Updated Mar 15, 2019, 2:47:44 PM
Metro Manila (CNN Philippines, March 15) — Cinema industry stakeholders have reached a decision on the new opening day schedule for local movies.
Cinema officials, producers, distributors, and theater owners agreed to move movie release day from Wednesday to Friday, the Film Development Council of the Philippines (FDCP) said Thursday.
In a Facebook post, FDCP said it held a consultation meeting with stakeholders to discuss matters such as the opening day schedule, admission prices, and guaranteed days in every booked film and a holdback period for films released in cinemas before it goes to other platforms, among others.
However, officials said they are still finalizing details before the new opening day schedule can take effect.
"A new beginning perhaps... so we can all be hopeful for the future of this industry. At the end of the day, we have but one common goal: to support, nurture and uplift our LOCAL FILM INDUSTRY," the organization said in its statement.
"We hope that our stakeholders never tire of sitting down with us as we concretize our policies. It may be tedious and tiresome at times, but we thank you for your patience and understanding of the importance of our collective efforts," it added.