BVI-domiciled MegaStar Media Vietnam opens a new movie complex

MegaStar Media Joint Venture Co. inaugurated a new cinema complex in the southern province of Dong Nai. This is company’s third project inaugurated. It was reported by the Deputy director of MegaStar Media that the MegaStar Cineplex on the third floor of Saigon Co. op Mart Bien Hoa comprises six large multi-screen theaters that feature large screens, latest surround sound systems, and the most advanced digital film technology.

The company had spent US$3.1 million to open the complex capable of seating 800 people. MegaStar is planning to continue the development of cinema complexes in Vietnam, by investing more than US$10 million to build three more Cineplex facilities in HCMC and Hanoi. The company is now seeking other locations across the country to develop about 10 more multi-purpose entertaiment centers with approximately 100 screens.

MegaStar is a joint venture between BVI-registered Envoy media Partners Ltd., and HCMC-based Phuong Nam Corporation. MegaStar Media is the second foreign cinema operator in the country.

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