a business failure. It’s a story about what happens when cultural value collides with market realities.
This isn’t a post-mortem to assign blame. It’s a product teardown: a look at what The Projector got right, what ultimately broke, and how, with a different design mindset, it might have pivoted.
A Short Timeline of The Projector
The Projector’s arc reads like a startup story: big vision, cult following, fragile economics.
2014–2024: Born in Golden Mile Tower, it carved out a brand that was more movement than multiplex. It experimented with Riverside, Cathay, and Cineleisure pop-ups. The Intermission Bar became a hangout; the cinema, a community hub.
Early Aug 2025: Cineleisure screenings ended quietly.
Aug 19, 2025: Abrupt voluntary liquidation. Creditors owed ~S$1.2M. Golden Mile’s ~10,000 sq ft space carried rent of ~$33k/month.
Why it matters: Beyond numbers, local filmmakers called the loss “irreplaceable.” The truth? Culture rarely survives balance sheet math unless the model evolves.
What The Projector Got Right
1. A Distinctive Customer Value Proposition
The Projector wasn’t “just movies.” It was arthouse, cult, and local cinema dressed in beanbags, heritage halls, and a playful voice. Multiplexes sold blockbusters; Projector sold belongings. It positioned itself as more-than-a-cinema. A brand people wore with pride.
2. Experience Design as Differentiator
The venue was the product. From the Instagram-ready Redrum theatre to foyer buzz and quirky signage, The Projector didn’t just sell tickets; it staged rituals. You didn’t just watch a film, you became a member of a tribe.
3. Programming as Product Strategy
Festivals, themed arcs, curated nights. The Projector’s programming worked like software feature drops. Users kept coming back, not for the commodity (a seat), but for the curation (a story).
4. Cultural Impact
It became a launchpad for local filmmakers and niche distributors. In a streaming world drowning in abundance, The Projector filtered the signal from noise. When it died, a whole indie pipeline lost its stage.
What Went Wrong: The Double Bind
External Headwinds
Shift in demand: Post-pandemic, audiences defaulted to streaming or tentpoles. Mid-tier films got squeezed, and arthouse suffered most.
Cost inflation: Rents climbed, leases were fragile, and operating costs spiked. Golden Mile’s square footage turned from an asset into an anchor.
Internal Fragilities
Thin cash buffers: Owing S$1.2M signalled prolonged strain. Passion alone couldn’t pay creditors.
Complex footprint: Pop-ups and expansions multiplied fixed costs without guaranteed permanence.
Weak revenue mix: The model leaned too heavily on tickets, which is a low-margin commodity. Estimated breakdown:
Tickets: 55% (10–25% margin)
F&B: 25% (70–85% margin)
Venue hire: 15% (15–40% margin)
Memberships/Merch: 5% (40–60% margin)
Translation: the emotional loyalty of its base wasn’t monetised into recurring, resilient streams.
Thought Exercise: What If HCD Had Been the Compass?
Human-Centered Design (HCD) in a line: Start with real user needs, test small, iterate fast to balance desirability, feasibility, and viability.
1. Membership 2.0: From Perks to Patronage
Hypothesis: Fans wanted more than perks. They wanted patronage, even symbolic co-ownership.
Prototype: Tiered passes (S$15–S$99/quarter) offering early screenings, zines, Discord channels, and salons with filmmakers. Add transparency: a “Founders’ Wall” + budget dashboard.
Success Metric: ARPU uplift compared to legacy membership.
2. Heartland Projector Pop-ups: Micro Screens, Macro Reach
Hypothesis: Smaller, 40–80-seat pop-ups in libraries, schools, and rooftops could extend reach without rental risk. Think Films At The Fort, but in the heartlands.
Prototype: Mobile rigs + inflatable screens, city-as-cinema calendar. Revenue share with hosts instead of base rent.
Success Metric: Average seat fill and % of pop-up guests converting to membership.
3. Hybrid “Watch-Together” Streaming Nights
Hypothesis: Post-pandemic audiences still crave shared experiences, even online. Going beyond the capacity of physical venues will provide higher upside revenue at higher margins.
Prototype: Sync screenings + filmmaker Q&A + cocktail kits (delivered beforehand to your house). Rights-compliant, geo-fenced to Singapore.
Success Metric: Ticket adoption vs. physical venue capacity.
Final Thoughts: Why It Still Hurts — and Why the Takeaways Matter
The Projector’s closure isn’t just another business obituary. It’s a cultural cautionary tale. A reminder that even the coolest branding, the strongest community vibes, and the most Instagrammable moments can’t outrun structural economics. Emotion builds loyalty; economics decides survival.
But there’s also a lesson here: Human-Centered Design (HCD) offers a different lens. Test fast. Involve your community early. Design not just for delight, but for resilience. If The Projector had treated its loyal audience as co-creators, not just ticket buyers, perhaps its belonging could have translated into balance-sheet strength.
The takeaway is simple, but not easy: whether you’re a cinema, a startup, or a non-profit, the rule is the same.
Culture is priceless, but survival is practical. You need to build both.
If you want to future-proof your organisation, design with, not just for, your audience. Don’t wait until the runway runs out. Run the experiments while you still have lift.
This teardown isn’t about rewriting history. It’s about extracting the signal: how organisations, cultural or commercial, might survive the next storm.
Because if The Projector taught us anything, it’s that passion creates gravity. But gravity alone won’t keep you in orbit.