GDC Technology Limited, a leading global provider of digital cinema solutions, announced today it has won a solicited proposal to be CJ CGV Cinemas exclusive provider from 2023 to 2026.
The agreement involves the deployment in China, South Korea, and Southeast Asia of the SR-1000 media servers
with a built-in cinema audio processor for 7.1 surround sound and Enterprise Storage
. The agreement covers the replacement of legacy media servers at CJ CGV existing sites and all their new construction projects. CJ CGV will install up to 1,000 units during the agreement’s four-year period. To date, GDC media servers has the largest market share in the whole of Asia Pacific including top market share in China, Japan and Korea. GDC media server is also leading the replacement market in North America.
CJ CGV is the largest multiplex cinema chain in South Korea and has cinema complexes in China, Indonesia, Myanmar, Turkey, Vietnam, and the United States. CJ CGV is the fifth-largest theatrical exhibition company in the world. CJ CGV currently operates 4,207 screens at 591 locations in seven countries, including 1,343 screens at 191 locations in South Korea. CJ CGV opened the first multiplex in Gangbyeon in 1998. In 2002, it renamed the company CJ CGV. In December 2004, it became the first theatre chain listed on the Korea Stock Exchange.
After extensive testing, SR-1000 stood out for its ultra-reliability, better options of storage and many advanced features such as the built-in 7.1 and DTS:X for IAB cinema audio processors.
“CGV and GDC are longtime partners in the theater industry, and we look forward to working together as sustainable partners not only through this contract but also in the future,” said CGV purchasing team officials.
“CGV has been a valued partner for more than a decade,” said Man-Nang Chong, founder, chairman and CEO of GDC Technology Limited. This agreement provides CGV with GDC’s flagship digital cinema servers designed with the latest and most powerful semiconductor technology for near zero maintenance and minimal total cost of ownership. By selecting GDC from the possible candidates, they will have ultra-reliable technology to help them achieve their mission of being the best at entertaining people in the communities they serve.” About GDC Technology Limited
GDC Technology Limited (‘GDC’) is a leading digital cinema solutions provider with its manufacturing facility certified with ISO 9001:2015 by SGS. GDC develops, manufactures and sells cinema projector, media server for both projector and LED cinema display, content storage system, cinema enterprise software including theatre management system and advanced cinema automation system for the global cinema industry. GDC is a licensee of DTS 7.1 and DTS:X object-based immersive sound technology from DTS, Inc. In addition, GDC also provides a suite of digital cinema products and services, including LED cinema, 3D product, audio processors, speakers, projector lamp, post-production service, and Electronic Delivery System (EDS). About CJ CGV
Based on continuous evolution, we are leaping to become the Global No.1 Cultureplex that leads the Total Lifestyle by delivering not only the movie watching environment but also more services and impressions. CGV has been leading a new trend in movie watching by introducing the first multiplex in Korea with the opening of CGV Gangbyeon in 1998. With the largest number of screens and chain network in the country, CGV boasts the best brand power, ranking overwhelmingly first in various customer satisfaction surveys. CGV does not rest on its laurels as Korea's No. 1 movie theater, but is constantly striving to deliver 'impressions beyond cinema' to the world.