As the Twin Towers lay in rubble after Sept. 11, former U.S. president George W. Bush's administration leveraged the influence of Hollywood celebrities to sway the public to rally around the flag.
The cinema business has been hit hard by Covid-19, but mm2 Asia chief executive officer Chang Long Jong has expressed his optimism that the industry is on a road to recovery. In an interview with The Business Times published on Wednesday (Oct 6), Chang said that the cinema business is "in a stronger position" after experiencing rounds of business recovery.
Zee एंटरटेनमेंट एंटरप्राइजेज लिमिटेड के बोर्ड्स ऑफ डायरेक्टर्स ने सोनी पिक्चर नेटवर्क इंडिया और ZEEL के विलय को मंजूरी दे दी है। 90 दिनों के भीतर दोनों पक्ष ड्यू डिलिजेंस का काम करेंगे। विलय के बाद भी कंपनी भारतीय शेयर बाजार में लिस्टेड होगी।
Koh Mei Lee, who is the head of corporate affairs of PPB Group Bhd and chief executive officer of GSC Group, said: “We have full confidence that the cinema industry is still healthy on a growth trajectory and it will always be around.
KUALA LUMPUR: The latest acquisition of MBO Cinemas by PPB Group Bhd will allow the group to diversify into new growth areas and expand its revenue streams.
The expanded chain of cinemas would enable PPB Group to capitalise on the food and beverage (F&B) segment and increase the co-production of local content by its Golden Screen Cinemas (GSC) Movies to complement the movie-going experience and further expand its revenue stream, said Koh Mei Lee, who is the head of corporate affairs of PPB Group Bhd and chief executive officer of GSC Group.
A man looking at movie posters at a GSC cinema in IOI mall in Puchong. - RAJA FAISAL HISHAN/The Star.
KUALA LUMPUR: Golden Screen Cinemas (GSC) (pic) is buying the majority of cinema assets from MCAT Box Office Sdn Bhd and Reel Entertainment Holdings Sdn Bhd, which are operators of the former MBO cinema circuit.
Both MCAT Box Office and Reel Entertainment are going through a creditors’ voluntary winding up.
In a statement, GSC said the acquisition is expected to be completed by end-June 2021.
No acquisition price was disclosed.
GSC, Malaysia’s largest cinema exhibitor, is a wholly owned subsidiary of PPB Group Bhd