
Proposed Merger Of Korean Cinema Chains Lotte & Megabox Collapses
- South Korea's 2nd and 3rd largest cinema chains abandoned their merger after 13 months of negotiations and three extensions
- The collapse reflects parent company JoongAng Group's financial crisis, with multiple subsidiaries filing for restructuring
- Korean box office suffered significant declines in 2025, with domestic films particularly hard hit
South Korea’s second and third largest cinema chains, Lotte Cinema and Megabox, have called off their proposed merger. Lotte Shopping revealed in a corporate filing on Wednesday that the memorandum of understanding signed with Megabox parent company Contentree JoongAng to merge the two chains was terminated on June…








