Friday, February 8, 2013

Report: Q.media buys Gulf Film, region’s largest cinema chain


Qatar Media Services (q.media) has fully acquired UAE-based Gulf Film, owner of a film distribution company and Grand Cinemas, the Middle East’s largest cinema chain, Variety Magazine reports.
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Q.media, which acquired a majority stake in the company last year, has previously announced plans to open some 50 multiplex cinemas in Qatar over the next three years. 
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That includes a giant $10 million cinema complex at the Pearl-Qatar’s Medina Centrale, which was slated to open in 2012; a 350-seat complex in Al Khor; and a 2,400 cinema complex in northern Qatar - possibly in Festival City. Both of those theaters are supposed to open sometime this year.
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Read more: http://dohanews.co/post/42574293695/report-q-media-buys-gulf-film-regions-largest-cinema#ixzz2KK7SHetU

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