SEOUL, Sept. 24 (Korea Bizwire) — Dolby Laboratories Inc., a U.S.-based audio and imaging technology giant, said Thursday it has signed a deal to supply its advanced cinema solutions to local multiplex operator Megabox for the next five years. Under the deal, Dolby Labs will provide its auditorium package to Megabox, starting with its movie [...]
SEOUL, July 22 (Korea Bizwire) — Dolby Laboratories Inc., a U.S.-based audio and imaging technology giant, on Wednesday opened its premium cinema in South Korea in partnership with local multiplex operator Megabox. South Korea’s first Dolby Cinema will be at the Megabox COEX branch in southern Seoul, one of the biggest movie theaters in the [...]
SEOUL, April 6 (Korea Bizwire) — A little over two years ago , South Korean movie theater chain CJ CGV introduced a graded pricing system that was criticized as a cover for raising ticket prices. Under the pricing system, while the price of certain seating areas actually dropped by 1,000 won, the price of seats [...]
SEOUL, June 8 (Korea Bizwire) – Earlier this week, CJ CGV, South Korea’s largest multiplex operator, celebrated its 1 billionth moviegoer since it opened its first multiplex in Seoul in 1998. Multiplex cinemas currently dominate South Korea’s film market. As of 2016, CGV, Lotte Cinema, and Megabox – the big three cinema operators – boasted [...]
SEOUL, Jan.25 (Korea Bizwire) – Although January is usually a busy time at movie theaters, this year is different, and cinema owners are not happy that customers are staying away. Under these circumstances, it was revealed that the Financial Services Commission (FSC), a government organization that issues financial policies and oversees financial institutions, asked finance [...]
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 [...]
SEOUL, Dec. 24 (Korea Bizwire) – The Ministry of Culture, Sports, and Tourism has decided not to extend subsidies to large film distributors such as CJ E&M and Lotte Entertainment for their Korean-made movies. It was a follow-up measure after the Fair Trade Commission announced on December 22 that it would impose fines of 5.5 billion won (3.2 billion won [...]
SEOUL, South Korea, June 25, 2014 (Korea Bizwire)–MEGABOX, one of South Korea’s largest cinema chains, today will debut the first MI-HORIZON3D system in South Korea for the opening of Transformers: Age of Extinction. Following the successful installation of the high-brightness, premium MI-HORIZON3D, MEGABOX will continue to deploy systems throughout the year. The MI-HORIZON3D is the innovative [...]