mm2 Asia Proposes to Merge Its Cathay Cinema Business with Golden Village Cinemas1 min read
Reading Time: < 1 minutemm2 Asia has entered into a heads of agreement with Orange Sky Golden Harvest Entertainment (Holdings) (OSGH), proposing to merge its cinema business with Golden Village cinemas.
Through its unit mm CONNECT, mm2 Asia owns eight cinemas in Singapore under the Cathay brand, and 14 cinemas in Malaysia under the Cathay Cineplexes Malaysia, Mega Cinemas and Lotus Fivestar brands. mm CONNECT also owns a movie film distribution business and an online streaming business.
OSGH has 14 cinemas in Singapore under the Golden Village banner.
The move will make the enlarged business the biggest cinema operator in Singapore, delivering economies of scale; it will also provide greater financial and operating stability, given headwinds faced by cinema operators due to the pandemic, said mm2 Asia.
Image Credits: mm2 Entertainment
