Movie theatres in Panama are looking to expand and reach sectors that had never before enjoyed theaters. That is why it has been announced for this 2016, is scheduled to open three to four movie theaters, each with several screening rooms. In our article today, we will tell you a little more of this great news, that will benefit Panama theatre enthusiasts and all public.

Movie Theatres in Panama – Gogetit Highlights

* Currently, Panama has 99 cinema screens, spread across 14 complexes movie screenings. This figure will increase considerably during 2016.

* During this year, the launch of three to four movie theatres in Panama are expected: One cinema in Alta Plaza Mall (Via Centenario), another one in Mega Mall (24 de Diciembre) and two cinemas in Costa del Este.

* At the end of the year, it is estimated that could run 135 cinemas across the city.

One of the favorite activities of Panamanians, residents and tourists in Panama certainly is going to the movies. The offer of movie theatre in Panama has grown rapidly over the years. The population growth, among other things, has been one of the factors that has contributed to construction and opening of more and modern spaces to watch movies, as well as an extensive program of attractive titles to the masses. Rising attendance reports theaters are also a reflection of the increasing population in Panama, which spent 3.4 million in 2010 to 3.9 million, according to statistical projections of the Comptroller General of the Republic. Only in Panama City, it went from 477,107 in 1980 to 1.760,913 inhabitants in 2014.

Michael Joseph, president of the Association of Film Distributors and manager of United International Pictures (UIP), explains that the annual agenda of film titles that capture the attention of viewers and keeps the expectation, is primarily responsible for the boom recorded by the box office in 2015. Movies such as Star Wars, Jurassic World, Avengers and Minions, contributed so much to a large audience attending the different movie theatres in Panama.

The record attendance in 2015 to movie theatres, was 5 million 750 thousand people, according to the annual report of the Association of Film Distributors. This amount exceeds the local register of 2014, when 5 million 79 thousand tickets were purchased to see the best and the worst that offers the industry the seventh art that comes mostly from Hollywood. Similarly, an increase in the framework of the International Film Festival of Panama of 2015, which had a participation that reached of 28,000 people, 6,000 more than in 2014.

In early 2014, Panama had approximately 80 movie theatres. By early 2015, the number ascended to 99 cinemas, spread over 14 cinema complexes across the country, according to records of the Association of Film Distributors.

For 2016, there will be three to four new movie theatres in Panama: One in Alta Plaza Mall (Via Centenario), another in Mega Mall (24 de Diciembre) and two in Costa del Este. In the case of Alta Plaza Mall, will be featured two new formats in Panama: The IMAX (consisting of a giant screen from end to end in the front of the room) and 4D (the one that complements the experience audiovisual vibration, aromas and other special effects).

Silvia Merida Pellicer
Gogetit Content Manager. Author of important reviews for Gogetit News, “The #1 Source for real estate news in Panama.”
Specialized in the search and analysis of the most important news about real estate in Panama.

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