SQUID GAME Season 3 and the Popularity Dilemma: The Bigger It Gets, The More It Loses Its Soul?
Since its first release in September 2021, SQUID GAME has become a global phenomenon that has not only skyrocketed on Netflix's watch list.
Kapanlagi.com - SBS Co., Ltd., a South Korean broadcasting company, has just announced an investment of IDR 331 billion in PT MD Entertainment Tbk. This investment is made through the issuance of new shares, where SBS acquires 3.8% of MD Entertainment's shares.
This move marks SBS's debut in the Indonesian media industry, strengthening the relationship between two entertainment giants in Asia. With this investment, MD Entertainment is expected to expand its reach and content production in the Southeast Asian market.
The investment of IDR 331 billion will be used to pay off loans and working capital for MD Entertainment. This is a strategic move that is expected to bring benefits to both parties.
(credit: Joynews24)
SBS's investment is made through a rights issue, where MD Entertainment issued 987 million new shares at a price of Rp 800 per share. SBS acquired these shares through the transfer of preemptive rights from PT MD Corp Enterprises.
The funds obtained from this rights issue, which could reach Rp 791.8 billion, will be used to pay off loans to PT Bank Mandiri and for working capital. This demonstrates MD Entertainment's commitment to strengthening its financial position.
This investment marks SBS's first strategic step in the Indonesian media industry. Collaboration in the production and distribution of content in Southeast Asia is expected to increase, opening new opportunities for both companies.
MD Entertainment is known as the largest media conglomerate in Indonesia, producing blockbuster films such as KKN di Desa Penari and Ayat-Ayat Cinta. The company has also launched MDTV, its own distribution platform.
The chairman of MD Entertainment, Manoj Punjabi, hopes that SBS's strategic investment participation can contribute to their global expansion strategy. This is an opportunity to confirm the potential for cross-border collaboration.
(credit: SBS)
SBS is a national television and radio broadcaster in South Korea known for its dramas and variety programs. This investment marks their expansion into the promising Southeast Asian market.
SBS President, Bang Moon-shin, stated that this investment is part of a plan to strengthen overseas partnerships. He added that discussions began at the end of last year and were completed this year after on-site inspections.
Manoj Punjabi (credit: KapanLagi.com/Adrian Utama Putra)
Indonesia is becoming an attractive market as a strategic entry point for global media companies. With a population of 280 million people, the demand for local content and rapid growth in the OTT market is increasing.
What will the content be like later? Let's wait and see together!
SBS is a national television and radio broadcaster in South Korea, known for its dramas and variety programs. This investment marks their expansion into the promising Southeast Asian market.
The President of SBS, Bang Moon-shin, stated that this investment is part of their plan to strengthen overseas partnerships. He added that discussions began at the end of last year and were finalized this year after on-site inspections.
The Chairman of MD Entertainment, Manoj Punjabi, hopes that SBS's strategic investment participation can contribute to their global expansion strategy. This is an opportunity to confirm the potential for cross-border collaboration.
Indonesia has become an attractive market as a strategic entry point for global media companies. With a population reaching 280 million people, the demand for local content and rapid growth in the OTT market is increasing.
Manoj Punjabi (credit: KapanLagi.com/Adrian Utama Putra)
Who is the owner of MD Entertainment?
Manoj Punjabi is of Indian-Sindhi descent. He is married to Shania Punjabi and has 3 children. His uncle is Raam Punjabi, the owner of Multivision Plus (MVP), a family entertainment business before Manoj separated to form MD Entertainment.
Who is the CFO of MD Entertainment?
Priyadarshi Anand
(kpl/pit)
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