Sales of cinemas in Czech Republic down 24% in Q3 2012.

By bne IntelliNews October 30, 2012
Cinema ticket sales in the Czech Republic decreased by 24% on the year to CZK 302mn (EUR 12.1mn) in the third quarter of 2012 as movie-goers are cutting back spending amid the recession, CTK newswire reported citing data from the Film Distributors' Union (UFD). The number of cinema visitors dropped by 23% y/y to 2.66mn in Q3, while in the first half of the year it grew by 16%. In the first nine months of 2012, sales of cinema theatres in the country totalled CZK 911.2mn. In 2011 they fell by 19.3% y/y to CZK 1.2bn, the lowest in the last four years, as the number of visitors was by 20.3% down at 10.79mn.

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