EAP Films explained

EAP Films & Theatres
Type:Subsidiary
Industry:Entertainment
Founder:EAP Edirisinghe
Soma Edirisinghe
Revenue: Rs 34.2 billion (2019)
Owner:Ben Holdings (since 2019)
Parent:EAP Holdings (1972-2019)
Ben Holdings (Lycamobile) (2019-present)
Subsid:Savoy Cinema

EAP Films was originally founded as Edirisinghe Cinema Theatres in 1972. It has the largest share of the Sri Lanka theatre market with more than 15+ screens island-wide. It started producing films in 1994 and its first release was Dhawala Pushpaya (1994). The company has been listed on the Colombo Stock Exchange since the 2000s.[1]

History

The company was founded by a husband-and-wife team in 1972 as Edirisinghe Cinema Theatres under its parent company, EAP Group. EAP acquired Savoy Cinema theatres in 1974. At first only Sinhala films were distributed, but during the mid-1980s a license for distribution of Hollywood movies was added.

Its theatres converted to digital in 2014. A cinema was built in Wellawatte.[2] EAP Film had their highest recorded bookings of 10,000 tickets for the 3D Tamil film 2.0.[3] Sunil Ariyaratne's Vijayaba Kollaya, Gajaman was also screened in 3D.[4]

In 2015 Village Roadshow of Australia and EAP Group signed a partnership.[5] In 2019, Ben Holdings acquired EAP Films for 12 billion Rs.[6]

In 2019, EAP Broadcasting Company parent company EAP Holdings was acquired by Lyca Group. EAP Broadcasting Company is a subsidiary of Ben Holdings along with Lyca Productions.[7]

Circuit

Apart from theatre, EAP Films & Theatres have their own circuit which is used to distribute film to theatres.

EAP Theatres!Film theatre!Location!Opened
Regal CinemaKompanna Veediya1941
Savoy Cinema 1 3DWellawatte1949
Samantha CinemaDematagoda1949
Tower CinemaMoratuwa1952
Nikado CinemaKadawatha1959
Jothi CinemaRatanapura1964
Quinlon CinemaNugegoda1976
Savoy Cinema (Roxy cinema) Wellawatte1982
Wilmax CinemaAnuradhapura1986
Queens CinemaGalle1991
Cinemax CinemaJa-Ela1993
Regal CinemaAmbalangoda1998
Sinexpo CinemaKurunegala2002

Notes and References

  1. Web site: 2015-11-05. Leading entrepreneur and philanthropist Soma Edirisinghe laid to rest. 2021-01-16. Sri Lanka News - Newsfirst. en.
  2. Web site: EAP theatres to go digital with a 400 million Rs. investment Daily FT. 2021-01-16. www.ft.lk. English.
  3. Web site: 2.0 is on a record-breaking start with EAP Films & Theatres in Sri Lanka . 2018-12-03 . 2021-01-16. bizenglish.adaderana.lk.
  4. Web site: Sunil Ariyaratne brings W.A. Silva’s ‘Vijayaba Kollaya’ to screen Daily FT. 2021-01-16. www.ft.lk. English.
  5. Web site: EAP Films books Australian giant for JV to promote modern cinema multiplexes Daily FT. 2021-01-16. www.ft.lk. English.
  6. Web site: Ben Holdings’s Savoy Cinemas secure Distribution rights of Dr. Somaratna Disanayaka’s upcoming movie ‘Tsunami’ . 2019-01-30 . 2021-01-16. bizenglish.adaderana.lk.
  7. Web site: editor . 2023-03-23 . Aliraja to buy state-owned shares in Telecom & Lanka Hospitals! . 2024-07-08 . en-US.