CGV Cinemas Indonesia

As BlitzMegaplex

BlitzMegaplex opened its first location in the Paris Van Java shopping mall, Bandung, Indonesia, on 16 October 2006. Seven more locations have been built, including one in Bekasi Cyber Park, which was opened on 3 June 2011. In September 2012, BlitzMegaplex opened its first location outside Java, in the Plaza Balikpapan shopping center in Balikpapan. This location was also the first location to use the Blitz Theater brand, later adopted by other locations such as those in Kepri Mall, Harbour Bay, Bandara City Mall, and Grand Galaxy Park.[1]

CJ CGV's involvement

Minority ownership

In 2013, there was a rumor that Korean cinema chain, CJ CGV, bought BlitzMegaplex shares, something which was denied later on since it was illegal to do so under Indonesian law; this is because CJ CGV was still on Indonesia's Daftar Negatif Investasi (DNI) list, or negative investment list.[3][4] The evidence pointed to Koreans connected to CJ CGV being on the company's board before its IPO in 2013.[5]

The company went public on the Indonesia Stock Exchange on 10 April, 2014.[6] However, CJ CGV already owned several shares of the company a month before the IPO.[7] In August 2015, the company then rebranded all of its locations into CGV Cinemas.[8] Its first location with the brand CGV Blitz was Miko Mall, Bandung.

As of November 2015, CJ CGV owned about 14% of Blitz.[9]

Majority ownership

In late 2016, CJ CGV increased its share of the company to 51%, thus becoming the majority shareholder of the company.[10] The company underwent another rebrand to its current name, CGV Cinemas, in 2017.[11]

Closed Sites

In 2018, Blitz Theater Grand Galaxy Park was replaced by Flix Cinema, another cinema chain by Agung Sedayu Group.[12] In February 2020, its location in Mall of Indonesia was also replaced by Flix Cinema,[13] as both malls are owned by Agung Sedayu Group, the same company which owns Flix Cinema.[14] Due to the COVID-19 pandemic, its location in Kepri Mall remains closed to the present day.[15] Two other locations—Harbour Bay and Daya Grand Square, are closed due to the malls they occupied ceasing to exist.[16][17] In 2024, two additional locations— Bandara City Mall and Grand Kawanua Manado, closed due to low occupancy. The theatre site in Bandara City Mall was acquired by Cinema XXI in February 2025.[18]