CJ CGV

CJ CGV (Hangeul: CJ CGV (씨제이 씨지브이)㈜) is the largest multiplex cinema chain in South Korea and also has branches in China, Indonesia, Myanmar, Turkey, Vietnam, and the United States.[3] The fifth largest multiplex theater company in the world, CJ CGV currently operates 3,412 screens at 455 locations in seven countries, including 1,111 screens at 149 locations in South Korea.[4] CGV takes its name from the first letters of the joint venture partners at the time of launching; CJ, Golden Harvest (Orange Sky Golden Harvest), and Village Roadshow.

CGV Cheongdam Cine City in Sinsa-dong, Gangnam-gu, Seoul
CGV CINĒ de CHEF theater
CJ CGV
Native name
씨제이씨지브이 주식회사
Traded asIDX: BLTZ
KRX: 079160
IndustryFilm industry
Founded20 December 1996 (20 December 1996)
Founder
Headquarters
Seoul
,
South Korea
Number of locations
455
Area served
Worldwide
Key people
Seo Jung (CEO)
Products
ServicesMultiplex cinema
Number of employees
Korea: 1,525 (2016 non-consolidated)[1]
Overseas: ?
ParentCJ Group
SubsidiariesCGV Arthouse
Mars Entertainment
CJ 4DPLEX (90.48%)[2]
WebsiteCGV Korea

CGV Vietnam

CGV Indonesia

History

CGV started as Theater Business Team inside CJ CheilJedang in 1995. CJ Golden Village was jointly established in 1996 by CJ Cheil Jedang of Korea, Orange Sky Golden Harvest of Hong Kong and Village Roadshow of Australia. However, now it is operated by CJ only as Golden Harvest and Village Roadshow have pulled out of the group. CGV opened the first multiplex in Gangbyeon in 1998. It merged CJ Golden Village and renamed the company to CJ CGV. In December 2004, it became the first theater chain listed on the Korea Stock Exchange.

CGV exceeded an aggregated total of 100 million viewers in 2004. It opened its first digital movies in 2006, SMART PLEX in 2008, 4D PLEX in 2009 and Cine City in 2011. In 2006, it opened eight sites in China and one in Los Angeles, and took over major cinema chain in Vietnam. 2013, CGV had 101 million visitors within one year. It is the fifth cinema company achieving this mark, joining Regal, AMC, Cinemark and Cinepolis.[5][6] 2017 saw the second U.S. location open, in Buena Park, in Orange County.

Timeline

  • 1995: Theater Business Team formed inside the Cheil Jedang
  • 1996: Jointly established by CJ Cheil Jedang (Korea), Golden Harvest (Hong Kong) and Village Roadshow (Australia)
  • April 1998: Opened the first multiplex cinema in Gangbyeon
  • December 1999: Opened second multiplex cinema in Incheon
  • July 2000: Opened Korea's first premium cinema, Gold Class
  • October 2001: Exceeded an aggregated total of 100 million viewers
  • October 2002: Renamed the company to CJ CGV
  • February 2003: Exceeded an aggregated total of 100 screens
  • February 2004: Showed Korea's first digital movie
  • October 2004: Opened the first multiplex indie theater
  • December 2004: the first theater chain listed on Korea Stock Exchange
  • December 2005: Introduced Korea's first IMAX system in Yongsan and Incheon
  • October 2006: first to enter Chinese theater market (1st CGV in Shanghai)
  • May 2007: Opened Cine de Chef, a premium theater with fine dining
  • October 2007: Launched CGV 'Movie Collage'
  • July 2008: Opened Smartplex 'edutainment' theater
  • October 2008: Opened Starium in Incheon
  • January 2009: Showed Korea's first 4D movie
  • August 2009: Opened Starium with Asia's largest screen
  • April 2010: Exceeded an aggregated total 0f 200 3D screens
  • July 2010: Opened the first CGV in U.S., in Los Angeles
  • June 2010: Opened the Pyeong-chon CGV in Anyang, Gyeonggi[7]
  • November 2010: Launched new CGV BI
  • April 2011: Started movie down loading service
  • July 2011: Took over multiplex cinema, 'MegaStar Cineplex', in Vietnam
  • November 2011: Opened Cine City in Cheongdam
  • April 2013: CGV Junggye opened in Junggye-dong, Nowon-gu[8]
  • May 2013 : Opened in Samsan CGV in Ulsan[9]
  • May 2013: scheduled to open in Beomgye on May 16.
  • January 2014: Acquired 14% ownership/stake of Indonesia's Blitzmegaplex through Blitz's IPO, which causes controversy due to regulations. Despite controversy, which since cooled down, the BlitzMegaplex cinema will be renamed as "CGV Blitz" in 2015. Currently, 'CGV Blitz' opens in Jogjakarta's Sahid JWalk and its flagship 'cultureplex' at Grand Indonesia, while the rest of its theaters currently undergo rebranding and remodeling.[10][11] It also stated that its franchise brand, 'blitztheater' won't be changed due to franchise agreement with mall operators. CGV blitz Grand Indonesia was the first to operate SphereX technology in South East Asia, following footsteps of CGV China, who first to introduce the technology, and by CGV Korea, who opened their first SphereX branch in CGV Cheonho.
  • April 2015: Introduced Vietnam's first IMAX system in Ho Chi Minh (CGV SC VivoCity)
  • April 2016: CJ CGV Co. to acquire a 38.12% interest in Mars Cinema Group, Turkey's largest cinema chain, for $688 million.[12]
  • July 2016: CJ CGV increased their stake at CGV Blitz, setting aside 28.8 billion won ($25 million) to buy 50.6 million its owner, PT. Ghaha Layar Prima Tbk. shares by August 1, which leads to slow rebranding from CGV blitz into CGV Cinemas.[13][14][15][16]
    •
  • January 2017: Opened the 2nd U.S. location in Orange County, in Buena Park.

