JEJU, South Korea - Landing Jeju Development Co., Ltd. (LJDC), a wholly owned subsidiary of Landing International Development Limited and the developer and operator of Jeju Shinhwa World, and global content leader Lionsgate announced plans to develop Lionsgate Movie Worldat 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.
In addition to being Korea's first international theme park, Lionsgate Movie World at Jeju Shinhwa World will be the first outdoor theme park built exclusively around world-famous movies. It is also the largest destination attraction to date in Lionsgate's growing international network of branded theme parks, entertainment centers and other attractions in the U.S., Europe, the Middle East and Asia. The project will be developed into seven movie zones, each themed around blockbuster Lionsgate properties which have collectively grossed nearly $9 billion at the global box office. These include The Hunger Games, The Twilight Saga and Now You See Me as well as the eagerly-anticipated March 2018 release Robin Hood.
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.