BLTZ to Capitalize on the Film Industry’s Growth

By Editorial Team 03/10/2019
Summary

PT Graha Layar Prima Tbk (BLTZ) aims to operate four to five new CGV Cinemas until the end of the year to meet the company’s target to open 15 movie theaters in 2019. By September 2019, the company has operated 62 movie theaters. The positive growth of the domestic film industry has motivated BLTZ to keep expanding its movie theater empire. BLTZ Sales and Marketing Division Head Manael Sudarman revealed that the number of local films kept increasing annually up to two digits.

On Wednesday (10/2), the company started off the construction in a ceremony held on Citra Maja Raya in Maja district, Lebak, Banten, the location of its new movie theater. BLTZ will rent the land owned by the developer of Citra Maja Raya, PT Ciputra Residence. The construction of CGV Cinemas, located in the residential area, will cost around Rp 31 billion to Rp 44 billion. It will be the 63rd movie theater owned by BLTZ all across Indonesia or the 5th in Banten.

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.