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Business trends

Indonesia puts movie business in the spotlight

Government eases foreign investment limits in cinema and pushes local production

Cinemaxx, a movie theater chain that is part of Indonesia's Lippo Group, recently announced a capital tie-up with Mexican counterpart Cinepolis.   © Reuters

JAKARTA -- Cinemas are opening fast in Indonesia as people develop a taste for movies and the government promotes the industry through deregulation.

On a late October weekend, a cinema in a central Jakarta shopping mall was bustling. With tickets priced at 50,000 rupiah ($3.30), a day at the movies is something that even large families can enjoy. A bit more -- 100,000 to 200,000 rupiah -- buys a luxury seat and a meal. Movies are now a leading form of entertainment, especially in cities.

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