<< Home THIRD COLOMBIAN FILM INDUSTRY BULLETIN A project designed by Proimágenes using methodology of Fedesarrollo. 1. Evolution of Colombian Film Market During the first semester of 2012 the number of spectators was up by $1,189 937 over the same period in 2011. This represents a 6.2%  increase over the same period the previous year. The attendance index (spectators/inhabitants) during the first semester of 2012 grew by 5% compared to the same period in 2011. From 2007 to 2011 the number of spectators during the first semester of each year accounted for an average 50% of total annual spectators. The number of spectators during the first semester of 2012 was up 6% compared to the same period the year before. Box office income in US dollars rose by 12% during the first semester of 2102. Colombian box office figures in pesos have grown by nearly 100% since 2007. The exchange rate used is based on the historic average for 2012 published by Colombian´s Central Bank (Banco de la República de Colombia). First semester box offices figures from 2007 to 2011 have on an average accounted for 50% of yearly totals. Box office figures during the first semester of 2012 rose by 13% over the same period in 2011. The exchange rate used is based on the historic average for 2012 published by Colombian´s Central Bank (Banco de la República de Colombia). A total of 204 films, approximately four per week, were released over the past five years. The number of releases has remained relatively constant since 2008, indicating that the market has stabilized with regard to the total number of yearly releases. During the first semester of 2012 a total of nine Colombian films were released, three more than during this same period the year before. Since Film Law 814 of 2003 and the Film Development Fund went into effect, a total of 101 Colombian films have premiered; this is the same number of films produced in Colombia between 1985 and 2002. A total of 250 Colombian feature films were released between 1941 and 2002. During the first semester of 2012 the share of national films in the total number of releases reached 9%. So far this semester, nine Colombian films have been released, three more than during this same period in 2011. The number of screens rose by 91 during the first semester of 2012, an increase of 14%. A total of 156 multi-plexes were tallied during the first semester of 2012, 17 more than at the close of 2011. Projection Screen: an installation comprises of a smooth surface used to project films. Multiplex or Film Complex:  A public screening facility with more than two theaters. Film attendance in Bogotá rose by 4% during the first semester of 2012, by 6% in Cali, 7% in Barranquilla , and by 12% in the rest of the country (44 cities), compared with the same period last year. Film attendance in Medellín dropped by 3% during the first semester of 2012 compared with the same period last year. Film attendance in intermediate cities has grown by 135% since 2007, which indicates a huge potential for market expansion. Shares in total Colombian film attendance for the rest of the country rose by 8 percentage points between 2007 and the first semester of 2012. Medellín’s share has dropped by three percentage points, and Bogotá’s by four, between 2007 and 2012. Cali and Barranquilla have maintained constant shares..