EAP Films, Village Cinemas in joint venture
The Village Roadshow of Australia and the EAP Group of Sri Lanka
signed an MoU through which Village Cinemas and EAP Films and Theatres
Ltd will jointly explore opportunities to develop modern cinema
multiplexes in Sri Lanka.
Under theMoU both companies hope to set up a joint venture in Sri
Lanka, taking advantage of the Government's incentives offered for
multiplex cinemas. It is envisaged that the Sri Lankan public will
benefit by world-class cinema offerings in content and facilities.
Village Cinemas is a world leader in the cinema industry with some of
the best cine multiplexes on offer and is part of the Village Roadshow
Group which also has interests in theme parks, film distribution and
EAP is a leader in the Sri Lankan film industry in production,
distribution, exhibition and importation of films.
The Village Roadshow and EAP Group, also agree to explore other
opportunities in Sri Lanka such as theme parks, satellite pay TV,
property development, digital multimedia advertising and other
cinema-related value added revenue streams as part of the MoU.