bnn.lv Latviski   bnn-news.com English   bnn-news.ru По-русски
Monday 20.08.2018 | Name days: Bernhards, Boriss

Forum Cinemas could open new movie theater

FaceBook
Twitter
Draugiem
print
(+1 rating, 1 votes)

Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RU, SIA Forum Cinemas board member Atis Amolins

SIA Forum Cinemas board member Atis Amolins

SIA Forum Cinemas board member Atis Amoliņš (Amolins) told in an interview to the business news portal BNN in two years Forum Cinemas could open another new movie theater in one of Riga shopping centers.

Similarly, he also reveals Citadele cinema profit was on the level of 2009, when the company faced a considerable downfall, however, despite all that, it is planned to invest from 300 up to 400 thousand euro in improving the cinema.

How tough is the competition among cinemas in Riga? Do you feel it?

Citadele does, of course, feel the competition. Everyone selling tickets in Riga is our competitor. However, it is undoubtable we are leaders in terms of both the location and experience. The biggest threat is to fall into routine, there has to be ongoing development, which is why we keep the leading position – by improving ourselves constantly.

What investments does Citadele cinema plan for this year?

Due to digitization, we replace digital equipment every year. Five out of fourteen halls are digital and we plan digitizing another two this year, which means 50% of the halls will be digitally equipped. At least 100 000 euro is necessary to digitize a single hall. It is expensive. Similalry, we also have to replace part of the seats, improve computer equipment, change servers, etc. Total investments could reach from 300 up to 400 thousand euro.

Do you plan launching another cinema in Riga?

Of course, we are always planning and if there is the right location… Location is the key factor, so we are not rushing to take any spot available. We are waiting for the right place for us. We waited for the current Citadele location for a long time.

How big is the chance we will see another Forum Cinemas movie theater in Riga?

Well, not this year. At least one and a half year passes by the time such a cinema project is carried out.

Maybe in one and a half year then?

Maybe in two years time. There is a chance our next project will be becoming a part of one of Riga shopping centers.

Which shopping center could it be?

At the moment we do not have any specific projects. But I can assure if there is a perfect place, we will take it. Consequently, investments will be necessary, depending on the number of halls etc. Investments might reach up to 1.5-3 million euro, depending on the specific location and the size of it.

How much did Citadele cinema make in 2010?

The performance was on the level of 2009, which was an awful year. I believe we were the only country in the European Union whose cinema industry collapsed, as the VAT grew more than four times and the bottom line profit was practically swept away (editor’s remark: SIA Forum Cinemas posted 395 481 lats profit in 2009, five times less than in 2008, when the company earned 1 996 943 lats.)

How big is the revenue proportion from movie tickets, popcorn, snacks and beverages?

Snacks make up 18 – 30%. The rest of revenue comes from tickets.

What are the conditions of demonstrating movies? Do you pay studios, intermediaries or share the revenue with film makers?

There are numerous conditions, but I would not like to indulge in such details.

What is the criteria of deciding to demonstrate a particular movie in Latvia?

We try to forecast the potential revenue and profitability. Experience is a criteria as well, because Forum Cinemas has distributed nearly a thousand of movies during these 18 years. If a particular movie does not reach Latvia, it means the distributor is not sure the money invested will be recovered.

Is demonstrating Latvian movies in Citadele charity or a lucrative business?

It is still a business. A national product is very important. It is, of course, sad if a movie is demonstrated only for a week or two, because people are not interested in it. But there are also movies that are very successful, for example, Gatis Smits movie Seržanta Lapiņa atgriešanās (Return of Sergeant Lapins) gathered around 15 000 viewers. This year we will also present at least five Latvian movies.

Does Citadele plan expansion to other regions of Latvia?

I am afraid, Riga is the real business. We are not interested in regions at the moment. I believe in regions it is more the responsibility of municipalities that have to support their local people launching cinemas or doing their best the existing ones are not shut down. So that young people have a place to go, instead of wandering the streets and drinking.

