Cinema XXI Received Indonesia’s Best Managed Companies 2024
- Cinema XXI received Indonesia's Best Managed Companies 2024 award from Deloitte in recognition of the company's commitment to providing the best movie-watching experience at affordable prices for the Indonesian people.
- Cinema XXI received this award for the second consecutive year.
Jakarta, August 10, 2024 - PT Nusantara Sejahtera Raya Tbk (Cinema XXI, stock code: CNMA), the largest cinema chain operator in Indonesia, has been honored with Indonesia's Best Managed Companies 2024 award by Deloitte. This is the second consecutive year that Cinema XXI has received this prestigious award.
Cinema XXI Director Dody Suhartono received Indonesia's Best Managed Companies 2024 award in Jakarta. He mentioned that this recognition signifies Cinema XXI's commitment to sustainably managing the company's business. The commitment aims to provide all Indonesians with the best movie-watching experience at affordable prices, while also supporting the growth and development of the domestic film industry.
“Winning Deloitte’s Best Managed Company award for the second consecutive year is an incredible honor. It reflects our team’s passion, innovation, and relentless pursuit of excellence. Cinema XXI is dedicated to setting new standards in the industry, creating unforgettable experiences for our audience, and championing sustainability in all we do. This award reaffirms our commitment to our three pillars: uncompromised quality, affordable entertainment, and forever better,” Dody stated.
Indonesia’s Best Managed Companies awards program is one of the country’s leading business programs that recognizes innovative and world-class private businesses. Every year, aspirational companies compete for this designation through a rigorous and independent evaluation process, benchmarked against a global standard framework applied across more than 1,300 Best Managed Companies in 46 countries worldwide.
Chua How Kiat, Best Managed Companies Leader Deloitte Southeast Asia, said: “The winners of Indonesia’s Best Managed Companies awards stand out for their innovation, purpose-driven value creation, industry leadership, commitment to sustainability, active talent engagement, and customer centric mindset. Having witnessed the evolution of the winners through the awards process, particularly for those who have participated over recent years, it is remarkable to see how they have raised the bar for success among private businesses in Indonesia.”
The Best Managed Companies awards evaluate businesses based on four core pillars of strategy, culture and commitment, capabilities and innovation, as well as governance and financials. The Best Managed Company is expected to inspire many stakeholders to build an extraordinary business ecosystem. Cinema XXI has been recognized for the second consecutive year due to its industry leading performance, excellent business practices, and sustained growth.
The award is expected to increase the trust of all stakeholders and the Indonesian people in Cinema XXI. Additionally, this award reinforces Cinema XXI's commitment to providing widespread access for the public to watch their favorite films, including by opening cinemas in potential areas throughout Indonesia. In the first half of 2024, Cinema XXI opened 8 new locations and an additional 37 screens, including 6 IMAX® studios. As of June 30, 2024, Cinema XXI has operated 248 cinemas with a total of 1,317 screens in 61 cities/regencies spread across Indonesia.
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About Cinema XXI
Cinema XXI, operates under the auspices of PT Nusantara Sejahtera Raya Tbk, is the largest cinema chain operator in Indonesia with more than 35 years of experience in the film exhibition industry. Cinema XXI is committed to always providing the best moviegoing experience and convenience for the people of Indonesia. As of June 30, 2024, Cinema XXI has presented 1,317 screens in 248 cinema locations across 61 cities/regencies throughout Indonesia.
In 2006, Cinema XXI launched m.tix to facilitate SMS-based cinema ticket ordering which was then developed into an online based application. In 2012, Cinema XXI presented a movie-viewing experience with revolutionary technology, namely the IMAX theater. To better improve the services given to customers, Cinema XXI has also equipped the theaters with the latest "Dolby Atmos" audio system, which is now available on 75 screens.
Not only a place to watch movies, Cinema XXI is also a second home for people to spend quality time with family and friends. Cinema XXI presents an unforgettable moviegoing experience for today and tomorrow. For three consecutive years in 2017, 2018, and 2019 Cinema XXI has been awarded the "World Branding Award" in Kensington, London as the Best Brand in the Entertainment Cinema Category (National Tier). In early 2019, Cinema XXI was also been awarded the "Millennials Top Brand Awards" by one of the preferred media of Indonesia’s young generation as the first choice of millennials for the category of leading cinema network in Indonesia. Despite the pandemic condition, in 2020, Cinema XXI was named "Industry Champion of the Year" by the Asia Corporate Excellence and Sustainability (ACES) Awards and “Indonesia Best Managed Company” by Deloitte in 2023.