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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…

By The Numbers: Predicting Cinema’s Post-COVID Recovery

At the end of last year the Celluloid Junkie editorial team began discussing its annual predictions piece for 2021. However, most expert forecasts for 2020 crumbled like volcanic lava sliding into the ocean. We stared into the 2021 crystal ball and saw a lot of fog regarding the return of cinema and…

Deliver Us From Evil, Greenland, Unhinged

Worldwide Box Office Slowly Sputters To Life As Cinemas Reopen

Global data kindly provided by Comscore. With almost 50% of cinemas around the world back in business, the big screen is stretching and coming out of its deep sleep. “Tenet” tickets have gone on sale, spreading like wildfire across social media, accounting for half of all ticket sales a…

A Holistic Recovery: The Countries with the Most Resilient Film Industries

The film industry has, for the last 100 years, always proven itself to be recession-proof, having reaped the benefits of being affordable Out Of Home (OOH) leisure entertainment. But sadly, the last four to six months have shown the industry to not be pandemic-proof. So with a severe recession loomi…

#Alive

The First Post-COVID Blockbuster Hit Isn’t a Hollywood Film

With cinemas re-opening all over the world, but major Hollywood tentpoles either repeatedly postponed or going straight-to-VoD, returning moviegoers have had to make do with holdover titles (“1917,” “Little Women”) and older re-releases (“Jaws” and “Jurassic…

Coronavirus Cinema Update – Friday 13 March 2020

This post will be updated throughout the day (13 March 2020) as news emerges and things change at a fast pace. Thank you also to all those who have sent in news and kept us informed. Please send updates you may have to tips@celluloidjunkie.com. It is exactly 50 days since all cinemas closed in China…

Coronavirus Cinema Update – Tuesday 10 March 2020

As Bond is followed by the bunny in getting its release date shifted, with SPE’s “Peter Rabbit 2: The Runaway” moved from March 27 (Easter) to August (five month later), we look at the latest news from around the world to see how cinemas are impacted by the Coronavirus (Covid-19).…

COVID-19 Cinema Update – 2 March 2020

Here is a roundup of the latest news in the global cinema market as it relates to the coronavirus COVID-19 outbreak. China – Beijing Municipal Government held its 34th coronavirus press conference, stating that the local cinema industry is not yet ready for resumption of operation. Their…

CGV share price

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…

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…

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