How can you characterize a cinema visitor in Latvia?

Speaking about heavy users going to 3-4 movies a month, it is clear these are teenagers. It is global experience that teenagers up to 20 years or slightly more are the most active cinema visitors. Afterwards they do it much more less, because, firstly, they become more choosy and, secondly, they have much less spare time. In Latvia a person goes to the cinema at least two times a year, which is little, compared to the rest of Europe with eight times a week, for example, in Ireland. All in all, we can call 12,13 up to 24, 25 aged persons heavy users.

Do Latvians prefer going to the cinema or watching movies at home?

There are many obstacles not allowing Latvians to go to movies often, including the financial aspect. Cinema is not, of course, among the basic needs of an average family with two pupils, two working parents, all the costs, loans, school expenses, etc.

How much do Internet pirates take away from the potential profit?

It is difficult to say. Study shows the loss amounts to 30-60% and I don’t think it is different in Latvia. It is actually shocking that if someone steals a car, it is a disaster, while when one’s children steal on the Internet every day – it is rather ok. If the «pirate» itself had made the movie, he or she would likely be disappointed at not benefiting from copyright.

Will 5D cinema come to Latvia?

Yes, if someone sees business prospects there. Currently, we hardly see any in this format.

Will Citadele movie tickets prices climb or drop this year?

I don’t know. I am not promising anything, but what I can assure is that there will always be options to buy tickets cheaper, for example, in «Ze Diena» (editor’s remark: a special day once a month when movie tickets are considerably cheaper). However, I cannot comment upon prime time tickets.

SIA Forum Cinemas is the leading movies distributor and cinema in Latvia, representing six film distribution companies: 20th Century Fox International, Sony Pictures Releasing International, Warner Bros. Pictures International, Universal Pictures International, Paramount Pictures International and Walt Disney Studios Motion Pictures.

 

 


Leave a reply

  1. Arnold from Finland says:

    It is nearly impossible to watch a movie in forum theater in Latvia when most of viewers are eating pop corns and candies .So better to go to Helsinki or stokhoml to see the same movie for the same price (Even cheaper) Stop to sell food in cinemas.

  2. Jazlyn says:

    I’m not easily impressed. . . but that’s imrpesisng me! :)

  3. asyncensuse says:

    Hello, my sister told me that in this forum is most purposive people. If she got rigt, dialect mayhap anybody tell me why possibly manlike nature is complicated like universe? What do you think? :)

  4. AQUATTYCHAITS says:

    11111

  5. Stacytape says:

    favorites lydti

  6. celery says:

    In my opinion you commit an error.

  7. Insummumtouct says:

    On the antagonistic, there are many notable companies that will sell uncommonly midget amounts of products to customers, and they do not all have to be surely like, eitherHowever, the Internet has to acclimatize to help uncloudy the shoe shopping is not prodigal, allowing all the available styles from a separate age to be seen and the put right government to meat to peculiar regional merchants carrying eleganceMost talkie theaters proffer genius certificates; sundry of them enter a occur in a booklet so that each certificate includes admits chestnut to a filmWhat you invite and how you forbear puissance conduct you to big nameBut the wait is well importance it, elastic a wearable piece of craftsmanship or on of art

  8. Matei says:

    Super jazzed about gtetnig that know-how.

  9. Frielioke says:

    the city over the last five years and Belfast is a much changed city.Belfast is now awash with prestigioushead and shoulders above everyone else in Brighton. Their chocolate turtles are simply irresistible and oneKaleidoscope dress in several colors.Trousers and jeans clothing collections take both classy and casuallook for, and not know the differences between watches.Here’s that which you need to know.one. You’ll want toFrasers, BHS and Marks & Spencers. All shopping trips to Edinburgh should take in a visit to Jenner’s the shopping street and it’s here you’ll find Brown Thomas and BT2, household to all the top designer labels. Thedesigner stores like Pia Bang, Karen Millen, Ted Baker, Laura Ashley and Reiss.At the top of Grafton Street,wardrobe. Speaking of summer months clothing, the swimsuit collection is just what you would expect from a topSander and lots more.George Street can be found just north of Princes Street and is another popular shoppingbuzzing! The Grassmarket area comes highly recommended as it’s an area heaving with bars – from rock bars to

