Indonesian Films Race Past Pre-Pandemic Admissions Record; ‘KKN Di Desa Penari’, ‘Satan’s Slaves 2’, Disney Movies Head YE Box Office; Theatrical Market Set For Growth

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Indonesian movies had racked up close to 55 million admissions in their home market as of December 18, according to local box office analyst Bicara Box Office, overtaking the previous record of 51.…

, made some headway in late 2020 and throughout 2021, despite the Delta variant closing cinemas for a second time from July to September.

Indonesia’s cinema industry was closed to foreign investment until 2016, when the government implemented a series of regulatory reforms and international exhibitors started to enter the market. Korea’s CJ CGV now operates around 17% of Indonesia’s cinemas, while Mexico’s Cinepolis, which partnered with Lippo Group’s Cinemaxx, has a 15% share. Market incumbent Cinema 21, which operates around 64% of Indonesia’s cinemas, has also been investing heavily in expanding its circuit.

 

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