Difficult Scenario for the Film Business

The economic slowdown, together with the growing supply of audiovisual content platforms, explains part of the downward trend that shows the business in Costa Rica since 2016.

Tuesday, May 21, 2019

Businessmen in the sector believe that another factor affecting the decline in business is that they depend on the production of high quality movies or blockbusting, usually produced by U.S. firms.

Gustavo Sáenz, general manager of Nova Cinemas, explained to Elfinancierocr.com that "... in general, the market suffers from a significant contraction since 2016 because of different circumstances, among which the deterioration of the families' budget stands out."

Luis Carcheri, general manager of Distribuidora Romaly and Cine Magaly, said that "... The public is being more selective and I think it has to do with the high unemployment rate (...). In addition, there is a concern about the country's economic issues that makes the consumer more conservative."

Sales behaviors per company are varied, and in the case of Cinemark reports that last year its revenues fell by about 9%, which is partly attributed to the child or family product produced.

Do you need more information about your business sector?

Request more information:








this site is protected by reCAPTCHA and Google's privacy policy and terms of service.
Need assistance? Contact us
(506) 4001-6423


More on this topic

Burgeoning Cinema Business in Panama

August 2017

In the country there are 19 cinema complexes with 142 projection rooms, a figure surpassed in the region by Guatemala and Costa Rica alone, where there are 149 and 144 rooms, respectively.

The number of audiovisual projection rooms or screens could reach 150 at the end of the year, when the new branch of Cinépolis in Costa del Este will be inaugurated.  

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.

Cinema Market Grows in Costa Rica

June 2014

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

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.

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.

 close (x)

Receive more news about Sports, Entretainment & Recreation

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:

* Al suscribirse, estará aceptando los terminos y condiciones


Gluten-free food business for sale

Operating Company dedicated to the manufacture of gluten-free and sugar-free products, OHNE brand.
The OHNE brand has 8 product lines: square bread, sweet...

Stock Indexes

(Apr 6)
Dow Jones
-5.60%
S&P 500
-5.10%
Nasdaq
-5.64%

Commodities

(Nov 30)
Brent Crude Oil
47.45
Coffee "C"
123.10
Gold
1,771
Silver
22.255