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Search results for "rehabilitation proceedings"

Movies industry braces for tension as Megabox seeks to recover…KOFICE to help with debt claims by next month’s 2nd

Movies industry braces for tension as Megabox seeks to recover…KOFICE to help with debt claims by next month’s 2nd

Deadline to submit creditor lists is Aug. 4…guidance materials for those who did not attend and counseling desks to be in operation
Movies industry hit by Megabox liquidity crunch…KOFICE mounts emergency response by Aug. 4 'deadline'Claim filing for rehabilitation debts begins Aug. 5, with an all-out effort to minimize damage to small and mid-sized distributors and entrusted theaters'Megabox' shakes the ecosystem… 'Korea Film...
| James choi
Movie Industry “Big Deal” Falls Through as Lotte Cinema and Megabox Suspend Merger Talks

Movie Industry “Big Deal” Falls Through as Lotte Cinema and Megabox Suspend Merger Talks

Financial stress at Contentree JoongAng prompts the two companies to end their MOU, with Lotte Cinema pivoting to go it alone and focus on strengthening its content capabilities
A massive project that had been expected to shake up the Korean theater industry has ultimately collapsed. In a filing on the 1st, 'Lotte Shopping' declared that it will scrap the 'merger' process between 'Lotte Cultureworks' and 'Contentree JoongAng' involving 'Lotte Cinema' and 'Megabox' in full.
| James choi
WATCHA Enters Corporate Rehabilitation Process

WATCHA Enters Corporate Rehabilitation Process

Although it introduced original and imported film brands as a first-generation OTT platform, it has entered corporate rehabilitation due to worsening management.
The domestic OTT platform WATCHA has ultimately entered the corporate rehabilitation process. WATCHA started as a movie rating platform in 2016 and launched its service as 'WATCHA PLAY' at the time of the OTT platform launch.
| Seongchan Eol