In the last five years, 25% was growth registered in the number of people who attended the cinema, and new investments in more screen rooms are planned for 2017.
Projections for the end of the year are that over 6 million people will have visited the cinema, thanks to the opening of new rooms, explained Michael Joseph, CEO of United International Pictures (UIP), to Martesfinanciero.com.
The entertainment center will be located in the province of Alajuela and construction will start in late 2014, with operations starting 12 months later.
Desarrollos Orinoco, a company in charge of the project to be developed in Turrúcares, Alajuela, has announced that the first phase will consist of "... a 35,000 m² development with two towers each having four waterslides, a 500 meter long lazy river, two beach football pitches, a kids area (1,000 m²), food court, additional services (nursing station, lockers, etc..) and a train station, among other things. "
Out of control piracy and the growth of Internet use, are literally killing traditional stores where CD's, DVD's, movies and video games used to be bought.
In an article about the stark reality prevalent in El Salvador, Karla Argueta examines the changes taking place in the music and entertainment industry, providing analysis that can be extrapolated to apply throughout Central America.
Audiences are willing to pay from $25 to $350 to watch the performance of renowned artists.
Organizing musical events with international artists is a rising business in Panama. While performers might charge from $70.000 to $500.000, depending on their prestige, organizers of the activity make a profit of between 20% and 40%.
"The effervescence of this industry is evident in Panama.