Panama City — The Central American and Caribbean film industries recorded significant advances in 2015, in terms of overall box-office and admissions in the region, and the commercial and critical success of select local films.
“If I had to use one word to describe box-office growth in the region in 2015 it would be – ‘unbelievable,’” said Luis Vargas
, Rentrak’s managing director for Mexico, Central America, Caribbean, Colombia and Venezuela.
Boosted by multiplex construction, Central American box office has rocketed over recent years, $96.06 million in 2012, $108.2 million in 2014, and a massive 19.87% hike in 2015 to $129.7 million, per Vargas.
The Central American region is comprised by six territories – Guatemala, Honduras, El Salvador, Nicaragua, Costa Rica and Panama, with El Salvador recording the highest growth – 28.9% and Honduras the lowest growth – 18.7%.
In 2015, nine multiplexes opened in Costa Rica, five in Guatemala, two in Panama and one in Honduras.
Unlike some Latin American countries, such as Venezuela and Argentina where inflation is rampant,