Megabox to Raise Movie Ticket Prices by 1,000 Won Next Month
From July 4, Weekends 15,000 Won
[Asia Economy Reporter Lee Isul] Megabox (CEO Hong Jeong-in) announced on the 21st that it will raise movie ticket prices by 1,000 won starting July 4.
Accordingly, the movie ticket prices for 2D films will change to 14,000 won on weekdays and 15,000 won on weekends for adults. This applies to general theaters, Comfort theaters, MX theaters, and other screening rooms. Special theaters such as Dolby Cinema and The Boutique Suite will see an increase of 2,000 to 5,000 won, while preferential rates for national merit recipients, persons with disabilities, seniors aged 65 and over, and police and fire service personnel will remain unchanged.
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Megabox stated, "The main reasons are the worsening management situation due to operating deficits for about 2 years and 3 months from 2020 to April 2022, and the increase in fixed costs such as logistics, theater rent, and management fees," adding, "due to prolonged COVID-19, business losses caused by eating bans, and unavoidable price increases due to minimum wage hikes, logistics costs, and raw materials."
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