Grammy in alliance to boost film production.(In Film)(Tai Entertainment)(GMM Tai Hub Co )(Brief Article)

Three of Thailand's major production and film houses are joining forces to form film company--GMM Tai Hub Co (GTH)--with the goal of producing 50 Thai films a year. GMM Grammy, Thailand's largest entertainment company, will have a 51 per cent share in the venture, which has a registered capital of US$7.7 million.

Tai Entertainment will hold a 30 per cent stake while Hub Ho Hin holds the remaining 19 per cent. Grammy chairman and founder, Paiboon Damrongchaitham, is chairman. Day-today operations ...

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