CJ CGV Opens 20th Store in Indonesia

CJ CGV announced on May 30 that it opened its 20th store “CGV Blitz Slipi” in West Jakarta of Indonesia on the 26th.

With four screens and a total of 674 seats, CGV Blitz Slipi is located in “Slipi Jaya Plaza,” a large shopping mall situated at the center of office town and residential area. In a bid to offer the optimum viewing conditions, it has introduced premium 3S – Seat, Screen and Sound – services.

The company now has 20 cinemas with 143 screens in two years and four months after CJ CGV started consignment management for Blitz Megaplex in January 2014.

CJ CGV plans to open a total of eight more cinemas this year, including CGV Blitz Slipi. Based on this, it aims to generate about 60 billion won (US$50.4 million) in sales this year.

Considering the fact that it turned over nearly 34 billion won (US$28.56 million) in 19 cinemas last year, CJ CGV is planning to aggressively double its market. It will also increase the number of audiences from 7 million last year to more than 10 million this year.