SULCO RESEARCH

Research / Sulco Study No. 2 / Methodology

Methodology note

How the numbers in Sulco Study No. 2 are built: the census of 518 cinemas, the six measures, the 36-country income tests, four scenarios to 2030 and every assumption behind them.

Companion methodology note to Sulco Study No. 2, Indonesia’s cinema gap (30 Oct 2026, v1.0). Figures here are the same set used in the deck, the summary and the study page; each headline number appears once on the Canonical sheet of the study workbook with its source, grade and confidence.

Results

Indonesia has 8.4 screens per million people against about 18.5 predicted at its income, and each screen sells about 53,100 tickets a year. Four paths to 31 December 2030 give 81 to 200 million tickets a year. No probability is assigned to any of them.

Scenario to 31 Dec 2030ScreensPer millionTickets (m)Per personBox office (Rp tn)
A · Mall pace2,6909.11430.486.6
B · Build-out to 15 per million4,44015.02000.689.2
C · Streaming substitution2,6909.1810.273.7
D · Local cycle turns2,6909.11140.395.3
2024/25 reference2,3758.41260.445.8

The question and the decision

Is Indonesia under-screened (demand is there, supply is not), under-demanded (people do not go), or is the 2025 number concentrated in a few cities and a few films? And what would it take, and what would it be worth, to look like its neighbours?

The decision the study informs: whether Indonesia’s cinema shortfall is a supply problem worth capital and policy. Readers: exhibitors and their investors, producers, the culture and creative-economy ministries, and regional governments that set the entertainment tax. Primary horizon: 31 December 2030.

Four rival explanations and the test that separates them: (a) under-screened: high tickets per screen with normal tickets per person (Tests 1 to 3); (b) under-demanded: low tickets per person against income and price; (c) a two-hit artefact: concentration and the median film; (d) streaming substitution: subscriptions against admissions and release windows.

How the industry is counted

Indonesia publishes no official box office. Badan Perfilman Indonesia (BPI) counts screens and cinemas (2,375 and 496 in November 2025); the Ministry of Culture counts tickets to Indonesian films (80.27 million in 2025); private trackers (Bicara Box Office, Cinepoint) estimate the total including imports (126.2 million in 2024). Every ratio in the study says which count it uses. The 2025 total, about 121 million, rests on one industry estimate and carries grade C and low confidence, so it appears only in body text.

The cinema census

Sulco counted 518 cinema sites on 29 and 30 October 2026: the Cinema XXI locations list (270 sites), CGV’s cinema list (71), Cinépolis and small-chain tables with press citations, and showtime listings for independents. Sites without current showtimes were treated as closed. Each site was matched to one of Indonesia’s 514 regencies and cities, with BPS 2025 populations. A regency counts as covered if it has at least one cinema; coverage is by address, not travel time. Result: 170 regencies and cities with a cinema, covering 62% of people; 344 without, home to 109.1 million.

The six measures

MeasureIndonesiaVietnamMalaysiaThailandKorea
M1 Screens per million people8.3810.8931.3916.7463.69
M2 People per screen119,36391,80731,86259,72315,701
M3 Admissions per person a year0.440.540.920.512.38
M4 Admissions per screen a year53,05349,36429,21130,58337,354
M5 Box office per person, US$1.931.7716.87
M6a Domestic films' share of admissions, %63.6036.2021.905458
M6b Top-2 share of Indonesian-film admissions 20250.26
M6c Cinema XXI share of national screens0.59
M2b Share of regencies and cities with a cinema0.33

M1 is the headline measure, with M4 beside it: M1 is the number a reader can picture, and M4 shows the screens that exist are full. M3 and M4 rest on tracker admissions; M5 multiplies them by one chain’s ticket price.

