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CJ CGV to Raise $280m From PE Funds

Korean and global exhibition major CJ CGV is looking to raise around USD $280 million through a private equity placement that would significantly reduce the stake of parent company CJ. The announcement comes as CJ CGV’s share price recovers from step drop and as the cinema operator tries to sh…

Berlinale 2018

Cinema News Digest – Thursday 15 February 2018

Dear Junkies, Today is the start of the Berlin Film Festival (aka Berlinale to locals) and CJ will be taking part in various panels, forums, presentations, meetings, receptions and, who knows, we might even be able to fit in a film or two. German cinema is celebrating a return to growth, with 122.3m…

"Youth" poster

China Cinema News – Monday 8 January 2018

China’s BO returns to growth in 2017 – just about; interesting cinema year 2018 ahead with BO predicted to his CNY 60 bn ($8.5bn); growth of cinemas in smaller cities but average attendance low; authorities to push cinemas to show local films; China Giant Screen aims to overtake Imax; CJ…

CJ CGV CEO Seo

Korean Cinema Operators Look Abroad for Growth

South Koreas largest cinema operators are looking abroad for growth as the number of overseas cinema admissions overtakes that of Korea this year for the largest operator CJ CGV. Both CGV and Lotte have already a significant presence in several major Asian and European markets, but with domestic adm…

CGV cinema in Ho Chi Minh City, Vietnam. (photo: Patrick von Sychowski / Celluloid Junkie)

CJ CGV Plans to List its Foreign Subsidiaries

South Korean cinema major CJ CGV is set to stock market list its overseas cinema operation according to reports in Korean financial media. According to ChosunBiz CGV will begin with an initial public offering (IPO) of its Vietnamese subsidiary in 2018 before continuing with its other international o…

CGV+VUE=CGVUE

Cinema News Digest – Tuesday 14 November 2017

Dear Junkies, MoviePass has paid AMC USD $11.88 on average for each cinema ticket sold, AMC data shows. Not a bad deal for customers paying USD $9.95 per month, but not a business model that is sustainable in the long run. AMC’s Adam Aron was unequivocal in his take on the third-party all-you-…

CJ CGV-ADG signing ceremony in Seoul. (photo: CJ CGV)

CJ CGV to Open 33 Cinema in Moscow by 2020

Korean cinema major CJ CGV will become the first major foreign exhibitor to expand into Russia, with plans to build 33 cinemas with 160 screens in Moscow by 2020. CJ CGV signed a deal with Russian real estate company ADG Group to form a 70-30 joint venture called RusCo out of Hong Kong with a regis…

Winners and losers of the stock market.

CJ Analysis: Taking Stock of Cinema Stocks

Shares in North American cinema operators have endured a rough ride this summer, with AMC taking a particular battering following a perfect storm of a weak third quarter (Q3), uncertainty in China (especially over financing from its largest shareholder, Wanda) and the enforced sell-off of shares in…

CJ CGV hearts Karo Cinemas

CJ Cinema News Digest – Tuesday 29 August 2017

CGV to buy Karo? US cinema advertising up; ‘Cine Cool’ in eastern France, Alamo goes clowns-only for ‘It’; Cineville stormed on terrorist fears; “Game of Thrones” in cinemas; LightVibes to foil piracy; Cinepolis Kochi closed; “Gone With the Wind” de-pr…

Palace Cinemas in Monee Pond's Puckle Street. (image: Katherine Manger / artist's impression)

CJ Cinema (ROW) Property Update – Thursday 20 July 2017

Australia: Palace Melbourne Japan: Aeon Chofu, United Cinemas Okinawa Israel: Yes Planet Zikhron Yaakov Poland: Helio Katowice USA: Bow Tie Troy, Montclair Imax, Boulder art-house, GQT Lafayette India: Mukta A2 x2, SPI Bengaluru, Inox Noida, PVR Kota France: 4 Delta Varenne Czech Rep.: Cinema City…

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