Coming soon to Indonesia: a battle over the cinema industry

By Eveline Danubrata and Hooyeon Kim JAKARTA/SEOUL (Reuters) - Indonesia's opening of its fiercely protected cinema industry is whetting the appetite of overseas firms such as South Korea's CJ CGV Co Ltd, looking to profit from an increase in the supply of foreign movies to a vast, underdeveloped market. The movie market is one of dozens of industries Indonesia liberalised last week in a "Big Bang" shake-up that one minister called the largest opening of Southeast Asia's biggest economy to foreign investors in 10 years. Under the new rules, foreign firms can hold 100 percent stakes in the film industry, including production, distribution and exhibition.