UA Multimedia Inc (UAMM)

[BigAlBalbosci]

CGV, a major movie distributor, will be showing ‘Gentle’ on its vast network of theaters throughout Vietnam beginning March 27th.

a few facts about CGV:

according to:
Patrick Frater
Asia Bureau Chief
China’s Wanda Group may have made headlines in 2012 with its $2.3 billion acquisition of U.S. exhib AMC Entertainment, but South Korea’s CJ-CGV might be Asia’s most ambitious cinema operator, with stakes in China and Vietnam, and eyes on Malaysia, Indonesia and Myanmar — all fast-growing economies in underscreened markets.

In Vietnam, CGV grew through acquisitions, buying the market-leading Megastar, with seven complexes, for $73.4 million in 2011. It has since expanded to 11 sites. While CGV was criticized at the time for overpaying, odds are good that ultimately, the deal will pay off. When Megastar launched in 2006, the entire Vietnamese theatrical market was worth only $4 million-$6 million. As of last year, it had a 50% share of a market estimated to be worth $40 million, with projections of 30% expansion **** THIS WAS MANY YEARS AGO…STILL LOOKING FOR UPDATED #'s…they will be WAY UP…100 MILLION EASY IN SALES FOR VIETNAM


In 2013, CGV’s 106 theaters and 833 screens in South Korea accounted for 101 million tickets (worth a gross of $751 million) of the record-breaking 213 million admissions sold nationwide, putting it in the company of AMC, Regal, Cinemark and Cinepolis in terms of scope. Only CGV says it got to the 100 million mark with far fewer theaters.

http://variety.com/2014/biz/asia/south-korean-exhibition-giant-cj-cgv-aggressively-expands-empire-1201066384/