The business showings of three major Korean multiplex cinema chains for the fourth quartile of 2023 are released. Lotte Cinema and Megabox showed a rather unsatisfactory performance while CGV garnered a four-year-awaited upturn to surplus.CGV·Lotte Cinema·Megabox release earnings of 2023 Q4CGV reported its earnings from the final quarter of 2023. With 343 billion KRW of revenue and 16.9 billion KR...
Following in the footsteps of CGV Cinemas and Megabox, Lotte Cinema has also raised its ticket prices in a bid to offset losses during the ongoing pandemic. The number two exhibition company in Korea also announced that it would permanently close 20% of its locations over the next two years as they tighten their operations. Lotte has announced that it will raise ticket prices by KRW 1,000 (USD 0.9...
CJ CGV aims to develop and sell the CGV 4D PLEX system to the 500 4DX movie theaters worldwide The era has come where we can watch VR movies in theaters. Following Lotte Cinema's "Special VR Screening Series", CGV has released exclusively a VR melodrama Stay with Me. It is highly symbolic that the two major multiplex chains, which are leading the Korean theater industry, have screened ...
Korean Film Council (KOFIC, Chairman OH Seok Geun) introduced Vietnamese films to local moviegoers. From July 18th to 19th, the Lotte Cinema’s World Tower screened three Vietnamese films during the ‘Vietnamese Film Days’ event. Co-hosted by KOFIC, Vietnam Cinema Department (VCD), Lotte Cultureworks and Lumix Media, this event screenedThe Tailor by TRAN Buu Loc and Kay NGUYEN, Jailbait by LE Thanh ...
Korean Film Council (KOFIC) and the Vietnam Cinema Department co-hosted 2017 Vietnamese Film Days in Korea at the Lotte Cinema World Tower complex and Lotte Hotel in Jamsil from January 12th (Thur) to 14th (Sat). The event came after the ‘Cooperative Agreement for Mutual Improvement of Film Industry’ signed at 2016 K-Cinema Global Networking in Vietnam in Ho Chi Minh. The opening event was attende...
An agreement for youth film education and distribution system of citizens’ films was signed at the Korea Media Content Festival 2016 at Lotte Cinema World Tower on December 12th. Korean Film Council (KOFIC) and The National Association of Media Centers jointly concluded this arrangement with Lotte Cinema and Cable TV VOD respectively. So, their collaboration plans are expected such as youth film e...
Korean Film Council (KOFIC, Chairman OH Seok Geun) introduced Vietnamese films to local moviegoers. From July 18th to 19th, the Lotte Cinema’s World Tower screened three Vietnamese films during the ‘Vietnamese Film Days’ event. Co-hosted by KOFIC, Vietnam Cinema Department (VCD), Lotte Cultureworks and Lumix Media, this event screenedThe Tailor by TRAN Buu Loc and Kay NGUYEN, Jailbait by LE Thanh ...
Korean Film Council (KOFIC) and the Vietnam Cinema Department co-hosted 2017 Vietnamese Film Days in Korea at the Lotte Cinema World Tower complex and Lotte Hotel in Jamsil from January 12th (Thur) to 14th (Sat). The event came after the ‘Cooperative Agreement for Mutual Improvement of Film Industry’ signed at 2016 K-Cinema Global Networking in Vietnam in Ho Chi Minh. The opening event was attende...
An agreement for youth film education and distribution system of citizens’ films was signed at the Korea Media Content Festival 2016 at Lotte Cinema World Tower on December 12th. Korean Film Council (KOFIC) and The National Association of Media Centers jointly concluded this arrangement with Lotte Cinema and Cable TV VOD respectively. So, their collaboration plans are expected such as youth film e...