CJ CGV Opens 20th Store in Indonesia
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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.
Questions & Answers
Q.Where is CJ CGV's 20th store located and what are its key features?
Where is CJ CGV's 20th store located and what are its key features?
CGV Blitz Slipi is in West Jakarta, Indonesia, specifically within the Slipi Jaya Plaza shopping mall. It features four screens, 674 seats, and offers premium 3S (Seat, Screen, Sound) services for optimal viewing conditions.
Q.How many cinemas and screens does CJ CGV currently operate in Indonesia?
How many cinemas and screens does CJ CGV currently operate in Indonesia?
CJ CGV now operates 20 cinemas with a total of 143 screens. This growth has occurred over two years and four months since the company began consignment management for Blitz Megaplex in January 2014.
Q.What are CJ CGV's financial and audience targets for the current year?
What are CJ CGV's financial and audience targets for the current year?
The company aims for approximately 60 billion won (US$50.4 million) in sales and over 10 million attendees this year. They plan to open eight more cinemas, including CGV Blitz Slipi, to achieve these targets.
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