The story
Lotte Cinema started as the Cinema Business Division under Lotte Shopping in 1999. By September 2003, Lotte Shopping's Cinema Business Division had been involved in the planning and production of movie imports, distribution, investment projects and performances under the name of Lotte Entertainment.
In 2018, Lotte Corporation rearranged their Cinema Business Division by moving Lotte Cinema under Lotte Cultureworks along with Lotte Entertainment.
On May 8, 2025, Megabox parent company JoongAng Group announced to merge the cinema chain alongside Lotte Cinema, forming as joint venture in hope to increase the competitiveness with CJ CGV.
From Wikipedia’s article on Lotte Cinema, shared under CC BY-SA 4.0.3
