GDC announces strong sales in Southeast Asia
As CinemaCon 2015 began the final day of the convention, GDC Technology Ltd. announced it performed another deployment for Major Cineplex, the largest circuit in Thailand, in the first quarter of 2015. GDC will provide digital cinema servers, projectors, 3D solutions and theatre management systems (TMS).
Major Cineplex, the winner of the 2014 CineAsia “Exhibitor of the Year”Award, is Thailand’s leading lifestyle entertainment company, with its core operations in cinema, bowling, karaoke, ice skating rinks, rental and services, advertising media and movie content. Currently, Major Cineplex commands over 70% of the market share of the Thai cinema industry's admissions revenue. In 2014, the circuit further expanded by opening its first Cineplex outside Thailand, in Phnom Penh, Cambodia.
Following its rollout of close to 330 units of GDC’s integrated projection systems in the last two years, Major Cineplex carried out further digital deployments at the beginning of 2015, ordering 17 units of integrated projection systems that, with those systems in place, operate 63 percent of Major Cineplex screens. In addition, over 250 screens are now managed by GDC’s TMS, and a figure expected to increase to over 500 screens by the end of year.
GDC also announced it recorded strong sales of its integrated projection systems in the Southeast Asia region in Q1 2015. As of today, the sales of GDC’s integrated projection systems reached 67 units this year in Southeast Asia alone. GDC’s integrated projection systems were shipped to Indonesia, Thailand, Laos, Cambodia and Vietnam.
“I am excited about the continued growth in our addressable market,” said Dr. Man-Nang Chong, founder, chairman and CEO of GDC Technology, “and I am pleased with GDC’s increasing competitive advantage in Southeast Asia. Our investments in the region are aligned with evolving needs in these markets.”
In addition to a network operations center in Singapore, GDC opened its first office in Indonesia last year, making it the dominant digital cinema solution provider for three key local exhibitors. Cinemaxx, a new cinema circuit in Indonesia owned by Lippo Group, is poised to become one of Indonesia’s largest and most preferred motion picture exhibitors with more than 1,000 screens and 150 locations planned across 77 cities.