SEOUL, July 3 (Korea Bizwire) — The transformation of multiplex chains, shifting from “viewing theater” to “participatory theaters,” a trend that began during the COVID-19 pandemic, is accelerating. The Seongsu branch of Megabox recently launched an open platform called Meta Ground by renovating one of its screens. The new platform showcases a variety of media [...]
SEOUL, Feb. 10 (Korea Bizwire) — A considerable number of teenagers typically go to movie theaters to watch films more than twice a month, a survey showed Thursday. The Korea Film Council conducted a survey of 412 teen members of multiplex cinema chain CGV, and 29.6 percent of whom said they visit movie theaters twice [...]
SEOUL, July 21 (Korea Bizwire) — South Korean cinema chains are expanding premium large format auditoriums in a bid to meet rising customers’ demand for better picture and sound in theaters. CJ CGV, the country’s largest multiplex operator, opened a new IMAX screen at its theater in Cheongju, some 109 kilometers south of Seoul, earlier [...]
SEOUL, July 4 (Korea Bizwire) — South Korea’s box office reported 15 million admissions for June, marking the largest monthly tally for over two years, data showed Monday. A total of 15.5 million people went to theaters last month, up 6.3 percent from 14.6 million a month earlier, according to the data compiled by the [...]
SEOUL, April 26 (Korea Bizwire) — With many South Koreans opting to stay at home to watch movies rather than going to movie theaters, consumer patterns in movie consumption are also changing. The Korea Film Council reported that movie theaters only accounted for 30.4 percent of revenue in the entire film industry last year, which [...]
SEOUL, Feb. 25 (Korea Bizwire) — Tickets to remotely watch the upcoming BTS concert at movie theaters have nearly sold out, reflecting the high fan interest in the group’s first in-person concert in Seoul in two years, officials said Friday. Some 36,000 tickets for “live viewing” of the K-pop superstars’ concert on March 12 at [...]
SEOUL, Dec. 13 (Korea Bizwire) — The South Korean film industry, which is already facing significant challenges due to the prolonged COVID-19 pandemic, is facing another hurdle — screen quota system. South Korea currently has a screen quota system to protect local films from big-budget Hollywood flicks. The system requires theaters to fill 73 days [...]
SEOUL, Aug. 25 (Korea Bizwire) — Netflix’s Korean-language original films will be screened in theaters next month as part of industry-wide efforts to overcome the pandemic-led slump, a local multiplex operator said Wednesday. CJ CGV, South Korea’s biggest multiplex chain, said it will run a special program titled “Netflix in CGV” to show seven films [...]
SEOUL, July 23 (Korea Bizwire) — The number of people who went to theaters in the first six months of the year dropped to a record low due to the protracted novel coronavirus pandemic, box-office data showed Friday. A total of 20 million moviegoers were recorded in the first half of 2021, down 38.2 percent [...]
SEOUL, July 16 (Korea Bizwire) — Amid the protracted novel coronavirus pandemic, local theaters are complaining of the strict “screen quota” system that mandates them to fill part of their screening time with domestic flicks. The Korean film market had been in a deep slump since the COVID-19 hit the country early last year, suffering [...]