Loans Approved for Digitalization of Brazilian Cinemas

By Chesney Hearst, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – On Monday, November 11th the Banco Nacional de Desenvolvimento Econômico e Social (The National Bank for Economic and Social Development), better known as BNDES, announced that it, in association with the National Cinema Agency (ANCINE), would finance digital upgrades of Brazilian theaters currently using film.

The loans, totaling R123.3 million, will be granted to the Telem Group Quanta DGT for the digitization of 770 theaters across the country. Quanta DGT will be responsible for the installation of the new digital equipment and the lease of digital projectors.

Additionally . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?