KUALA LUMPUR: PPB Group Bhd (PPB), the owner of Golden Screen Cinemas Sdn Bhd (GSC) is optimistic that the lifting of movement control orders and a strong line-up of movie blockbusters will boost cinema admissions.
PPB Group Bhd (PPB), the owner of Golden Screen Cinemas Sdn Bhd (GSC) is optimistic that lifting of movement controls, relaxation of social restrictions and a strong line-up of movie blockbusters would boost cinema admissions
KUALA LUMPUR: PPB Group Bhd (PPB), the owner of Golden Screen Cinemas Sdn Bhd (GSC) is optimistic that lifting of movement controls, relaxation of social restrictions and a strong line-up of movie blockbusters would boost cinema admissions.
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