Hoyts pacts with Argentines

To build up to 160 screens in 3-year period

BUENOS AIRES — Aussie exhibitor Hoyts Cinemas and Argentine construction company Raghsa Construcciones have signed an agreement to build multiplexes in Argentina.

The plan is to open 150 to 160 screens in a 3-year period with a $150 million investment, according to Harold Blank, head of the Cinema Hoyts de Argentina subsid.

Contracts have been signed for a 12-plex in the new Abasto shopping mall in B.A., an 8-screener in Cordoba province and a 14-plex in the Salta province — projects on which Hoyts will spend an initial $23 million.

Hoyts joins Cinemark, General Cinemas, Village Roadshow and National Amusements as foreign investors in the burgeoning Argentine exhibition arena, where admissions rose an estimated 20% to 26 million in 1997.

More Biz

  • Meet those who spoke out on

    Meet Some of the Women Who Came Out Against Weinstein, Ratner and More

    BUENOS AIRES — Aussie exhibitor Hoyts Cinemas and Argentine construction company Raghsa Construcciones have signed an agreement to build multiplexes in Argentina. The plan is to open 150 to 160 screens in a 3-year period with a $150 million investment, according to Harold Blank, head of the Cinema Hoyts de Argentina subsid. Contracts have been […]

  • Misogyny in Hollywood Makes Talented Women

    For Some Women, Hollywood's Culture of Inequality Is Too Much to Bear

    BUENOS AIRES — Aussie exhibitor Hoyts Cinemas and Argentine construction company Raghsa Construcciones have signed an agreement to build multiplexes in Argentina. The plan is to open 150 to 160 screens in a 3-year period with a $150 million investment, according to Harold Blank, head of the Cinema Hoyts de Argentina subsid. Contracts have been […]

  • Hollywood Sexual Harassment Handcuffs

    Naming Names Isn't Enough -- Sexual Harassers Should Have to Face the Law (Column)

    BUENOS AIRES — Aussie exhibitor Hoyts Cinemas and Argentine construction company Raghsa Construcciones have signed an agreement to build multiplexes in Argentina. The plan is to open 150 to 160 screens in a 3-year period with a $150 million investment, according to Harold Blank, head of the Cinema Hoyts de Argentina subsid. Contracts have been […]

  • Men in Power Sexual Harassment Mad

    Powerful Men Can't Plead Ignorance in the Wake of Misbehavior Revelations (Column)

    BUENOS AIRES — Aussie exhibitor Hoyts Cinemas and Argentine construction company Raghsa Construcciones have signed an agreement to build multiplexes in Argentina. The plan is to open 150 to 160 screens in a 3-year period with a $150 million investment, according to Harold Blank, head of the Cinema Hoyts de Argentina subsid. Contracts have been […]

  • Chart Featured Image

    Report Card on Female Representation in Hollywood Shows Few Women at the Top

    BUENOS AIRES — Aussie exhibitor Hoyts Cinemas and Argentine construction company Raghsa Construcciones have signed an agreement to build multiplexes in Argentina. The plan is to open 150 to 160 screens in a 3-year period with a $150 million investment, according to Harold Blank, head of the Cinema Hoyts de Argentina subsid. Contracts have been […]

  • Sexual Harassment Placeholder Corporations Boardroom

    Corporations Must Embrace Diversity to Prevent Misconduct and Money Loss

    BUENOS AIRES — Aussie exhibitor Hoyts Cinemas and Argentine construction company Raghsa Construcciones have signed an agreement to build multiplexes in Argentina. The plan is to open 150 to 160 screens in a 3-year period with a $150 million investment, according to Harold Blank, head of the Cinema Hoyts de Argentina subsid. Contracts have been […]

More From Our Brands

Access exclusive content