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In the first quarter of 2025, Contentri Central reported consolidated revenues of 225.2 billion KRW. However, it faced an operating loss of 12.1 billion KRW. Meanwhile, its subsidiary SLL achieved remarkable revenue growth, reaching 139.7 billion KRW with an operating loss of 4.5 billion KRW. This performance marks a major 35.7% increase year-on-year and a 21% rise quarter-on-quarter. The growth was fueled by strong performances in overseas markets and new business segments.
Notably, SLL’s overseas revenue surged to 74.5 billion KRW, making up 56% of its total revenue. This indicates promising expansion in global content supply. Major titles like ‘The Tale Of Lady Ok,’ ‘Chunhwa Love Story,’ and ‘Negotiation Skills’ on platforms such as Netflix, Tving, U-NEXT, and Viu have been pivotal for SLL’s growth.
Looking ahead, SLL plans to release Netflix’s original series ‘Necessary for This Star’ and the highly anticipated ‘Good Boy’ on Disney+ and Prime Video. These releases will further broaden SLL’s content portfolio.
SLL is diversifying its focus beyond dramas and films into music and entertainment. This includes strategic acquisitions, such as stakes in Studio Slam, which significantly enhance their entertainment offerings. In contrast, Megabox reported standalone revenue of 44.9 billion KRW with an operating loss of 10.3 billion KRW. The year-on-year box office attendance fell by about 33%, negatively impacting revenue.
Despite these challenges, Megabox remains committed to survival strategies. They are focusing on exclusive content and improving the theater experience. Megabox’s exclusive screening of ‘Attack on Titan: The Final Season – The Last Attack’ broke attendance records. This showcases their ability to attract audiences despite broader industry challenges.
To enhance customer experience, Megabox is upgrading theater environments. They are replacing seats with recliners and transforming darkened theaters into relaxing spaces. On another front, Playtime Central reported consolidated revenue of 16.3 billion KRW and an operating profit of 1.4 billion KRW. Although initial restructuring and new openings have affected profits, the company is pursuing strategies aimed at premiumization and global expansion.
With plans to open new locations in key areas of Seoul and internationally in Indonesia and Thailand, Playtime Central is positioning itself for future growth. Overall, while challenges remain, Contentri Central and its subsidiaries are strategically navigating the evolving entertainment landscape. They are expanding their global reach and diversifying their content offerings to ensure a sustainable and profitable future.
This article has been written by Kpopmap AI writer and while we have made efforts to ensure the accuracy of the article, there may be errors or inaccuracies.
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