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CGV Cinemas, South Korea

Korean Cinemas Profitable at Home But See Overseas Loss

The latest figures from Korea’s largest cinema operators highlights an uneven recovery across Asia but a slow return to profitability in their home market. While CJ CGV saw a year-on-year decrease for the second quarter of 2022, Lotte’s cinema operation returned to profit for the first t…

CJ EXCLUSIVE: CGV Launches ScreenX PLF Format

Korean cinema major CJ CGV has unveiled a new premium large format (PLF) concept with the ScreenX PLF. This is an upgraded version of the ScreenX immersive screen that projects images in a 270 degree field of vision. There is also the addition of a private booth in the back, that allows audiences th…

Korean Box Office Pandemic Recovery

South Korea’s Cinema Recovery Highlights Staffing Shortages

South Korea has become the last major global cinema territory to see a strong recovery, thanks to a combination of Marvel and a lifting of restrictions. “Doctor Strange in the Multiverse of Madness” scored an impressive USD $29.1 million five-day opening, off a USD $14.4 million opening…