CINEMAS - Industry Briefs

  • 2008-02-06
January 9: Total box-office revenue in Lithuania soared by 40.8 percent last year to reach a new record high of 35.635 million litas (EUR 10.33 mln), the country's Cinema Distribution Association reported on Wednesday. The year 2007 was the best year ever for the country's cinema industry, it said. The number of movie-goers rose by 33.6 percent last year to 3.233 million, they said.

January 25: Finnish-owned Lithuanian cinema operator Forum Cinemas has said it intends to invest over 30 million euros within the next two to three years to expand its chain of movie theatres in Lithuania and Belarus. The company, which is 90 percent owned by the Finnish cinema and film distribution company Finnkino, plans to open a new movie theater in Panevezys in September and another one in Siauliai by the end of this year. Next year new Forum Cinemas theaters should open for business in Klaipeda, Kaunas and Vilnius.