MD Pictures Prepares US$ 5 Million to Make Films in Hollywood

Jakarta, CNBC Indonesia – PT MD Pictures Tbk (FILM) next year will allocate a special fund of US$ 4 million-US$ 5 million to produce films in Hollywood. This step is a leap chosen by the company to enter the international market.

Main Director of MD Pictures Manoj Punjabi said that this film is planned to be marketed not only in the Indonesian market, but also in international markets, especially in the United States. Even though the company is currently only engaged in the Southeast Asian regional market.

“Currently, the film produced by MD is already collaborating to be broadcast in Malaysia, Singapore and Brunei Darussalam. With the joint venture, I also target to enter the Chinese market. In a matter of time, MD will go international,” said Manoj in Indonesia Stock Exchange Building, Tuesday (7/8).



The company has just conducted an initial public offering (IPO), from this corporate action the company obtained Rp 274.63 billion in funds. Manoj said that the funding requirement for the film would also be met from the IPO proceeds.

In the near future, the company will work with two companies from China and South Korea to produce a film in the country of ginseng. The production of the film is under a joint venture of three companies from each of these countries.

Next Article

Up 262%, MD Pictures Shares Are Under Stock Exchange Surveillance



Tinggalkan Balasan Cancel reply