Tests against income

Test 1, screens. Screens per million on the log of GDP per person (PPP, constant 2021 US$, WDI 2024) across 36 countries: R² 0.58, each doubling of income goes with about 19 more screens per million. At Indonesia’s $14,500 the line predicts 18.5; Indonesia has 8.4, a gap of about 10. Thailand (13 below), Malaysia (11) and Vietnam (8) also sit below the line. Without Ukraine and Kazakhstan (weak data) the line predicts 19.4.

Test 2, tickets. Tickets per person on income across 35 countries: R² 0.52. Predicted 0.52 at Indonesia’s income; actual 0.45 (2024, tracker). On screens Indonesia is about half its line; on tickets about a seventh below. A Rp46,000 ticket is about 21% of a day’s GDP per person, like Vietnam (24%) and India (23%).

Both lines are descriptive associations, not causes.

Scenarios and assumptions

Four scenarios to 31 December 2030, built with formulas off the Assumption_Register sheet. Population grows 0.8% a year. A: screens grow 2.5% a year (the 2019 to 2025 pace) and tickets per screen stay at 53,100. B: screens reach 15 per million (between Vietnam and Thailand). C: tickets per screen fall to Malaysia’s 30,000. D: tickets per screen fall 20% as the local-film run fades. Box office at the 2025 Cinema XXI average ticket of Rp46,057.

No probabilities. The house method allows odds only where a base rate supports them. The study has three growth stories (Vietnam, Korea, Thailand), not a reference class written before counting, so the scenarios are a range, not a forecast.

Assumption register

ParameterValueBasisWhat would break itEffect on headline
Entertainment tax on cinema tickets (PBJT)10% share of net priceUU 1/2022 HKPD Art. 58: cap 10% from 5 Jan 2024; Jakarta Perda 1/2024 at 10% [S20]
Jakarta relief for national films (Kepgub 531/2026)5% effective rate50% relief, half passed to producers, once the Jakarta film institution exists [S21]
Exhibitor share of net box office50% shareIndustry convention 50:50 (APROFI 2016; exhibitor statements 2025) [S22]Hollywood terms (often 55 to 60% to the distributor in week one) or a different local splitProducer net per ticket moves about 10% for each 5 points of share; break-even admissions move the same
Distributor fee on producer share12.5% shareMidpoint of 10 to 15% quoted by producers; unsourcedFees outside 10 to 15%Producer net per ticket moves about 3% per point
Average ticket price, 202546,057 RpCinema XXI FY2025 ATP [S10]Other chains price below Cinema XXI (CGV, Cinépolis and regency formats are cheaper)Estimated box office and M5 overstated; industry size about 10% lower at a Rp41,000 average
F&B spend per head, 202525,814 RpCinema XXI FY2025 [S10]
USD/IDR16,600 Rp per US$Average 2025, rounded; change to tasteRupiah movesDollar figures only
Indonesia population, mid-2025284,438,600 peopleBPS [S2]
Indonesia population, 2024 (WDI)283,488,000 peopleWDI SP.POP.TOTL [S30]
National screens, latest2,375 screensBPI to DPR, 6 Nov 2025 [S1]
National cinema locations, latest496 sitesBPI, 6 Nov 2025 [S1]
Total admissions 2024, all films126.2 millionBicara Box Office tracker via Jakarta Post [S14]MPA puts 2024 box office at US$294m, 25% below Cinepoint (US$392m)At MPA's level tickets per screen are about 40,000, not 53,000; the shortage finding weakens but holds (counter-case slide)
Indonesian-film admissions 202580.27 millionKemenbud, 9 Jan 2026 [S12]
Horror film budget, low5 Rp bnRapi Films interview 2019; APROFI bands [S17]
Horror film budget, high10 Rp bnsame
Tentpole budget (Jumbo)48 Rp bnUnder US$3m, Deadline/CNA [S16]
Scenario A: screens growth a year2.5% per year2019 to 2025 national pace about 2 to 3% a year (2,000 to 2,375) [S1, S5]Cinema XXI additions fall below 40 a year, or small formats accelerate2030 screens range 2,500 to 2,900
Scenario B: screens per million target 203015 per millionBetween Vietnam (10.9) and Thailand (16.7); BPI asks for 10,000 screens [S1, S30]No funded programme; chains keep current capexScenario B does not occur; range tops out near A
Scenario C: admissions per screen 203030,000 per yearMalaysia level (29k) if streaming substitutesWindows stay at 4 to 9 monthsScenario C becomes less relevant
Admissions per screen 202453,100 per year126.2m / 2,375 [S1, S14]Same as total admissionsScenario tickets scale one for one
Population growth a year0.8% per yearBPS projection
Capex per screen, low5,000,000,000 RpCinema XXI guidance 2019 (Rp5 to 8bn a screen) [S10]Small formats at Rp1 to 3bn a screenBuild-out cost falls toward Rp4 to 6 trillion
Capex per screen, high8,000,000,000 RpCinema XXI 2024 plan: Rp775bn for about 100 screens [S10]Mall fit-outs above Rp8bnBuild-out cost above Rp16 trillion
Cinema XXI employees, 20234,779 peopleAnnual report 2023, p.42 (incl. subsidiaries, permanent and contract) [S46]Other chains staff differently; contract staff counted differentlyJobs estimate is indicative only; one company source
Cinema XXI screens, end 20231,280 screensInvestortrust 9 Mar 2024 [S10]
Indonesia GDP 2024, current prices22,139 Rp trillionBPS release 5 Feb 2025 [S47]

