Madrid — After years of marked box-office growth, Central American box office dipped 5.6% in 2018, from $144.34 million in 2017, to $136.3 million last year – which is nonetheless almost 50% higher than the regional box office recorded in 2012, according to comScore figures.
Honduras bucked the trend, with 8.5% growth, whereas the biggest drop was recorded in one of the smallest markets – Nicaragua – with a 34.5% fall.
Notwithstanding the dip in admissions, 56 new screens in 14 theaters opened in 2018, headed by Guatemala which bowed 25 new screens at six sites, followed by Costa Rica with 13 new screens, Panama with seven, Honduras with six and El Salvador with one.
Having emerged from decades of instability and war, Central America has prospered in recent years with low inflation rates, rising prosperity, and an increasingly stable middle class, which has fueled cinema-going habits. Nonetheless, box office revenues plateaued in 2017 and the dip in admissions in 2018 places a question mark for the future.
According to Luis Vargas,...
Honduras bucked the trend, with 8.5% growth, whereas the biggest drop was recorded in one of the smallest markets – Nicaragua – with a 34.5% fall.
Notwithstanding the dip in admissions, 56 new screens in 14 theaters opened in 2018, headed by Guatemala which bowed 25 new screens at six sites, followed by Costa Rica with 13 new screens, Panama with seven, Honduras with six and El Salvador with one.
Having emerged from decades of instability and war, Central America has prospered in recent years with low inflation rates, rising prosperity, and an increasingly stable middle class, which has fueled cinema-going habits. Nonetheless, box office revenues plateaued in 2017 and the dip in admissions in 2018 places a question mark for the future.
According to Luis Vargas,...
- 4/4/2019
- by Martin Dale
- Variety Film + TV
Panama City — On Thursday night, Panama City’s Teatro Balboa hosted the opening ceremony for the 7th Panama Intl. Film Festival, screening this year’s foreign-language Oscar winner, Sebastián Lelio’s “A Fantastic Woman.”
The screening took place in the presence of the film’s lead actress, Daniela Vega.
This year’s edition has a record number of films and participating countries – 75 films from 51 countries, including two world premieres. Since the fest’s launch in 2012, it has welcomed over 4,300 films and over 700 international guests.
Speaking onstage to a packed audience in the 1,200-seater cinema, fest director Pituka Ortega Heilbron greeted “extraordinary films, extraordinary guests, a passionate audience and a hopeful future for the cinema of our region, to which we are deeply committed.”
She noted that more than 10% of our program is occupied by Panamanian cinema. “The local industry is growing and we are happy to be its platform. We...
The screening took place in the presence of the film’s lead actress, Daniela Vega.
This year’s edition has a record number of films and participating countries – 75 films from 51 countries, including two world premieres. Since the fest’s launch in 2012, it has welcomed over 4,300 films and over 700 international guests.
Speaking onstage to a packed audience in the 1,200-seater cinema, fest director Pituka Ortega Heilbron greeted “extraordinary films, extraordinary guests, a passionate audience and a hopeful future for the cinema of our region, to which we are deeply committed.”
She noted that more than 10% of our program is occupied by Panamanian cinema. “The local industry is growing and we are happy to be its platform. We...
- 4/6/2018
- by Martin Dale
- Variety Film + TV
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