ASiAn invASion wElcomEd - ProMéxico

54 Negocios i The Lifestyle photo courtesy of cinépolis
cinema
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Movie
Theaters
for India
Mexican movie theater chain Cinépolis has
plans to take advantage of the booming Indian
film industry by opening new movie
theaters in the Asian country in 2010.
For Cinépolis, going into a country with
more than 1 billion people and an economy
that grows at an annual rate of 8% represents
a great opportunity. At an initial phase,
the company will build several complexes
with more than 14 screens.
The company became interested in India
because of its cinematic production –nearly
1,000 movies each year, more than what Hollywood
produces– and because its residents are
big cinema fanatics: on average, Indian citizens
go to the movies four times a year while Mexicans
go 1.7 times, according to a report by El
Universal newspaper.
Cinépolis is the fifth largest operator of
movie theaters in the world, with more than
2,000 screens in six countries. Founded in
1947 and based in Morelia, Michoacán, in
the last five years it has built more than 200
movie theaters per year.
www.cinepoliscorporativo.com.mx