The content industry is trembling due to the ‘Crisis of JoongAng Group’... Release, distribution, and production are also ‘faltering’
⚡ Quick Summary
Four JoongAng Group companies begin corporate rehabilitation procedures. Megabox cancels merger with Lotte Cinema.
Four JoongAng Group companies begin corporate rehabilitation procedures. Megabox cancels merger with Lotte Cinema. Watching whether the film distributor will settle the May portion. Maintaining the exclusive release 'Mega Only' is also difficult. Focusing on the performance of Hongjin's new film 'Hope'. Reduction of JTBC dramas, concerns over decreased investment. Hong Jeong-do, Vice Chairman of JoongAng Group, initiates rehabilitation procedures due to liquidity crisis of some of the Joongang Group's affiliates, including JTBC, held at the JoongAng Ilbo Building in Mapo-gu, Seoul on the 15th of last month. ···
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