HOLLYWOOD — Envoy Media Partners, operator of an eight-plex in Hanoi, has secured operating licenses for three extra cineplexes in Vietnam, boosting its licenses to five.
Envoy, the majority shareholder of MegaStar Mediv JV Vietnam, said it’s already generated excellent results from the MegaStar Cineplex Vincom Tower eight-plex in Hanoi, which opened in May.
The company is constructing eight-plexes in Hai Phoung, Ho Chi Minh City and Saigon and a six-plex in Bien Hoa, each with 1,200 seats, stadium architecture and lobbies with Highland Coffee and Heineken cafes.
Envoy topper J. Ddward Shugrue said the company’s planning two additional projects under its first financing.
He predicted that the addition of the complexes will double the current gross for every film that comes into Vietnam.