The world’s leading cinema operators today announced the establishment of the Global Cinema Federation, a worldwide group intended to represent cinema exhibition’s global interests. Exhibition today is a global and dynamic phenomenon, with growing annual box office returns of $38.6 billion increasingly evenly spread across the world. With the rapid development of the industry in Latin America, Africa and the Asia-Pacific region, the operators involved recognize the extent to which the business opportunities and policy challenges they face – such as film theft, technology standards, theatrical release practices, international trade practices and the highly valued relationship with partners in film distribution – are shared by counterparts across territories.