Industry size at 200 million tickets

Spending at the cinema (tickets and food) rises from Rp9.1 trillion to Rp14.4 trillion a year at 200 million tickets, still about 0.07% of GDP. Entertainment tax to cities rises from Rp0.5 to 0.8 trillion; the producer side, after the distributor fee, from Rp2.3 to 3.7 trillion; direct cinema jobs from about 8,900 to 16,600 at 3.7 staff a screen. Building 2,065 screens at Rp5 to 8 billion each needs Rp10 to 17 trillion. Sensitivity: ticket price 10% either way gives Rp13.5 to 15.3 trillion of spending; an exhibitor share of 45 to 55% gives producers Rp3.3 to 4.0 trillion.

Confidence and the case against

Overall confidence: moderate. The strongest case against our reading: totals are tracker estimates, and MPA puts 2024 box office at US$294 million, 25% below Cinepoint’s US$392 million. At MPA’s level each screen sells about 40,000 tickets, near Vietnam’s 49,000. New screens outside big malls may not pay: CGV is loss-making and parent-funded, Cinépolis shrank, and the census found closed small-format sites. The boom is two films deep: two titles took 26% of 2025 local tickets.

Our reading after weighing it: the shortage holds even at MPA’s lower count, since 40,000 tickets per screen is still a third above Malaysia and Thailand. The build-out case is weaker than the arithmetic: regency screens must be cheap to build and run. What would settle it: an audited national admissions count, ticket sales per screen at regency sites, and 2026 totals on a normal film slate.

Data gaps

  • No official box office or total admissions: every per-person ratio rests on trackers.
  • The early-1990s peak: 2,853 screens (archival series) against 3,300 and 6,600 in other accounts.
  • Malaysia admissions: 48.7 million (Comscore 2023) against 32.6 million (FINAS 2024).
  • Thailand has no official national screen series; the Philippines has published none since 2020.
  • Producer credits: co-productions are credited to every partner.
  • The exhibitor split and distributor fee are conventions, not reported terms.
  • Cinema XXI screens per site: the coverage map uses a chain average of 5.17 for 270 sites.

Canonical numbers

The Canonical sheet lists every repeated number once. Grades: A primary and audited, B official or reported by a named body, C a single estimate. Sources: 21 graded A, 27 B and 11 C.

