Liberty Lands and Developments (LLD) has completed its acquisition of the remaining shares of Scope Cinemas, marking a decisive move to consolidate ownership and strengthen its position in Sri Lanka’s entertainment industry. The deal grants LLD full control of the cinema chain, aligning with a broader restructuring strategy aimed at streamlining operations and enhancing long-term growth.
The acquisition signals a shift toward tighter integration across LLD’s diverse business interests, which span entertainment, hospitality, real estate, and food and beverage. By bringing Scope Cinemas entirely under its umbrella, the company is positioning itself to create stronger operational cohesion” while reinforcing its focus on delivering high-quality entertainment experiences.
Industry observers view this move as part of a calculated effort to future-proof the group’s entertainment portfolio. Scope Cinemas has long been a prominent player in Sri Lanka’s cinema landscape, known for modern screening technology and premium audience experiences. Full ownership now allows LLD to align the cinema chain more closely with its broader corporate vision, ensuring consistency in branding and service delivery.
The transition also ushers in a notable leadership change. Thushan Rangana Meemanage has stepped down from his roles as Chief Executive Officer and Director of Scope Cinemas, along with his positions in affiliated companies, effective 31 March. His departure reflects a strategic leadership shift as the company adapts to its new structure and evolving priorities.
Stepping into the role is Naveed Cader, who has been appointed Interim CEO while continuing as Executive Chairman. His dual role is expected to ensure continuity during the transition period, while guiding the company through its next phase of development.
LLD’s portfolio includes key subsidiaries such as Scope Cinemas and Food Studio, along with strategic stakes in Alhambra Hotels and Cine Digital. This diversified structure places the group in a strong position to leverage cross-sector synergies, particularly in creating integrated lifestyle and entertainment offerings.
Commenting on the acquisition, Cader emphasized that the move is part of a larger restructuring initiative designed to strengthen alignment across the group’s businesses. He highlighted the company’s commitment to building a resilient, future-ready organisation while continuing to deliver exceptional cinema experiences to audiences.
The full acquisition of Scope Cinemas underscores LLD’s confidence in the long-term potential of Sri Lanka’s entertainment sector. Despite economic uncertainties, the company appears committed to investing in experiences that resonate with consumers, particularly as demand for premium leisure activities continues to grow.
As the integration process unfolds, the focus will likely remain on innovation, operational efficiency, and audience engagement. With full ownership secured, LLD is now better positioned to shape the future direction of Scope Cinemas and reinforce its presence as a leader in Sri Lanka’s evolving entertainment landscape.