
Jakarta - PT Media Nusantara Citra Tbk (MNCN) finally canceled bought Blitz Megaplex cinema network. This is because no deal between the two parties regarding the price. This was conveyed by a representation which is an MNC Group President Global TV David Audy on Friday (08/02/2013).
"MNC Group was initially established partnership and talks for acquisitions but it was not finished and canceled," said David. "So we are off to get into the business of cinema. Because there is no agreement," added David. Furthermore David said, MNC Group has funds to Rp 5 trillion for expansion in the business media. "We spend $ 4 to U.S. $ 5 trillion. We develop untapped business media such as IPTV (Internet Protocol Television)," he explained.
Earlier, the MNC Group, owned by businessman Hary Tanoesudibjo it was approached by Blitz Megaplex for acquisition. This is done MNC Group to develop the cinema business.
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