US private equity firm the Carlyle Group has taken an 80 per cent stake in Asia’s largest provider of cinema digital servers in a bid to cash in on the explosive growth of the Chinese film-going market.
China currently has around 7,000 commercial cinema screens across the whole country, or around one-seventh the number in the US, but it is adding an average of three screens a day, by far the fastest growth rate anywhere in the world.
Carlyle’s latest acquisition is Hong Kong-based GDC Technology, which holds around 54 per cent of the market for the digital cinema servers at the centre of the current wave of cinema digitalisation.
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