CGV seeks 10,000 screens by 2020
Nov 19, 2015
CJ CGV, Korea‘s largest cinema chain, is targeting 10,000 screens and 700 million moviegoers worldwide by the year 2020, its chief executive said Wednesday. Speaking to press at the chain’s Cheongdam branch in southern Seoul on Wednesday, CEO Seo Jung said that his company will be focusing on overseas expansion through active mergers and acquisitions, rather than the saturated domestic market. In Korea, the cinema unit of local conglomerate CJ has 128 theaters and 971 screens, controlling nearl