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
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