Aug 15, 2012

Fox to release 'Titanic 3D' in Myanmar: Pic marks first studio bow in many years

Twentieth Century Fox has announced the release of "Titanic 3D" in Myanmar, formerly known as Burma, marking the first major studio release in the southeast Asian country in years.

"TCF Intl. is proud to be a pioneer in entering emerging markets and working with local businesses to further develop these endeavors," said Fox Intl. co-presidents Tomas Jegeus and Paul Hanneman in a statement from Fox announcing the plans. "In recent years, we have entered markets such as Vietnam, Cambodia, Mongolia and Papua New Guinea. We have noted with great interest the reforms taking place in Burma under Thein Sein and look forward to visiting our newest territory when we travel Asia later this year."

Myanmar-based exhibitor the Mingalar Co. will show the picture. Mingalar, the company's largest exhib, operates eight single screens, according to Monday's statement.

Stereoscopic version of James Cameron's 1997 blockbuster unspooled last spring, and has since grossed nearly $344 million worldwide.

Ruled by a repressive military regime, Myanmar has been isolated from the rest of the world for decades. Despite a population of 60 million, the number of theaters in the region totalled just 100 as of last year, down from a high point of triple that.

Source: Chicago Tribune