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Lionsgate theme park to open at Jeju Shinhwa

Hong Kong-listed Landing International Development has announced an agreement with LionsGate Entertainment to develop a theme park at Jeju Shinhwa World integrated resort.

The theme park, named Lionsgate Movie World, will be Lionsgate's first branded outdoor theme park, which will be built exclusively around world famous movies.

The theme park will span 122,000 sqm, and will center around seven movie zones with multiple Lionsgate’s film properties, including Hunger Games, The Twilight Saga and Now You See Me.

Visitors will be able to experience 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.

The theme park is expected to commence construction in 2018 and is scheduled to open in 2019.

“With addition of Lionsgate Movie World as the centerpiece of Jeju Shinhwa World, the Group believes that Jeju Shinhwa World will offer comprehensive premium guest experience in world class resort facilities including Four Seasons Resort, Marriott Resort and Spa, Somerset serviced resort condominium and upscale villas,” wrote Landing International Development Ltd chairman and executive director Yang Zhihui.

Profit warning

Landing International on Thursday also told investors it is expected to record a narrowed net loss for the six months ended June 30, 2017.

“The expected improvement of the 2017 Interim Results is mainly attributable to (i) segment profit of property development arose from revenue recognition upon delivery of the properties to the purchasers; (ii) gain on fair value change of financial assets at fair value through profit or loss; and (iii) gain on fair value change of investment properties,” said the company in a filing on Thursday.

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