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CJ CGV to Co-Produce First Hollywood Title for ScreenX Format

CJ CGV to Co-Produce First Hollywood Title for ScreenX Format

SEOUL, Dec. 2 (Korea Bizwire) – South Korea’s largest multi-screen cinema chain CJ CGV said Friday it will collaborate with a Hollywood studio to co-produce the first English film for providing the ScreenX immersive experience.  The company announced that it will work with the American film production company “Let It Play” to make the ScreenX [...]

CJ to Step up Global Expansion Through M&A

CJ to Step up Global Expansion Through M&A

SEOUL, Jan. 6 (Korea Bizwire) – CJ Group, South Korea’s leading food and entertainment conglomerate, will step up its global expansion through mergers and acquisitions (M&A) in the bio and logistics business to foster new growth drivers, company officials said Wednesday.  CJ has been grappling with stagnant growth after its chairman Lee Jay-hyun’s indictment on [...]

S. Korean Cinema Chain CGV Opens Six 4DX Theaters in Japan

S. Korean Cinema Chain CGV Opens Six 4DX Theaters in Japan

SEOUL, Jul. 28 (Korea Bizwire) — A subsidiary of South Korea’s largest cinema chain, CJ CGV, has added six 4DX movie theaters in Japan, the company said Tuesday. The six recently opened at multiplex theaters in six cities, including Sapporo, Maebashi and Himeji, CJ 4DXPlex Co. said in a release. The 4DX auditoriums in Sapporo [...]

FTC Investigates Alleged Unfair Business Practices of Multiplex Theaters

FTC Investigates Alleged Unfair Business Practices of Multiplex Theaters

SEJONG, June 18 (Korea Bizwire) — South Korea’s antitrust watchdog said Thursday that it has started a probe to determine if local multiplex theaters engage in unfair trade practices that hurt consumers. The Fair Trade Commission (FTC) said it is trying to determine if CJ CGV, Lotte Cinema and Megabox forced customers to view extended advertisements and made [...]