Foreign Investors Are Eager To Open Theaters In China
on November 19, 2012
China Daily has compiled an excellent look at the current state of investment in Chinese movie theaters.
Foreign investors are allowed to open cinemas in China through joint ventures with local partners. Their stake cannot be more than 49 percent.
South Korea's CJ CGV plans to open 100 multiplexes in China by the end of 2015.
Cinema growth in China is staggering. By the end of 2011, the number of screens nationwide increased to 9,296 from 6,266 a year earlier, up 48.4 percent year-on-year. An average of 8.3 screens were added each day that year, according to the SARFT data.
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