Culture
Thursday, 7/2, 10:40 AM
South Korea's Lotte Cinema-Megabox merger collapses amid parent group's crisis
- A planned merger of Lotte Cinema and Megabox, two of South Korea's biggest cinema chains, has collapsed — undone not by regulators but by a financial crisis at Megabox's parent group, whose costly bet on sports broadcasting rights has pushed several companies into court-supervised restructuring.