Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Netmovie to Expand Private Cinemas to Guangdong

Sina Tech, 8/17/11

Beijing-based digital content distributor Netmovie said recently that the company is currently scouting locations in several cities throughout Guangdong province as part of its plan to open a number of its iMovie private cinema operations in southern China. Netmovie's iMovie centers are cinema establishments which offer on-demand viewing of films in private rooms similar to to those found in karaoke parlors.

According to a spokesperson for Netmovie, the company's goal is to open no fewer than 50 iMovie private cinema audiovisual centers in Guangdong cities including Guangzhou, Shenzhen, Dongguan and Foshan in the next two years. Each of the new iMovie audiovisual centers will require an investment of at least RMB 2 mln, and Netmovie anticipates investing more than RMB 100 mln throughout the endeavor. Netmovie also plans to IPO overseas sometime next year.

Editor's Note: The iMovie centers offer access to a variety of audiovisual content, including films not released in Chinese cinemas.

Keywords: IPO television Netmovie film distribution

Feedback

Please note, all fields are required.
None of your personal information will be shared with third parties.

SendingSending

Disclaimer

The information contained in this newsletter is based upon sources that Marbridge Consulting believes to be reliable, and we have made every effort to translate the original articles or article excerpts as faithfully as possible. However, Marbridge Consulting makes no warranty of and assumes no legal responsibility for the accuracy of either the original source material or the English language translations.

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports