CGV Achieves 'Elite Status' as One of World's Top Five Multiplex Chains Based on 2013 Admissions Figures

- A new leader among international cinema chains, records 100 million in 2013 attendance
- Innovative 'Cultureplex' model to accelerate CGV's international expansion across Asia
 
CJ CGV, a leading multiplex cinema operator and innovator, announced today that by the end of 2013, it will become only the fifth multiplex chain in the world to exceed 100 million annual cinema visitors. Attendance rankings are generally based on figures from an operator's home country only; with CGV's figure thus from its domestic Korea market.

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Since launching its first overseas multiplex in Shanghai in October 2006, CGV has expanded abroad aggressively with 40 theaters and 296 screens currently operating across China, the United States, and Vietnam, or 24.6% of the company's total operations based on number of screens. Also, with 87% international market share, CGV currently operates 90, 4DX screens, in 22 countries worldwide. By 2014, the portion of CGV's overseas operations is expected to reach 30% with expansion in China, as well as Vietnam, where the country's top exhibitor MegaStar will be integrated into the CGV brand.

"As one of the world's top five cinema chains, CGV will continue its international growth with our innovative 'Cultureplex' model as the main driver. By 2020, we aim to become the world's top multiplex, expanding our theater business, including 4DX, to 60 countries worldwide", remarked Mr. Jung Seo, CEO of CJ CGV. "In Korea, as the nation's leading cinema chain, CGV continues to actively invest in corporate shared value (CSV) through various cultural welfare programs such as 'Movie Collage' promoting the independent film market".
 
CGV, A History of Driving Growth in Korea
Since launching the nation's first multiplex in 1998, CGV has served as a driving force behind rapid advancement of both the Korean content and cinema market.

In terms of Korean content, CGV's multiplex model effectively deactivated the inefficient "block booking" system whereby studios would sell films in packages to only one designated theatre, limiting accessibility to films. With introduction of the multiplex and viewers able to watch films in various theatres, the number of moviegoers grew rapidly, stimulating both investment and advancement in domestic film production. In 1997, prior to the arrival of CGV's multiplex, only 2.5 out of every 10 moviegoers watched Korean films. In 2013, with consistent growth driven by the multiplex model, the market share for Korean films is expected to reach almost 60%.

For the cinema market, CGV's multiplex model has contributed to impressive quantitative growth. For example, as of 18 December 2013, South Korea had recorded 200 million movie ticket sales, a figure expected to exceed 210 million by year's end. With this record achievement, based on data from The Korean Film Council (KOFIC) and CGV internally, South Korea's annual movie attendance rate per capita will record 4.12 -- a remarkable achievement given that the country's per capita rate in 1997 was only 1.0.

Continued Global Growth
Actively investing in future-oriented, innovative theatres as part of its global growth strategy, CGV has been first in the world to introduce 4DX and ScreenX technology, as well as launch the 'Cultureplex' model which incorporates cultural entertainment elements into the multiplex concept. Recognizing CGV's global appeal, CNN ranked CGV's 4DX and Cine de Chef as number five and number eight, respectively, among the world's 10 most enjoyable movie theatres – the only cinema operator to have two of its theaters listed. As CGV moves forward as one of the world's most innovative theatre brands, it will continue to lead and advance the cinema market.