At the turn of the 21st century, the cinema industry in T&T was in the doldrums. The golden age of big-screen entertainment was gone, felled by the onslaught of new technologies that brought movies right into your home. Audiences had shrunk from its boom in the ’60s and ’70s, and all around, movie theatres were closing down.
There were not, however, many other safe and enjoyable family entertainment options available.
Into this scenario came an entrepreneur with a vision to develop an entertainment complex offering an experience patrons could only have had when travelling abroad.
Such was the beginning of MovieTowne in Trinidad, and through this venture, Derek Chin became a household name.
Born in Georgetown, Guyana, Derek Alexander Chin subsequently migrated to Trinidad.
He had big dreams from an early age: he knew that he wanted to be his own boss, bringing first world ideas to his adopted home country.
Driven by a mix of patriotism and a belief in the power of marketing and promotion, he used his innate resilience and drive to turn his visions into realities.
From his humble beginnings, he embarked upon a journey of serial entrepreneurship.
Tapping into the new forms of entertainment in the 1990s, he started with four arcade machines at the Piarco International Airport.
The venture was highly successful, and within a short space of time, he was able to capitalise, and launched his arcade business with Games World arcades across Trinidad.
This venture would lead him down the path to introducing online Lotto games to the country. He was responsible for the introduction of Play Whe and Lotto to Trinidad and Tobago in 1994 under GTech corporation.
These online games have become part of the national landscape.
It was after this that he set his sights on realising his life-long dream of introducing a cineplex into the country.
Many people had reservations about the potential long-term success of MovieTowne, but Chin did not let this impede his plans.
Where most businessmen would be disillusioned by opposition, Derek was driven to persevere. MovieTowne has transformed the local entertainment landscape and rejuvenated cinema-going for many—even people who had not visited a cinema in T&T for 20-plus years.
The industry has become a staple and is still growing.
Following the flagship’s success, MovieTowne expanded its locations to Chaguanas, Tobago and, most recently, San Fernando.
Chin is constantly evolving his skills sets and embarking on new and exciting projects.
For example, when he was faced with the need for world-class dining in MovieTowne, he became a restaurateur, introducing new international franchises to the Caribbean that are now some of the most successful in the country. But he sounds a note of caution.
True entrepreneurship is not normally encouraged in T&T, says Chin, and the culture of our society labels the adventurous few as dreamers. This creates a very negative environment.
In his pursuits, he has received countless oppositions—especially financial institutions.
He says: “People are always looking for reasons to stop your project, and you are left with a feeling of loneliness like it’s ‘You vs the World’”.
This however does not deter him from achieving his goals. Although he may question himself at times, in the end he assesses the risks involved and relies on his instincts to guide him.
Chin is very aware that to whom much is given much is expected.
Fulfilling a strong patriotic instinct, he believes in “giving back” and is a generous benefactor to many causes. For the past 15 years MovieTowne has been hosting a Christmas Charity Kids Event for up to 1,500 children from children’s homes and at-risk communities.
The company has also supported Vitas House Cancer Hospice, the Finbar Ryan Geriatric Home, Lady Hochoy Home and provides ongoing support to United Way.
In 2010, following the devastating earthquake, Movie Towne raised $70,000 for the Haiti Earthquake Relief and, more recently, donated relief funds on behalf of MovieTowne and its patrons for recovery efforts in Caribbean countries, after the devastation caused by Hurricanes Irma and Maria, as well as those affected by the recent flooding that affected so many of the citizens of T&T.
Chin founded the Secondary Schools Film Festival Competition which ran from 2005 to 2010, and created exciting new career avenues youths by developing the art of film making.
MovieTowne has become a popular fund-raising event location for non-profit organisations, where many Charity Movie Premieres are hosted. These efforts raise over one million dollars annually to assist worthy causes.
Each year, there are giveaways such as VIP year-round passes to top performers in the SEA Examinations, and a gift of appreciation to the nation at the annual National Movie Day. In addition to charities, Chin is happy to sponsor prizes year-round to hundreds of local business and charitable endeavours. He is passionate about horses and horse racing, and has donated his retired horses as well as committed regular financial contributions to a local charity for autistic and special needs children called “Horses Helping Humans.”
In his beloved sport of horse racing, Chin is now very much involved in Canada at the world-famous Woodbine Race Track where he has been the leading West Indian/Caribbean owner for the last three years.
He is one of the few—perhaps only—Caribbean nationals to be a member of the prestigious Canadian Jockey Club.
The over 1,600 staff members are not forgotten.
Employees can benefit from competitive salaries, local and international training and advantages such as free monthly movie tickets and discounts on meals, while higher management is afforded group trips to movie conventions in Las Vegas.
These incentives have resulted in an over 50 per cent retention rate and employees who have grown with the company.
The next project for Chin is MovieTowne Guyana, which he felt honoured to do for the people of Guyana given his own roots and ties to the country.
The $300 million investment is expected to revolutionise the city of Georgetown and deliver a new world of entertainment, shopping and dining in that country.
Apart from this, Chin is looking forward to another venture in the coming years—Streets of the World.
Chin has proven to be a pioneer of the entertainment industry with innovations and ideas which have enhanced T&T’s business landscape.
Today, the Dachin Group of Companies encompasses MovieTowne’s multiple cineplex locations, commercial developments, three premier restaurant franchises, security services, gaming and digital media companies.
Some may say he has scaled the mountain of success but he knows it is not just his own doing.
He is grateful to his wife Christine and children Ryan, Stefan and Alexis, who have stood by him throughout.
But Derek Chin knows there are still other mountains to scale.
Although he has set the bar high for others to follow, he continues to dream big and believes there is no peak too tall for him to climb in order to achieve his vision.
