2:08:00 PM
.
JEJU ISLAND, South Korea, and SANTA MONICA, Calif., Aug. 15, 2017 -- Landing Jeju Development Co., Ltd. (LJDC), a wholly owned subsidiary of Landing International Development Limited (HKSE Code: 582) and the developer and operator of Jeju Shinhwa World, and global content leader Lionsgate (NYSE: LGF.A, LGF.B) today announced plans to develop Lionsgate Movie World at Jeju Shinhwa World, Korea. Lionsgate Movie World, spanning approximately 1.3 million square feet (approximately 122,000 square meters) and centered around multiple renowned Lionsgate film properties, is Lionsgate's first branded outdoor theme park and the latest milestone in the continued ramp up of Lionsgate's location-based entertainment business around the world.
Visitors can experience actual movie scenes through state-of-the-art rides, attractions and 4D Intellectual Property (IP) reproduced streets and towns. Each zone will also feature themed restaurants, cafes, souvenir shops and entertainment performances. Lionsgate Movie World at Jeju Shinhwa World is expected to commence construction in 2018 and is scheduled to open in 2019.
Mr. Yang Zhihui, Chairman and Executive Director of Landing International Development Limited, said, "It is our great honour to have Lionsgate as our partner. We are very excited to have the first Lionsgate Movie World at Jeju Shinhwa World bringing Hollywood movies and their immersive environments to our theme park to deliver a premium guest experience. With Lionsgate's success in the content creation industry, we strongly believe that Lionsgate Movie World at Jeju Shinhwa World will enhance our offerings and further strengthen Jeju Shinhwa World's market position as a desired tourist destination in Jeju."
"We're pleased to partner with our friends at Landing International, one of Asia's premier developers, on our first branded outdoor theme park and one of our largest and most exciting location-based entertainment destinations," said Lionsgate Chief Executive Officer Jon Feltheimer. "Our partners are creating a world-class resort that will be the perfect home for our theme park. Under the leadership of Tim Palen, Kerry Phelan and Jenefer Brown, and driven by a valuable portfolio of intellectual property, we have built a global location-based entertainment business in just three short years, and Lionsgate Movie World promises to become one of its crown jewels."
Lionsgate Movie World will be the centerpiece of Jeju Shinhwa World, one of Korea's most dynamic integrated resorts spanning an area of approximately 2.5 million square meters (over 20 million square feet). Opening progressively from earlier this year, Jeju Shinhwa World offers premium guest experience in world class resort facilities including Four Seasons, Marriott and Somerset hotels, upscale resort condominiums and villas, high end retail for international and K-fashion brands. The integrated development will also feature an array of leisure and entertainment options including a waterpark, theme parks, a destination spa, an international style casino and a K-pop entertainment center.
Launched at the beginning of 2017, Jeju Shinhwa World is opening in phases and will be one of Korea's most exciting and prestigious world-class integrated leisure and entertainment resorts. More details are available on Jeju Shinhwa World's website (https://www.shinhwaworld.com/).
About Landing International
Landing International is a limited company listed on the Main Board of Hong Kong Stock Exchange and also a constituent stock of the Hang Seng Family of Indexes. The Company and subsidiaries are principally engaged in the development operation of integrated leisure and entertainment resorts, gaming clubs, entertainment facilities and property development under its own "Landing 藍鼎" and "Les Ambassadeurs or Les A 利陞" brand names.
Landing International, through its subsidiary Landing Jeju Development Co., Ltd, is currently developing "Jeju Shinhwa World 濟州神話世界", a 2.5 million square metre integrated leisure and entertainment destination resort in Jeju, which will be Jeju's first premium integrated resort. It offers its visitors many world-class hospitality, leisure, entertainment and gaming facilities including theme parks, an adventure water park, more than 2,000 premium hotel rooms, luxury resort condominium villas, leisure and entertainment amenities, as well as Jeju's largest retail and food beverage complex.
Landing International also owns Les Ambassadeurs Club, a leading premium gaming club in London, United Kingdom with 45 gaming tables offering a variety of casino games including American roulette, baccarat, blackjack and three card poker. It also has several featured private VIP rooms and the largest outdoor gambling zone in London.
For more information, visit www.landing.com.hk
About Lionsgate
The first major new studio in decades, Lionsgate is a global content platform whose films, television series, digital products and linear and over the top platforms reach next generation audiences around the world. In addition to its filmed entertainment leadership, Lionsgate content drives a growing presence in interactive and location based entertainment, gaming, virtual reality and other new entertainment technologies. Lionsgate's content initiatives are backed by a 16,000 title film and television library and delivered through a global licensing infrastructure. The Lionsgate brand is synonymous with original, daring and ground breaking content created with special emphasis on the evolving patterns and diverse composition of the Company's worldwide consumer base.
About Jeju Shinhwa World
Jeju Shinhwa World will be Jeju's first premium integrated resort, spanning an area of approximately 2.5 million square metres (26.9 million square feet). Opening progressively from the beginning of 2017, Jeju Shinhwa World offers world-class hospitality, leisure, entertainment and gaming facilities including theme parks, an adventure water park and a destination spa, as well as Jeju's first retail and food and beverage complex. The project will incorporate a series of premium hotels offering more than 2,000 rooms, ranging from family-oriented guest rooms to ultra-luxurious exclusive villas. Full meeting and conference facilities suitable for regional and international MICE (meetings, incentives, conventions and events) are also readily available to meet the most demanding business needs.
For more information, visit www.shinhwaworld.com
For media inquiries, please contact:
Peter Wilkes
Lionsgate
310-255-3726
pwilkes@lionsgate.com
