Mono Next Public Company Limited (SET: MONO) has announced the establishment of a joint venture by its subsidiary, Mono Streaming Co., Ltd. (MSM). The notification, dated May 9, 2025, informed the Stock Exchange of Thailand about this development. MSM is a wholly owned subsidiary of Mono Next, held through Mono Cyber Co., Ltd.
MSM has partnered with Major Join Film Co., Ltd., a company noted for its expertise in the production of movies. The joint venture is officially named Joint Venture Major Join Film and Mono Streaming.
Major Join Film Co., Ltd. is a subsidiary of a Thai listed-company Major Cineplex Group Public Company Limited (SET: MAJOR).
The core objective of this joint venture is to produce and distribute films both locally and internationally, including handling marketing and commercial rights. The investment date for the joint venture was April 29, 2025.
The total capital value of the joint venture is 93.00 million Baht. MSM is investing 70% of this total capital, amounting to 65.10 million Baht. The source of funds for this investment comes from the working capital of Mono Next Public Company Limited.
The expected benefits of establishing this joint venture are to align with the company’s strategic plan by expanding business opportunities and generating revenue through joint film projects.
