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Mexico's Cinépolis Leads in Ticket Sales Worldwide
23 Oct
Summary
- Cinépolis leads global cinema circuits in ticket sales despite fewer screens.
- The company aims to increase its slate of Mexican films to 12 annually.
- Cinépolis is opening fewer screens globally post-pandemic but remains optimistic.
Cinépolis, a major exhibition-distribution company based in Mexico, is making significant strides in the global cinema market. The company now leads all cinema circuits worldwide in ticket sales and attendance per screen, demonstrating a strong post-pandemic recovery. This success comes despite a more selective approach to opening new locations, with approximately 60 to 70 screens opening annually worldwide, a decrease from the pre-pandemic average of 300 screens.
In addition to its global box office dominance, Cinépolis is actively working to revitalize Mexican cinema. The company plans to increase its annual release slate of Mexican films to twelve and is seeking to attract audiences back to local productions, which currently hold a small market share. This initiative includes acquiring rights to films like "5 More Minutes" and "El diablo sabe tu nombre," aiming to support both established and emerging talent.
Despite challenges such as shifting audience viewing habits towards streaming, Cinépolis remains optimistic. The company's CEO, Alejandro Ramirez, highlighted cinema's resilience, especially after surviving the pandemic. Cinépolis is also expanding international collaborations, including an agreement with Unifrance to broaden the French Film Tour to new territories and a commitment to bringing more Mexican cinema to global markets.