IDFigureValueAs ofSourcesGrade
C01National screens2,375 screensNov 2025S1B
C02National cinemas (sites), BPI496 sitesNov 2025S1B
C03Screens per million people (WDI 2024 population, as for peers)8.38 per million2025S1, S30B
C04Screens per million predicted at Indonesia income (Test 1)18.5 per million2024S30, peersA/B
C05Tickets per screen a year53,100 tickets2024S1, S14B
C06Tickets per person a year0.445 tickets2024S14, S30B
C07Tickets to Indonesian films, 202580.3 million2025S12B
C08Tickets to Indonesian films, 202480.2 million2024S12B
C09All tickets, 2024 (tracker)126 million2024S14B
C10All tickets, 2025 (one industry estimate)121 million2025S14C
C11All tickets, 2019152 to 168 million2019S45, S14B
C12Local films share of tickets, 20250.66 share2025S12, S14B
C13Indonesian films released, 2025201 titles2025S12B
C14Top-2 titles share of local tickets, 20250.26 share2025S13A
C15Median 2025 local film100,000 tickets2025S13A
C16Cinema XXI share of screens0.59 shareSep 2026 / Nov 2025S6, S1A/B
C17Cinema sites found, all chains518 sitesOct 2026S54B
C18Regencies and cities with a cinema170 of 514Oct 2026S54B
C19People living in a regency with a cinema0.617 shareOct 2026S54B
C20People in regencies with no cinema109 millionOct 2026S54B
C21Ticket price (Cinema XXI average)46,057 Rp2025S10B
C22Paid streaming subscriptions26.9 million2025S48B
C23Korea admissions change 2019 to 2025-0.56 share2025S49B
C24Scenario range, tickets 203081 to 200 million31 Dec 2030Scenariosmodel
C25Spending at the cinema, base9.07 Rp tn2024/25Industrymodel
C26Spending at the cinema, scenario B14.4 Rp tn2030Industrymodel
C27Build-out capital, scenario B, low to high10 to 17 Rp tn2030Industrymodel
C28MD Pictures tickets 2015 to 202573.5 million2015-2025S53B
C29Horror share of top-30 tickets since 201726 to 61% share2017-2025S53, S13B
C30Top-10 imports gross, 2019 and 2024 to 2025166; 49 to 62 US$ m2019-2025S55B

Review status

The study follows the Sulco Research Methodology (house method) v1.0, which took effect on 30 October 2026, the day the study started. Two steps could not be done in order and are recorded here rather than hidden: the framework was written on day one but not frozen as a timestamped record before data work, and the pre-mortem review gate was not run before the data. An independent number audit traced 54 figures and all required fixes were applied. The numbers were checked by the author's own review before publication. Review by an outside expert (an exhibitor, producer or film-policy academic) had not taken place at publication; it is planned before the next update on 31 January 2027.

Change log

DateVersionWhat changedEffect on headline numbers
30 Oct 2026v0.1First full draft: 30 slides, 12 sheetsn/a
30 Oct 2026v0.2Site census, producers, what sells, streaming, industry size; 38 slides, 25 sheetsRegencies with a cinema 22% to 33% (all chains counted)
30 Oct 2026v0.3SOP v1.0 review: Canonical, Assumption_Register, graded sources, Change_Log; scenario odds removed; claims and counter-case slides; headlines shortened; peers extendedWeighted scenario (140m tickets) removed; headline numbers otherwise unchanged unless noted in the research log
30 Oct 2026v0.3Peer set 26 to 36 countries in Test 1 (35 in Test 2); Gate 2 audit fixes (17 FIX, 25 SHOULD)Income line for Indonesia 20.3 to 18.5 screens per million; tickets-per-person gap 0.11 to 0.07; regencies with a cinema 115 to 170 on Province sheet
30 Oct 2026v0.4Renumbered Study No. 2; sixteen table slides rebuilt as charts; slide 9 tile map on a Natural Earth outline; C29 horror share 26 to 61%; slide 10 screens 215 to 380C29 corrected
30 October 2026v1.0Published on sulco.id as Sulco Study No. 2, version 1.0 (summary page, full-study browser, method and sources pages); slides redesigned as chartsNo change to numbers