mm2 Asia announced that they have signed a binding term sheet to acquire 13 cinema locations in Malaysia from Lotus Fivestar Cinemas for a purchase consideration of RM118 million. The 13 cinema locations comprise a total of 90 screens with a total of 15,818 seats. With the completion of the acquisition, mm2 Asia will own a total of 133 cinema screens in Malaysia, making it the fourth largest cinema operator in the Malaysian market. The cinemas comprised in the business were established … [Read more...] about mm2 Asia to acquire cinema locations in Malaysia
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VRrOOm launches at BIRTV
Beijing – VRrOOm, a fully dedicated Virtual Reality (VR) ecosystem, made its debut at the Beijing International Radio, TV & Film Exhibition (BIRTV). It’s Founder and CEO Louis Cacciuttolo said, “THE AR/VR Market is expected to hit $120 billion by 2020 and the technology is going to be the next big thing for storytelling, beyond gaming. Yet, there are few resources dedicated to facilitate the access to VR and accelerate mass market adoption.” Louis Cacciuttolo has previously worked for THX … [Read more...] about VRrOOm launches at BIRTV
