Jakarta. The film production and distribution company Tripar Multivision Plus (RAAM) announced on Monday that its stock has been officially listed on the Financial Times Stock Exchange (FTSE)’s Global Equity Index.

The achievement follows the company’s robust financial results and steady business growth in the entertainment business.

Tripar Multivision’s net profit is projected to reach Rp 100 billion for 2023, riding on the success of recent movie releases.

As of 2023, Tripar Multivision has a library of 15,000 hours of soap operas and more than 650 movie titles. 

Its latest film “Di Ambang Kematian” (‘On the Verge of Death’) was a box-office hit and attracted at least 3.3 million viewers so far.

It has received new orders of soap operas equivalent to 365 hours. During the last three quarters of 2023, the company’s revenue grew 2 percent from Rp 226 billion to Rp 231 billion. About 47 percent of the revenue came from soap operas, while movies accounted for 22 percent. 

Tripar Multivision also plans to produce 13 movies next year, develop its digital business, and acquire a 35 percent stale in DMS+, an OTT platform catered for horror enthusiasts founded by Demian Aditya and Sarah Wijayanto. 

DMS+ has attracted 1.3 million viewers and recorded 500,000 downloads with 278,000 active users.

Tripar Multivision is the largest Indian film distributor in Indonesia, Thailand and Timor Leste, representing over 95 percent of the market share. It also distributes its Indonesian films in Malaysia, Singapore, Vietnam, and Cambodia, while also expanding its market to Thailand and Myanmar.