The story
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 South 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. 2017 saw the second U.S. location open, in Buena Park, in Orange County.
As of 2019, CGV held a market share of 49.5%, significantly surpassing Lotte Cinema's 29.1% and Megabox's 18.6%.
Timeline
1995: Theater Business Team formed inside the Cheil Jedang
1996: Jointly established by CJ Cheil Jedang (South 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 South Korea's first premium cinema, Gold Class
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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 South 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 South 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 South Korea's first 4D movie
August 2009: Opened Starium with Asia's largest screen
April 2010: Exceeded an aggregated total of 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
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
May 2013: Opened in Samsan CGV in Ulsan
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. At that time, "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. 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.
July 2016: CJ CGV increased their stake at CGV Blitz, setting aside 28.8 billion won ($25 million) to buy 50.6 million of its owner PT. Graha Layar Prima Tbk. shares by August 1, which leads to slow rebranding from CGV Blitz into CGV Cinemas.
January 2017: Opened the 2nd U.S. location in Orange County, in Buena Park.
September 2018: First Location in D2 Place in Lai Chi Kok, Hong Kong SAR.
December 2021: First Location in Nova Mall in Taipa Macau SAR.
July 2026: Founded the film distribution subsidiary "CGV Pictures".
From Wikipedia’s article on CJ CGV, shared under CC BY-SA 4.0.4