(HCM City, 30 March 2021) - Galaxy Studio (Galaxy Studio Joint Stock Company) made the official announcement that they have reached an agreement with The Walt Disney Company (Southeast Asia) and have been appointed as the exclusive distributor of theatrical movie releases from The Walt Disney Studios in the Vietnamese market.
From 1 January 2021, Galaxy Studio is officially the exclusive distributor of all theatrical feature films from The Walt Disney Studios in the Vietnamese market.
From highly anticipated live action blockbusters produced by Marvel Studios, Disney Studios, 20th Century Studios and LucasFilm, to animation films from Pixar Studios and Walt Disney Animation Studios, Galaxy Studio will bring Disney theatrical content to the big screens in Viet Nam.
CEO of Galaxy Studio, Ms. Dinh Thanh Huong, said: “Theatrical releases from The Walt Disney Studios are known to cater to local needs and the country’s distinct culture through voice dubbing, music composition and localisation, Disney shows their commitment to connect with local audiences through their quality films and localisation efforts, and working with local partners that truly understand the local landscape and audience preferences. Having operated for more than 20 years in the Vietnamese film industry, Galaxy Studio has shown itself as an incredible partner. Galaxy has entertained millions of cinema goers with Viet Nam-produced films as well as foreign movies from its cooperation with major Hollywood Studios, contributing significantly to the overall development of the movie market. Galaxy has an excellent track record of being a local company with professional international standards, proving itself to be Disney’s best choice for the Vietnamese movie scene.”
“We hope that in the near future, The Walt Disney Studios together with Galaxy Studio will enter other partnerships to further promote the development of the Vietnamese cinematic industry,” according to Ms. Dinh Thanh Huong.
To best serve this partnership, Galaxy Studio established Galaxy Links One-Member Company Limited (a member of Galaxy Studio) with the sole task of bringing all of The Walt Disney Studios films to the Vietnamese people through all cinema chains for concurrent release with other countries in Asia.
This partnership demonstrates The Walt Disney Studios’ profound interest and long-term sustainable development strategy in the Vietnamese film industry, which is forecast to grow by a world-leading average of 15% per year (compared to 2019). The Vietnamese audience will get to enjoy the finest cinematic experiences through the theatrical releases from The Walt Disney Studios.
About Galaxy Studio:
Galaxy Studio – Thien Ngan Joint Stock Company – is a member of Galaxy Media and Entertainment Joint Stock Company. As the leader in the entertainment industry, Galaxy Media and Entertainment JSC operates in film production (with several films which left their mark on the cinema scene such as Yellow Flowers on the Green Grass, Vengeful Heart, Dreamy Eyes, Sister Thirteen), VOD streaming (Galaxy Play), and cinema exhibition and movie distribution (Galaxy Studio).
Galaxy Studio was the first private Vietnamese company to invest in the film industry when Viet Nam first opened its doors to this industry in 2003. After almost 20 years, Galaxy Studio has grown to be one of the largest entertainment and integrated media companies in the country, with active operations in film distribution and movie theatres.
With its breadth of experience, Galaxy Studio has successfully released several foreign and Vietnamese films, holding numerous records for the number of movies released in the market, as well as the impressive box office revenue over the years, such as Venom, Spider-Man sequels, Deadpool, X-Men sequels, and FriendZone. Most recently, Old Dad has achieved top 1 highest GBO of all time besides Win My Baby Back (2019) and Dreamy Eyes (2019) have been the Top 2 and 3 highest-grossing Vietnamese movies of all time.
Galaxy Studio is also proudly the long-standing official distributor for major international studios from Hollywood, Europe and Asia.
About The Walt Disney Studios:
For over 95 years, The Walt Disney Studios has been the foundation on which The Walt Disney Company was built. Today it brings quality movies, episodic storytelling, music, and stage plays to consumers throughout the world. The Walt Disney Studios encompasses a collection of respected film studios, including Disney, Walt Disney Animation Studios, Pixar Animation Studios, Marvel Studios, Lucasfilm, 20th Century Studios, Searchlight Pictures, and Blue Sky Studios. It is also home to Disney Theatrical Productions, producer of world-class stage shows.