In a remarkable display of community solidarity, the iconic Cinema Nova in Brussels has been rescued from the brink of closure.
After a nail-biting 21-week fundraising campaign, Supernova Coop, the organization behind the initiative, successfully raised an astounding €833,700.
This significant sum ensures the future of the beloved non-commercial and independent cinema, located in the heart of Brussels city centre, for at least another 68 years.
The urgency to secure Cinema Nova’s lease became evident as Brussels’ escalating real estate prices threatened to dismantle the cherished institution.
With nearly three decades of showcasing indie cinema, the impending expiration of its lease posed a grave threat to its existence.
Supernova Coop mobilized the public to stave off this impending crisis, urging them to become stakeholders in safeguarding the theatre’s future by purchasing shares.
“We did it! Today, Wednesday, March 13, Supernova Coop raised €833,700,” announced the elated organization. A staggering 3,000 cooperators joined forces, collectively investing €527,550 during the public phase of the campaign.
This figure, combined with shares sold during a private call, secured the requisite funds to acquire the building on Rue d’Arenberg, guaranteeing the cinema’s longevity until at least 2092.
“This is the result of a collective effort. It was not certain that the campaign would achieve its goal,” remarked the organization, acknowledging the uncertainty that loomed over the initiative.
The achievement is all the more remarkable as it was accomplished without resorting to loans and surpassed expectations well before the official deadline of March 31.
The organization emphasized that the campaign’s success also came despite unforeseen cost escalations, highlighting the resilience and determination of the community.
The triumph of Supernova Coop’s fundraising campaign not only underscores the deep-rooted connection between Brussels’ residents and their cinema but also underscores the significance of independent venues dedicated to fostering cultural exchange and exploration.
In an era where such spaces are increasingly imperilled by unchecked real estate speculation, the collective action that saved Cinema Nova serves as a beacon of hope.
“This commitment is further proof of the power of collective action, in this case, thanks to participatory financing by individual citizens,” affirmed the organization, expressing hope that the success of Supernova Coop will inspire similar grassroots initiatives in the future.
As the dust settles on this remarkable feat, Brussels can celebrate the preservation of a cultural landmark that serves as more than just a cinema—it is a hub of creativity, community, and collective spirit.
With its future secured, Cinema Nova stands as a testament to the enduring power of solidarity and the unwavering dedication of those who refuse to let cherished institutions fade into obscurity.
This article was created using automation technology and was thoroughly edited and fact-checked by one of our editorial staff members
