Economic downturn hits Marshall Islands

posted by danpetitpas on November 12, 2008 at 7:57 am

SAIPAN, MARSHALL ISLANDS — The economic downturn, which forced the only cinema on the islands to close two days a week, has led to the only branch of Blockbuster video being closed.

When word leaked out, bargain-hunters descended on the store, and by 7 pm, people were no longer being allowed inside because it was full.

Last month, the seven-screen Hollywood Theatre-Saipan Megaplex started closing its doors two days a week because of poor economic conditions and rising costs. Last April 18th it closed completely, re-opening May 23rd only after overwhelming complaints from the public.

The theater shows first-run Hollywood fare. It opened in on September 8, 1999 with all stadium seating and features large screens and Dolby in all auditoriums.

Read more here and here in the Saipan Tribune.

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