Facilities

CGV opened Korea's first luxury theater, Gold Class, with sofa and service; along with Cine de Chef, the premium theater with fine dining in Apgujeong-dong, Seoul. This was followed by CGV Art Hall, a concert hall with 500 seats, in Yeongdeungpo-gu for concert, musical and broadcasting program in addition to movies.

Since 2009, with the construction of digital cinema, it started showing a variety contents such as baseball game, Japanese K-1, concert and opera shows. In 2010 FIFA World Cup, it was marketed as a location for cheering games with the most number of 2D/3D screens.

In 2011, CGV Chungdam Cine City, with luxury life culture concept, was opened. It markets CJ's own brands such as The First Look Market operated by Oshopping and Vips, Bibigo, Twosome operated by Foodville.

CGV Arthouse (formerly Movie Collage) is the first indie theater in Korea operated by CGV for independent films (which later on became the name for a separate distribution company focused on these kinds of films).

From 2011, CGV extended their chain to Vietnam by taking over the multiplex cinema Megastar and opening more theaters like CGV Liberty Citypoint and CGV Crescent Mall. CGV opened their first luxury theater in Vietnam with sofas and went on to offer the Sweetbox (a red sofa that seats two) in multiple theaters. In 2015, CGV opened its 10th cinema complex (CGV Vivocity) and introduced the first IMAX theater in Vietnam with 311 seats, one premium studio with wide spaces and armchairs, and one studio for showing 4DX movies (augmented with environmental effects such as seat motion, wind, rain, fog, lighting, and aroma along with the standard video and audio thanks to a motion picture technology owned and developed CJ 4DPLEX). The remaining studios have Sweetbox seats as private spaces for couples.

CJ CGV is the second-largest operator of joint venture IMAX screens in China, behind Wanda Cinemas, China's largest theater chain.

Special theaters
4DX former logo
  • 4DX - 4DX was created by CJ 4DPLEX (a subsidiary of CJ CGV), the world's first 4D cinema, company and the technology enhances the onscreen visuals of action-packed blockbusters with special effects that include motion-activated seats, wind, fog, rain, lightning, vibration, snow, and scents.[17][18] CJ's 4DX systems are offered by theater owners in 41 countries.[19]
  • IMAX
    IMAX - IMAX is a specialized high definition movie format. It features a 1.43 : 1 unique aspect ratio and high resolution. CJ CGV only represent IMAX format in South Korea.
  • SCREENX Concept
    SCREENX - SCREENX uses three sides of a theater as screens to project images. It was developed in 2012 by CJ CGV and KAIST.
  • SweetBox - SweetBox is a premium seat for a couple. It added two seats together with no armrest.
  • STARIUM - There are two STARIUM screens in South Korea. They are in Centum City, Busan and Yeongdeung-po, Seoul. The Yeongdeungpo Stadium CGV has been officially listed in the Guinness Book of World Records as the "World's Biggest Screen" until 2014. The theater features a very large screen, a very high-resolution digital image, and a 16-channel sound system.[20][21]
  • Velvet (Indonesia)/L'AMOUR (Vietnam) - Velvet was first introduced by CGV Pacific Place when it was known as Blitzmegaplex Pacific Place in 2007. It features a queen-size sofa bed with the works (pillows and blankets), and service button on each sofa bed, enabling customers to order food and beverages without leaving the theater. CGV Vietnam adopted the concept and named it L'AMOUR in 2017.

