Titan Capital Closes Deal to Acquire Neramitnung Film, Commits 500 Million Baht to Push Thai Films Onto the World Stage

Mr. Tanthai Narongkul, Chief Executive Officer of Titan Capital Group Holdings Co., Ltd., revealed that given the growing popularity of Thailand’s entertainment industry within the Soft Power dimension — which is being supported across every sector — the company sees an investment opportunity in the entertainment business. It therefore decided to acquire Neramitnung Film Co., Ltd., one of Thailand’s leading quality film studios, recognizing the company’s full potential, creativity, and willingness to boldly introduce new ideas to the Thai film industry, earning it wide recognition.

“Most recently, the company increased Neramitnung Film’s registered capital by an additional 100 million baht (fully paid), bringing the total to 115 million baht, with the goal of producing films to break into the global entertainment market and investing in related businesses with strong growth potential in the future. Over the next 1–2 years, the company will invest no less than 500 million baht to carry forward more than 10 film projects for release both in Thailand and abroad, including on streaming platforms, as well as to open up movie-watching experiences through VR technology so that audiences worldwide can watch films in the Metaverse. The company is also still ready to build on the success of 4 Kings (2021) — after the first installment raked in blockbuster earnings of 170 million baht, the company plans to produce a second installment, set for release next year for sure.”

Source: Khaosod