The
Lippo Group of the Riady family plans to develop 1,000 screens within five
years across the country, under its Cinemaxx brand. They will first focus on
second and third tier cities before looking into major metropolises including
Jakarta.
The large firm, with interests in real
estate, media, retail, healthcare and hospitality, is in good place to develop
Indonesia’s exhibition infrastructure, owning shopping malls with political links
essential for the job.
During recent months, deals have been
signed with technology providers including Barco, Dolby Atmos, GDC and Masterimage
3D, this is as well as the firm also developing its own giant screen brand,
MegaMaxx. The CEO of Cinemaxx announced at the recent CinemaCon of goals to
offer state-of-the-art technology with first-class amenities.
