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CJ CGV

CJ CGV of Korea, the movie chain controlling over one half of movie releases in South Korea, Turkey, Vietnam and other countries is planning to take at least 40% of the Russian market. Vedomosti was told so, by the Company VP Brett Kim in the interview published on Monday.

"We have been studying Russian for several years and had meetings and discussions with many people. I can say that we have come to Russian not only to operate 33 movie theaters with whom we have arrangements already. We plan to operate 150 to 200 movie theaters and to become the major player in the Market", said Kim to Vedomosti.

14 November 2017
Vedomosti

CJ CGV, the largest South Korean cinema chain, is negotiating to buy a stake in the Russian Karo chain. It is reported by Kommersant citing a source familiar with both sides of the negotiations; several informants on the market are also aware of these negotiations. According to Kommersant’s source, representatives of the Russian and South Korean companies have met three times this year. CGV is running due diligence of the chain and wants to buy the controlling interest in Karo, he added.

25 August 2017
Vedomosti
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CJ CGV

South Korea

Company's website: http://www.cgvcinemas.com

A public company

CGV, a member of CJ Group, a large Korean group of companies, manages more than 3 thousand screens in different countries, including South Korea, China and the USA, of which 1 thousand in the domestic market. In 2016, the Company bought Mars Cinema, Turkish cinema market leader, for $687 million and joined the top five world’s largest cinema chains.

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