Search

Search form

Logo of Phnom Penh Post newspaper Phnom Penh Post - Cinema chain eyes Cambodia expansion

Cinema chain eyes Cambodia expansion

Cinema chain eyes Cambodia expansion

Thailand’s Major Cineplex Group (MCG) plans to invest 5.2 billion baht ($158.6 million) in Cambodia, Laos, Myanmar and Vietnam (CLMV) to build 100 theatre screens, according to Thai media reports.

MCG officials told the Bangkok Post this week that the company, which currently operates seven screens in Cambodia, is considering a rapid expansion into CLMV markets in an effort to increase revenue from subsidiary operations three-fold.

“We see a lot of potential to grow in both Thailand and neighbouring countries,” MGC chairman Vicha Poolvaraluck told the Bangkok Post.

“If we achieve the 1,000-screen target, the revenue contribution from overseas operations will rise to 10 per cent, up from only 3 per cent,” Vicha said.

Chy Sila, the local partner of MCG’s Cambodia operations confirmed he is currently seeking new locations in Phnom Penh for more cinema screens.

“We had some talks with each other over the expansion plans. We see huge potential to grow here, compared to our neighbouring countries,” Chy said, citing MCG’s 300 screens in Vietnam and 1,000 in Thailand.

MCG commenced operations in Cambodia in June this year with the opening of Aeon Mall. The company installed seven screens within the modern shopping centre, with the capacity to hold 1,600 viewers.

“We already set plans to cooperate with other new shopping malls, but we need to see how big the malls will be and how many customers will potentially come,” Sila said. “We’re also looking at some potential province locations,” he said.

RECOMMENDED STORIES

  • Breaking: PM says prominent human rights NGO ‘must close’

    Prime Minister Hun Sen has instructed the Interior Ministry to investigate the Cambodian Center for Human Rights (CCHR) and potentially close it “because they follow foreigners”, appearing to link the rights group to the opposition Cambodia National Rescue Party's purported “revolution”. The CNRP - the

  • Rainsy and Sokha ‘would already be dead’: PM

    Prime Minister Hun Sen on Sunday appeared to suggest he would have assassinated opposition leaders Sam Rainsy and Kem Sokha had he known they were promising to “organise a new government” in the aftermath of the disputed 2013 national elections. In a clip from his speech

  • Massive ceremony at Angkor Wat will show ‘Cambodia not in anarchy’: PM

    Government officials, thousands of monks and Prime Minister Hun Sen himself will hold a massive prayer ceremony at Angkor Wat in early December to highlight the Kingdom’s continuing “peace, independence and political stability”, a spectacle observers said was designed to disguise the deterioration of

  • PM tells workers CNRP is to blame for any sanctions

    In a speech to workers yesterday, Prime Minister Hun Sen pinned the blame for any damage inflicted on Cambodia’s garment industry by potential economic sanctions squarely on the opposition party. “You must remember clearly that if the purchase orders are reduced, it is all