NEWS
Hary Tanoe x Raam Punjabi; Indonesia’s MNC completes acquisition of strategic stake in Multivision
16 September 2024
Indonesia’s PT MNC Digital Entertainment (MSIN), part of the MNC Media & Entertainment empire, has completed the acquisition of a strategic stake in veteran producer Raam Punjabi’s PT Tripar Multivision (aka RAAM), initiating what it describes as a “Synergistic Entertainment Powerhouse”.
A key benefit of the deal appears to be cross-distribution for Multivision’s content across MNC platforms, including free TV, pay-TV and streaming, and for MNC’s content in Multivision’s cinemas in Indonesia.
“This acquisition underscores the company’s confidence in the future of entertainment and dedication to expanding its presence in key market segments,” MSIN said on Friday (13 Sept).
The two companies plan to service Indonesian and international audiences across multiple platforms from free-to-air broadcast TV to cinemas, and said that using MSIN’s Movieland studio as a production hub “will significantly reduce production costs”.
Movieland is a 21-hectare outdoor production compound located in SEZ MNC Lido City.
MNC used the announcement to trumpet its social media might, saying that it had 607.5 million subscribers/ followers in August 2024 and a monthly average of 1.5 billion views.
MNC also operates two streaming apps – RCTI+ (AVOD) and Vision+ (SVOD) – which together have 110 million monthly active users and 2.8 million paid subscribers.
Multivision’s theatrical releases include "Di Ambang Kematian", which sold more than 3.23 million tickets, as well as "Kuntilanak" 2 and 3, which together sold more than three million tickets.
Multivision has also produced more than 15,000 hours of TV series, including "Tersanjung" and "Gara-Gara".
MNC Group executive chairman, Hary Tanoesoedibjo, said the acquisition “represents a significant achievement in our efforts to expand our presence in Indonesia’s media and entertainment sector... Together, our companies will strive to further enhance our market leadership not only in I...
Indonesia’s PT MNC Digital Entertainment (MSIN), part of the MNC Media & Entertainment empire, has completed the acquisition of a strategic stake in veteran producer Raam Punjabi’s PT Tripar Multivision (aka RAAM), initiating what it describes as a “Synergistic Entertainment Powerhouse”.
A key benefit of the deal appears to be cross-distribution for Multivision’s content across MNC platforms, including free TV, pay-TV and streaming, and for MNC’s content in Multivision’s cinemas in Indonesia.
“This acquisition underscores the company’s confidence in the future of entertainment and dedication to expanding its presence in key market segments,” MSIN said on Friday (13 Sept).
The two companies plan to service Indonesian and international audiences across multiple platforms from free-to-air broadcast TV to cinemas, and said that using MSIN’s Movieland studio as a production hub “will significantly reduce production costs”.
Movieland is a 21-hectare outdoor production compound located in SEZ MNC Lido City.
MNC used the announcement to trumpet its social media might, saying that it had 607.5 million subscribers/ followers in August 2024 and a monthly average of 1.5 billion views.
MNC also operates two streaming apps – RCTI+ (AVOD) and Vision+ (SVOD) – which together have 110 million monthly active users and 2.8 million paid subscribers.
Multivision’s theatrical releases include "Di Ambang Kematian", which sold more than 3.23 million tickets, as well as "Kuntilanak" 2 and 3, which together sold more than three million tickets.
Multivision has also produced more than 15,000 hours of TV series, including "Tersanjung" and "Gara-Gara".
MNC Group executive chairman, Hary Tanoesoedibjo, said the acquisition “represents a significant achievement in our efforts to expand our presence in Indonesia’s media and entertainment sector... Together, our companies will strive to further enhance our market leadership not only in Indonesia but also beyond. RAAM is renowned for setting trends and anticipating the future of entertainment, and we are eager to continue pushing the boundaries of the creative industry alongside them”.
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