DOHA: Qatar Media Services (q.media), has completed the acquisition of Gulf Film and Grand Cinemas, the largest film distributor and cinema operator in the Middle East.
Gulf Film distributes the lion’s share – an unequivocal 50 percent market share – of the Middle East’s movie releases; among its sources for the Gulf territories are Hollywood majors Paramount and Universal. Gulf Film also holds leading exhibitor status through its Grand Cinemas movie theatres, the region’s largest cinema chain with more than 136 screens and 60 percent of the UAE’s film exhibition market.
Yousif R. Al Khater, Group Chief Executive at q.media, commented on the acquisition,“Gulf Film is certainly a great addition to q.media’s growing media and entertainment service portfolio and we will surely utilize its unwavering market dominance to our benefit.”
“This is a great moment for q.media,” added Jaber Al Ansari, Chief Enterprise Management Officer at q.media. “Gulf Film is considered to be one of the biggest film distribution firms in the region and with its vast numbers of theaters it is a complete entertainment package.”
Read more: http://thepeninsulaqatar.com/qatar/226782-qmedia-acquires-gulf-film-grand-cinemas.html
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