May 03, 2006
The Hollywood Reporter
BVI, Megastar ink Vietnam distrib'n deal

The opening of Vietnam as a meaningful market for major studio films took another step forward Tuesday as Buena Vista International, Walt Disney Studios' overseas distribution arm, announced an arrangement to release its films in the country. The deal sees Megastar, a joint venture of leading Vietnam multiplex company Envoy Media Partners, headed by Ted Shugrue and Phuong Nam Corp., serving as BVI's distribution agent in the territory. London-based UIP, which handles the foreign distribution of Paramount, Universal and DreamWorks, entered the market last month after concluding a similar deal with Megastar, which was licensed by the Vietnamese government in 2004 to build movie complexes and organize a film distribution company. (Hy Hollinger)