(Megabox in the Zhongguancun district of Beijing)
Korean movie theater or multiplex chains such as CGV, Megabox, and MK Pictures are rushing to open theaters in China by teaming up with local partners there, saying the pace of growth in the film industry there is very fast.
According to China’s state-run movie promotion agency, the State Administration of Radio, Film and Television, movie ticket sales in China show an annual growth rate of between 20 and 30 percent between 2001 and 2005, while ticket sales jumped to 2.4 billion yuan (273.6 billion won) in 2006, compared with 1.5 billion yuan in 2004.
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Story & Photo from KOIS
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