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Indonesia cinema industry set for change

Foreign firms are looking to profit from the opening of the fiercely protected movie market

COMING ATTRACTIONS: The stiffest competition foreign firms will face is likely to come from the Cinema 21 Group, founded by a cousin of Suharto and his business partners.


INDONESIA'S opening of its fiercely protected cinema industry is whetting the appetite of overseas firms such as South Korea's CJ CGV Co Ltd, looking to profit from an increase in the supply of foreign movies to a vast, underdeveloped market.

The movie market is one of...

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