That opened the door for Singapore sovereign wealth fund, GIC, to invest $260 million (IDR3.5 trillion) not in a progressive newcomer, but in NSR.

Earlier this year, Indonesia’s government said that the cinema sector would finally be taken off the negative list, which had prevented significant foreign investment in the industry. Three years ago, the challenge to Cinema 21 began to look much more serious when Lippo, one of the largest Indonesian retail and property conglomerates, moved in, opening Cinemaxx theaters in its malls. Cinema XXI hingga bulan lalu sudah memiliki lebih dari 1.000 layar bioskop. The Cinema 21 monopoly began to be challenged in a modest way with the launch in 2006 of the Blitz cinema chain. NSR, which operates the Cinema 21, Cinema XXI and The Premiere brands, has 864 screens in 157 cinemas across 36 cities. Chronic under-investment has left the country of 260 million people with less than 1,500 cinema screens. It dominates theatrical exhibition and its affiliate companies handle the releases of all the major Hollywood studios. The company, which was formed in 1985 following an earlier act of patronage by Indonesia’s corrupt dictator Suharto, has long monopolized the country’s cinema industry. Harris Lasmana, co-founder of Nusantara Sejahtera Raya, better known as Cinema 21 Group, may be one of the luckiest men in the film business. cinema 21 cinema xxi THEATER 21 CINEMA MOVIE BOX OFFICE All Time Theater 21 Movie Cinema Guide Information All Time Actual Reference Actress Box Office Description Detail About Gallery Actress Human Girls Animation Wallpaper Really Action Stars Famous Glamor Trailer Download Film Entertainment Picture Image Art photo Celebrities.

Cinema 21 xxi