Barco to supply equipment for 100 new cinemas
Local distributor Clover Solution will install US$6 million worth of Brusselsmade technology to 100 movie theatres slated to be built across Myanmar over the next two years.
CLOVER Solution has signed with local company MAZE to install US$6 million in cinema equipment, made by Brussels-based technology firm Barco, in 100 cinemas slated to be built across Myanmar over the next two years.
The two local companies signed the deal yesterday in Yangon, one week after MAZE, which is run by actor U Lwin Moe, announced ambitious plans to build movie theatres across the country.
Clover Solution managing director U Zin Aung Soe said each projector will cost between $30,000 and $40,000 to install. “It will cost more than $60,000 to install equipment at each cinema including audio systems, so we have estimated the total cost at $6 million for 100 cinemas,” he told The Myanmar Times.
MAZE hopes the new investment, backed by financing from conglomerate KBZ Group, will help to revitalise Myanmar’s film industry. “If there are cinemas, the film industry will make more income, but we need to attract audiences with good-quality theatres,” said U Lwin Moe.
There were more than 400 cinemas nationwide in the early 1980s, but by the 2010s this had dropped to around 40, the company said. Many cinemas went out of business and the buildings have since been demolished to make way for hotels, shopping malls, and apartment and office buildings.
This has had a knock-on effect on country’s film industry. Producers struggle to make profits, because their films have to queue – sometimes for years – to be released on the big screen.
It will cost nearly $20 million to build 100 cinemas. As a pilot project, two cinemas are already being built – one in Aungban, Kalaw township, in southern Shan State and another in Yangon Region’s Taikkyi township.
“We will build the first two cinemas in two-and-a-half or three months,” U Lwin Moe said. “After installing seats, air-conditioning and sound systems, we will make the steel structure and precast concrete walls for 10 cinemas in a month.”
Assuming the pilot is successful, the company will start to build the other 98 cinemas in November. Each cinema will have 316 seats and will feature a Dolby digital sound system.
“I think we will recover our capital within four years,” U Lwin Moe said.
At a press conference earlier this month, KBZ said it had issued a K20 billion project loan to cover construction expenses and land acquisition, with around K200 million earmarked for each cinema.
Officials address media at a signing ceremony between MAZE and Barco supplier Clover Solution at Novotel Hotel Yangon.