These Two Shares Of Hary Tanoe's Company Increase Up To 34 Percent, Thanks To Movieland

Conglomerate Hary Tanoesoedibjo. (Photo: Instagram @ hary.tanoesoedibjo)

JAKARTA - The media content provider company owned by Hary Tanoesoedibjo, PT MNC Studios International Tbk (MSIN) has officially started the construction of an outdoor film and drama series studio or Movieland, in the Lido area, West Java, which has recently become a new Special Economic Zone (KEK) by the government.

The inauguration of the megaproject development which will cost an investment of IDR 33.6 trillion was made on Saturday, February 13, 2021. Hary Tanoe hopes that the production quality of PT MNC Studios International Tbk (MSIN) can be like Hollywood.

Various positive reports have also flown to Hary Tanoe's company in the past two days. As a result, the shares of MNC Studios and PT MNC Land Tbk as the developer of the area strengthened significantly today, Tuesday 16 February.

MNC Studios shares were able to gain 10.89 percent or 22 points to the level of IDR 224 per share. MSIN's market capitalization is in the position of IDR 2.56 trillion

Photo: Capture the RTI screen

Meanwhile, MNC Land shares also flew 34.31 percent at the close of trading today. The share price of the issuer coded KPIG is now at the level of IDR 184 per share with a market capitalization of IDR 14.84 trillion.

Photo: Capture the RTI screen

"Movieland was built to increase local and foreign filmmakers in Indonesia, which have grown rapidly over the past few years. Movieland is intended to be a one-stop facility that will have a significant impact on improving the overall quality of our production", said MNC Studios President Director Ella Kartika in a written statement, which was quoted on Tuesday, February 16.

Movieland carries the concept of an integrated film and drama series industry that will be equipped with various production facilities such as outdoor and indoor shooting locations and equipment with world-class technology, ranging from cameras, sound to other sophisticated facilities to support the post-production process.

Ella said Movieland presents various needs for open areas for shooting activities such as residential areas for elite housing, urban settlements, and rural areas supported by other sets such as gas stations, hospitals, bus stops, train stations.

In addition, MNC Studios is also preparing various other areas for the colossal shooting of scenes, where open and flexible areas are located, including areas with royal backgrounds in Indonesia such as the Islamic and Hindu kingdoms also being developed.

Movieland will be built on 21 hectares of land in the MNC Lido City area. The total area of MNC Lido City reaches 3.000 hectares.

Movieland will also have an indoor studio of 1.500 square meters with a giant green screen and other special sets to support the production process of films and drama series.