Korea’s Lotte Cinema-Megabox Merger Collapses as JoongAng Group’s Financial Crisis Deepens

The projected merger betwixt Lotte Cinema and Megabox, which would person created South Korea’s largest theatrical exhibitor, has officially collapsed aft astir 14 months of negotiations, with the woody yet undone by a fiscal situation engulfing Megabox’s genitor company, JoongAng Group. Lotte Shopping and Contentree JoongAng disclosed Wednesday that the memorandum of knowing governing the […]