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S. Korea Seeks to Adopt Ceiling on Screen Domination by Big-budget Films

S. Korea Seeks to Adopt Ceiling on Screen Domination by Big-budget Films

SEOUL, Oct. 14 (Korea Bizwire) — South Korea is seeking to put a ceiling on the number of movie screens allotted for a single film in a bid to prevent a screen monopoly by big-budget blockbusters, the culture ministry said Monday. “The Ministry of Culture, Sports and Tourism will seek a revision of the ‘Promotion [...]

Multiplex Cinemas Threatening Independent Films

Multiplex Cinemas Threatening Independent Films

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 [...]