Cinema Market Grows in Costa Rica

Four companies have announced the investment of at least $14 million in the opening of 31 new cinemas during 2015.

Monday, June 23, 2014

The expansion of existing facilities and opening of new ones in different parts of the country is in response to the steady increase in cinema going as in 2013 alone 6 million people attended movie theaters in the country, representing an increase of 15% compared to number of tickets sold in 2011.

Elfinancierocr.com reports that Mexico's Cinepolis, which has a presence in the region, "... confirmed the opening of the 10 rooms at a lifestyle center resort which it operates in the area of ​​Santa Ana ... the cost of installation of the screens exceed $5.5 million, and the theatre will open in October next year, having a VIP section, similar to that operating in Cinepolis Terramall ".

"...According to Rentrak, the country has 110 theaters. With 2015 confirmed openings, this number would rise to 141, which means an increase of 28% in screens in just 12 months ...If the plans hold, Cinepolis will run 39 screens and will tie with CCM Cinemas; Cinemark will rank second with 24, followed by CitiCinemas with 10 rooms and Nova Cinemas with 7".

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More on this topic

Cinemas in Central America: $16 million Investment Plans

April 2015

The chain Cinepolis plans to open four new theaters in 2015 in Guatemala, one in Honduras, two in Panama and 30 new screens at a shopping center in Costa Rica.

Parallel to this expansion plan in the region, representatives from the Mexican chain Cinepolis said they are evaluating whether to make new investments in El Salvador, where they already have a 43% share in the cinema market.

Movements in Cinema Market in Costa Rica

August 2014

The Costa Rican chain CitiCinemas has acquired ten theaters from its competitor CCM Cinemas and says it will invest $3.5 million in renovations.

With the transfer of the operation of 10 cinemas to the company CitiCinemas "... the Local cinema industry is more competitive than ever.

The Cinema Business

May 2012

In Costa Rica more and more people are becoming clients of cinemas, having increased their visits by 30% since 2007.

National cinemas sold 5,172,420 tickets in 2011, 1% more than in 2010 and 30% more compared with 2007, according to data from the local film distributor, Discine.

Cinemark Invests $2.5 Million in Guatemala

March 2009

The American chain will open 6 movie theaters with 3D technology.

The rooms will be located in the Eskala Roosevelt shopping center which will open in June. According as the Cinemark Guatemala manager, Javier Alfaro: "With 3D technology, the public will be able to feel as if the image is coming off the screen and it will make the moviegoer a part of the movie.

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