Week in Lithuania. Probe finds no «drastic» EU differences in prices of non-food goods

A price comparison probe by Lithuania's Justice Ministry and the State Consumer Rights Protection Authority (SCRPA) has found no «drastic» differences in the prices of non-food goods in Lithuania and other EU countries. Justice Vice Minister Irma Gudžiūnaitė said that Eurostat's figures for 2017 show that the level of footwear and clothing prices in Lithuania makes 105 per cent of the EU average. The probe was carried out by the price comparison cite pricer.lt for the Justice Ministry and SCRPA. It compared 60 different non-good items in 12 EU countries on August 7.

BNN summary of the week: SRS searches for spotless reputation; MPC talks continue

BNN offers a summary of this week’s topical news in a variety of categories: Progress; Change; Contest; Announcement; Future; Politicians.

Eurostat: Latvia had inflation rate higher than average in EU and Eurozone

In July, Latvia’s inflation rate was higher than the average in Europe and Eurozone, according to data published by Eurostat.

Presence of Latvian milk reduces, whereas presence of imported milk increases in Latvia

The proportion of milk produced in Latvia is starting to lose to imported milk, as concluded by Central Union of Latvian Dairy Farmers chairman Jānis Šolks.

Seven previously convicted candidates crossed from Saeima election lists

On Friday, 17 August, the Central Election Commission decided to cross out seven previously convicted deputy candidates. The decision regarding one more candidate has been postponed until the next meeting, as confirmed by the commission.

Aspiring prosecutors «drop out» in tests – half of contenders fail second stage of tests

Approximately half of aspiring prosecutor candidates has failed the second portion of tests for general and judicial knowledge.

Riga International Airport concludes first half-year with turnover increase of 13%

Riga International Airport concluded the first half-year of 2018 with turnover increase of 13% when compared to the same period of 2017, according to the airport’s unaudited and shortened account for the six-month period before 30 June 2018.

New tender announced for post of SRS director; first requirement – spotless reputation

Latvia’s State Chancellery has announced an open personnel selection process for the post of director of State Revenue Service. Application submission process will last until 14 September.

CEC to decide on four candidates’ possible relation to KGB

Latvia’s Central Election Commission has received results of investigations of all 13th Saeima election candidates from Interior Affairs Ministry’s Information Centre and Latvian Centre for the Documentation of the Consequences of Totalitarianism.

Concord will have to include bread distribution costs in kebab café in its pre-election expenditures

Political party Concord will have to include in its 13th Saeima pre-election campaign expenditures the money spent by one of its candidates on distributing bread to pensioners free of charge in a kebab café in Bolderāja, as reported by TV3 news.

Weekends expected to be warm and at times hot in Latvia

On Friday, 17 August, the sky will partially cloudy again in Latvia, but no major precipitation is expected. Fog may form is certain regions at night thanks to slow wind speed. Maximum air temperature is expected to be around +22° C… +26° C. Night-time air temperature will stay at +11° C… +16° C, as reported by State Environment, Geology and Meteorology Centre.

Latvia’s State Audit requests additional funding to invest in workers

State Audit has requested additional funds in next year’s budget to invest in employees, as head of the institution Elita Krūmiņa mentioned in an interview to Latvijas Radio.

Nearly half of children born in Latvia in 2017 were delivered by mothers with higher education

20,828 children were born in Latvia in 2017. Almost half of them were born to mothers having higher education. Out of the total number of newborn children mothers, 7,229 or 34.7 % had acquired upper secondary general or vocational education and 2,775 or 13.3 % had basic education or lower.

