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 film production.

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.