Events

Recognitions
  • Globalization Achievement, CinemaCon 2011: CGV was awarded a prize of ‘Globalization Achievement’ for its efforts in leading Korean cinema business and commercialize of the first 4D system in the world.
  • In 2012, CNN Go listed 4DX and Cine de Chef on its list of "Movie theaters: 10 of the world's best".[27]
gollark: You could probably sell an elytra for at least 500.
gollark: OH LOOK A PROFIT MARGIN.
gollark: Elytra at hydro's shop about 20m away: 700KST.
gollark: 0.85KST when last I checked.
gollark: You'd be better off just selling elytra directly to buyers.

See also

References
  1. "사 업 보 고 서". dart.fss.or.kr. Retrieved July 12, 2017.
  2. "주석". dart.fss.or.kr. Retrieved July 12, 2017.
  3. Kil, Sonia (2016-11-23). "CJ-CGV Wants to Keep Growing Its Chains". variety.com. Retrieved 12 July 2017.
  4. Noh, Jean. "South Korea's CJ CGV pushes past 400 theatres". screendaily.com. Retrieved 12 July 2017.
  5. Frater, Patrick (24 January 2014). "South Korean Exhibition Giant CJ-CGV Aggressively Expands Empire". Retrieved 15 May 2017.
  6. "CJ CGV to Hit 100 Million Annual Cinema Admissions". Retrieved 15 May 2017.
  7. "Pyeong-chon CGV News<극장가 소식>".
  8. "New CGV theater optimized for family viewing". Korea Times. 23 April 2013. Retrieved 24 April 2013.
  9. "Samsan CGV Open!!<삼산 CGV 개관>>".
  10. "New CGV theater optimized for family viewing". Tribun News. 8 January 2014. Retrieved 9 January 2014.
  11. "IPO Of Indonesia's Blitz Puts CJ-CGV In Strong Position". Variety. 17 March 2014. Retrieved 18 March 2014.
  12. "CJ CGV, Partners to Pay $688 Million for Mars Cinema". 4 April 2016. Retrieved 15 May 2017 – via www.bloomberg.com.
  13. "South Korea's CJ CGV to Increase Stake in Indonesia's CGV Blitz Cinema Chain - Jakarta Globe". Archived from the original on 28 July 2016. Retrieved 15 May 2017.
  14. Sung-soo, Huh (28 July 2016). "CJ CGV Expands Its Presence in Indonesian Movie Market". Retrieved 15 May 2017.
  15. "BRIEF-CJ CGV to buy shares of PT Graha Layar Prima Tbk. for 28.86 bln won". Reuters. 21 July 2017. Retrieved 15 May 2017.
  16. "[CJ CGV] 타법인주식및출자증권취득결정". kind.krx.co.kr. Retrieved 15 May 2017.
  17. "4-D movies: Next big thing for U.S. theaters?". Los Angeles Times. latimes.com. 2012-07-07. Retrieved July 12, 2017.
  18. "Inside a 4DX Movie Theater With A Built in 'Tickler'". foxbusiness.com. 2016-04-04. Retrieved July 12, 2017.
  19. "4DX expanding as theaters seek to draw in bigger audience". cnn.com. 2016-08-04. Retrieved July 12, 2017.
  20. "CGV영등포 스타리움, '세계에서 가장 큰 스크린'". 씨네21 (in Korean). 2009-10-21. Retrieved 2018-05-01.
  21. "STARIUM란? < STARIUM | 영화 그 이상의 감동. CGV". 영화 그 이상의 감동. CGV (in Korean). Retrieved 2018-05-01.
  22. "Korean TV Drama: Lovers in Paris". Korea Tourism Organization. Retrieved 16 June 2012.
  23. Sunwoo, Carla (25 February 2012). "Shinhwa's comeback press conference to be streamed live". Joongang Daily. Archived from the original on 2012-07-15. Retrieved 4 May 2012.
  24. "Shinhwa press conference to be broadcast live online". Korea Times. 24 February 2012. Retrieved 13 December 2012.
  25. Kim, Erika (29 February 2012). "Global Mnet to Relay Live Shinhwa's Comeback Conference Around the World". enewsWorld. CJ E&M. Retrieved 3 March 2013.
  26. "Documentary Shows Top K-Pop Singers Behind the Scenes". Chosun Ilbo. 2 May 2012. Retrieved 4 May 2012.
  27. Chan, Hoishan (15 February 2012). "Movie theaters: 10 of the world's best". CNN Go. Archived from the original on 30 April 2012. Retrieved 4 May 2012.
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