«Steel Magnolia» named Lithuania's most influential politician for fourth consecutive year

Lithuanian President Dalia Grybauskaitė, dubbed as «Steel Magnolia» by foreign press, remains the most influential politician in the country for the fourth consecutive year. In two separate polls, one by the popular ratings magazine Reitingai and the other by pollster Spinter Tyrimai, she appeared on top, being followed by Saulius Skvernelis, Prime Minister, Ramūnas Karbauskis, the leader of the ruling Lithuanian Farmers and Greens Union (LFGU), Valdas Adamkus, ex-president, and Vytautas Landsbergis, Lithuania's first post-independence leader.

Ex-director: Rundale Castle Museum should be managed with the same ideals as before

In the years to come Rundale Castle Museum should be managed with the same ideals as before, says the soon ex-director of the museum Imants Lancmanis, who intends to retire at the end of this year.

Star Rating determines the best schools in Latvia

According to the 2018 Star Rating, Riga State Gymnasium No.1 remains in the lead among Latvia’s schools. Daugavpils Russian Secondary School – Lyceum is second, and Riga State Gymnasium No.2 is third.

ABLV Bank assets worth EUR 21.052 million were recovered in July

Liquidators of ABLV Bank have recovered assets worth EUR 21.052 million in July. This includes EUR 11.602 million recovered from issued loans, EUR 7.644 million from recovered/sold securities, EUR 1,792 million from loans provided to credit institutions, and EUR 14,000 from sales of real estate and other types of property, according to the account published in Latvian Herald.

Concerns over Turkish crisis cause world stock market decline

Stock prices around the world took a massive dive on Wednesday, 15 August, as concerns over Turkish crisis’ possible influence and investors’ attempts to get rid of risky assets surfaced again.

Election commission receives word some candidates’ possible non-compliance with the law

Latvia’s Central Election Commission has received information regarding possible non-compliance of multiple deputy candidates with requirements of the Saeima Election Law, says CEC chairman Arnis Cimdars.

African swine fever found in domestic pigs in Saldus; inspectors investigate illness in Unguri

African swine fever has been found in domestic pigs in Saldus Country’s Zaņa Parish. The infection was found in four domestic pigs. It cannot be excluded that ASF may have entered SIA Druvas Unguri farm’s pig enclosure along with sawdust or cars, as reported by Food and Veterinary Service Public Relations Office manager Ilze Meistere.

Lithuania lays symbolic rail on restored Mažeiķi–Reņģe railway line

Lithuania’s Lietuvos geležinkeliai railway company’s director general Mantas Bartuška and Polish oil concern Orlen manager Daniel Obatjek laid a symbolic rail on the restored railway route connecting Orlen Lithuania owned Mažeiķi oil processing plant in Lithuania and Reņģi in Latvia this Tuesday, 14 August.

Unemployment level in Latvia down to 7.7% in Q2 2018

In Q2 2018 Latvian unemployment rate constituted 7.7 %. Compared to the previous quarter, unemployment rate fell by 0.5 percentage points, while over the year it dropped by 1.2 percentage points.

Saeima approves stricter requirements for fast loans

On Tuesday, 14 August, Saeima’s Economic Committee supported in the second reading amendments to the Consumer Rights Protection Law. The legislative draft states that total loan costs that exceed 0.07% a day from the loan amount are unacceptable and non-compliant with good practice, as reported by Saeima press-service.

Noord Natie develops a new business niche – attracts cruise ships for Ventspils

The first of the cruise ships attracted from SIA Noord Natie Ventspils Terminals will arrive at Ventspils port this week. NNVT stresses that development of cruise business as a new product will help develop tourism in the city and region, as well as provide a contribution to economic development and raise recognition of NNVT terminal and the city.

Culture Ministry announces open contest for post of director of Rundale Castle Museum

Latvia’s Culture Ministry invites contenders to apply for participation in an open contest for the post of director of Rundale Castle Museum. Contenders can submit their applications before 14 September.

Most read

Most commented

Newest comments