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Lotte Cinema (Korean: 롯데시네마) started as the Cinema Business Division under Lotte Shopping in 1999 with the concept of focusing on launching a new entertainment era. As part of the rapid growth of the Korean film industry in the early 2000s, Lotte Cinema expanded its market share and is now the second largest multiplex chain in Korea. [2]
Lotte Cinema operates 142 theaters in Korea, as well as 40 theaters in Vietnam. [3] In 2014, Lotte Cinema World Tower opened to the public with 21 screens and 4,615 seats. [7] Lotte Entertainment is the production, distribution and international sales division of Lotte Cultureworks. [3] Lotte Entertainment is a sub-distributor of American film ...
Despite the loss of some historic original theaters, multiplexes have since led to a boom in film viewership since the turn of the century. [12] The era has seen the rise of consolidation and the decline of smaller theaters, however. Currently, the companies CGV, Lotte Cinema, and Megabox dominate the industry. [17]
A press conference was attended by the cast: Kim Jae-joong, Song Ji-hyo, Han Sang-jin and Oh Dal-su, held on 9 November 2012 at the Lotte Cinema at Konkuk University. [ 7 ] The film ranked fourth and grossed ₩966,147,307 on its first week of release, [ 8 ] and grossed a total of ₩1,351,848,104 domestically after two weeks of screening.
In 2018, Lotte Corporation spun-off the entertainment branch from Lotte Shopping as Lotte Cultureworks which includes both Entertainment and Cinema divisions. [3] The Lotte Entertainment division was created to focus its operations in the motion pictures industry, and is often included in Korea's "Big 4" of the major film industry distributors ...
It is the fifth cinema company achieving this mark, joining Regal, AMC, Cinemark and Cinepolis. [4] [5] 2017 saw the second U.S. location open, in Buena Park, in Orange County. As of 2019, CGV held a market share of 49.5%, significantly surpassing Lotte Cinema's 29.1% and Megabox's 18.6%. [6]
Megabox Joongang (Korean: 메가박스중앙; stylized as MEGABOX; 메가박스) is a multiplex cinema chain in South Korea, and the third largest multiplex theater company in the country, after CJ CGV and Lotte Cinema. It is headquartered in Cheongdam-dong, Gangnam-gu, Seoul.
Lotte runs a home appliance retailer by acquiring Hi-Mart for 1.25 trillion won in 2012. Hi-Mart was the nation's top consumer electronics retailer, with 314 stores. [ 6 ] Lotte Shopping also had the multiplex cinema chain Lotte Cinema under its wing but decided to spin off the cinema business department as a subsidiary, Lotte Cultureworks, in ...