In 2017, to reach the goal of being the leader of film-related business, M Pictures Group adjusted business policies and strategies; for instances, distributing film rights in diverse channels especially Cable TV and Digital TV, as well as producing Thai films for domestic market in order to meet the change of consumer behavior on technologies which has substantially increased. The group’s has to close down the manufacturing and distribution VCD, DVD and Pocket Book. Consequently, the group’s gross revenues have been decreased from 485.21 million baht in 2015 to 363.59 million baht in 2018
In 2017, Cinema business has moderately expanded especially in the up country that was an opportunity in the growth of Thailand’s film industry. Furthermore, the company also completed joint investment with business partners to launch a film studio for increasing the film manufacture capacity to support the prosperity of Thai film industry.
The Board of Directors strongly believes that the adjustment of policies and strategy to current circumstances, especially film rights distribution in Cable TV and Digital Media, including other channels e.g. to be the pioneer of Licensing Distribution including the group is efficiently adjust the cost and expenses strategy up to date, will essentially advance the company to become the leader of film-related business with more stability.
On this occasion, I, on behalf of the Board of Directors, would like to express our highest appreciation to shareholders, investors, clients, business partners and associates for any kind supports. In addition, I would like to thank all the executives and also the employees for their hard work, dedication, and responsibility on various important assignments which firmly and increasingly strengthen the company as well as subsequently lead the organization to the goal-oriented achievement. I believe that the company still has prosperous potentials to grow further and I wish for your unfaltering support and cooperation.