Business For Sale. Vietnamese Entertainment Business

This business is an entertainment company, having produced and/or distributed music projects, videos, live shows, commercials, a film and an educational interactive project. It was officially formed in 1997, targeting the Vietnamese entertainment market in Vietnam and U.S. Up until the end of 2000, it had owned and operated its own recording studio/production house in Ho Chi Minh City, formerly know as Saigon. Since then, it had curtailed its operation due to a failed merger. It was organized at an approximate cost of 24;600,000 that included about 24;100,00 for permits and licenses which took over two years to attain. They own the rights to produce a number of projects currently in different stages of production. The population of Vietnam is approximately 80 million with over 50%; under the age of 35, most of whom are part of the postwar 91;babyboom92;. In addition, another 6 million Vietnamese are living abroad in various countries with a large concentration on Orange County, California. The entertainment industry in Vietnam is in its infant stage and has exponential growth potential. The government is currently tightly controlling this growth. However, the rules and regulations are easing everyday as we speak, making the entertainment industry a desirable one to get into. This business would be perfect fit for a strategic buyer who wishes to expand their operation and/or to tap into this potentially rewarding market or for a buyer who simply wishes to lower its production cost.