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Article: Thai exhibitor looks ahead to good year.(BUSINESS)(Major Cineplex Co.)(Brief Article)
- Article from:
- Screen Digest
- Article date:
- March 1, 2005
CopyrightCOPYRIGHT 2005 Screen Digest Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Confidence is still high in the Thai cinema exhibition sector. Leading group Major Cineplex predicts continuing consolidation and strong profits. Major Cineplex, which merged with rival EGV last year (see 2004/182b2), now controls 73 per cent of screens and predicts that this will rise to 80 per cent in 2005. It expects a 65 per cent jump in business, largely from its non-cinema activities such as its acquisition of 80 per cent stake in DVD/VCD distributor Pacific Marketing & Entertainment Group.
In the cinema sphere, 2004 brought a company sales growth of 30 per cent and 2005 should bring 15 per cent. Overall, Major Cineplex forecasts that exhibition sector ...