New Business
Thursday, 7/2, 07:37 AM
A Merger to Reshape South Korea's Cinemas Collapses Amid a Financial Crisis
- A planned merger of Lotte Cinema and Megabox that would have created South Korea's largest movie-theater chain has fallen apart, undone by a financial crisis at Megabox's parent — a collapse that lays bare how badly the country's theater business has been battered by streaming and the pandemic's long tail.