CJ CGV

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CJ CGV
CJ CGV(씨제이 씨지브이)㈜
Industry Film industry
Founded 20 December 1996
Founder <templatestyles src="Plainlist/styles.css"/>
Headquarters Seoul, South Korea
Number of locations
 9~10F Sangam IT tower, 1590 Sangam-dong, Mapo-gu, Seoul Special City, Republic of Korea
Area served
 Worldwide
Key people
 Seo Jung (CEO)
Products <templatestyles src="Plainlist/styles.css"/>
Services Multiplex cinema
Owner CJ Group
Number of employees
 1030
Parent CJ Group
Subsidiaries CGV Arthouse
Primus Cinema
Website Official Website

CJ CGV(Hangeul: CJ CGV(씨제이 씨지브이)㈜) is the largest multiplex cinema chain in South Korea, and also has branches in China, Vietnam and the United States.[1] CGV takes its name from the first letter of the three words; Cultural, Great and Vital. Its chain includes 85 sites, 681 screens and 100 thousand seats in Korea.

CGV Cheongdam Cine City in Sinsa-dong, Gangnam-gu, Seoul
CGV CINĒ de CHEF theater

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.[2][3]

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 Los Angeles
  • June 2010: Opened the Pyeong-chon CGV in Anyang, Gyeonggi[4]
  • November 2010: Launched new CGV BI[clarification needed]
  • 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[5]
  • May 2013 : Opened in Samsan CGV in Ulsan[6]
  • 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.[7][8] 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.[9]

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.

‘Movie Collage’ is the first indie theater in Korea operated by CGV for independent 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.

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".[15]

See also

References

  1. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  2. ↑ http://variety.com/2014/biz/international/south-korean-exhibition-giant-cj-cgv-aggressively-expands-empire-1201066384/
  3. ↑ http://www.hollywoodreporter.com/news/cj-cgv-hit-100-million-667588
  4. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  5. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  6. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  8. ↑ Lua error in package.lua at line 80: module 'strict' not found.
  9. ↑ http://www.bloomberg.com/news/articles/2016-04-04/south-korea-s-cj-cgv-to-pay-688-million-for-mars-entertainment
  10. ↑ Lua error in package.lua at line 80: module 'strict' not found.
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  15. ↑ Lua error in package.lua at line 80: module 'strict' not found.

External links

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