medcom.id, Jakarta: The government has opened 20 new business sectors for foreign investors. One of them is the film industry.
Cinema 21 Corporate secretary, Catherine Keng, said her company welcomes foreign investment in film industry as foreign investment could boost development of movie theater in many provinces.
"We will follow regulation, but for foreign investors, they might be able to open theaters in provinces which have few theaters," mentioned Catherine in a written statement, Jakarta, Thursday(2/18/2016).
Film industry consists of film production, film distribution and film exhibition. Cinema 21 is the largest movie chain in Indonesia.
She explained the main obstacle to build theaters outside the capital is screen quota regulation. The rule stipulates theaters must reserve 60 percent of their screen for local contents.
"South Korea reduced the screen quota for local films to 20 percent in 2006. after that, the market share of local films there surprisingly reached more than 50 percent. Because the industry is growing if the movies are good and loved by the audience," she argued.
"If possible, the protectionist policy should not disrupt the market and gives burden to the movie theater industry," concluded Catherine.
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