Lotte Cultureworks
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Native name | 롯데컬처웍스 |
|---|---|
| Company type | Private |
| Industry | Entertainment |
| Founded | September 1999[1] |
| Headquarters | , |
Key people | Byung-hwan Choi, CEO[2] |
| Services | Distribution, film production, finance, exhibition |
| Owner | Lotte Corporation (aka Lotte Group) |
| Parent | Lotte Shopping |
| Divisions | Lotte Entertainment, Lotte Cinema |
| Website | www.lottecinema.co.kr |
Lotte Cultureworks (Korean: 롯데컬처웍스) is a Republic of Korea company that houses Lotte Cinema (Korean: 롯데시네마) and Lotte Entertainment (Korean: 롯데엔터테인먼트).[3]
Lotte Cultureworks originally began as Lotte Cinema, which was a division of Lotte Shopping, in 1999.[4] In September 2003, Lotte Entertainment was created under Lotte Shopping to manage film production, distribution, investment, and international sales.[5] In 2018, Lotte Corporation spun-off the entertainment branch from Lotte Shopping as Lotte Cultureworks, which houses both Lotte Cinema and Lotte Entertainment.[6]
Lotte Cinema operates 142 theaters in Korea, as well as 40 theaters in Vietnam.[3] In 2014, Lotte Cinema World Tower opened to the public with 21 screens and 4,615 seats.[7]
Lotte Entertainment is the production, distribution and international sales division of Lotte Cultureworks.[3] Lotte Entertainment is a sub-distributor of American film studio Paramount Pictures in Korea.
In 2018, Lotte Cultureworks overtook CJ Entertainment to become the country's leading distributor, following the box-office success of fantasy franchise Along With the Gods.[8]
The current CEO of Lotte Cultureworks is Byung-Hwan Choi, the former CEO of CJ CGV.[9]
Partnership Deals
In May 2019, Lotte Cultureworks signed a joint business agreement with INNOCEAN, a marketing subsidiary of Hyundai Motor Group, to partner in business, global expansion, marketing and advertising.[10]
In February 2023, Lotte Cultureworks signed a business agreement with Disney Theatrical Productions, a performance production subsidiary of The Walt Disney Company. The first musical performance in Korea will be "Aladdin" in 2024.[11]