- Frame Pictures, a leading movie/drama equipmentleasing player in Korea, to supply camera systems and equipment for threeupcoming major Korean drama series, THE GREATEST DIVORCE, THE BEAUTY INSIDE and HUNDRED MILLION STARS FROM THE SKY and new Korean movie, GIRL COPS
- Frame Pictures continues to secure top qualityprojects, affirming its status and branding in Korea's camera equipment leasingmarket
SINGAPORE - Media OutReach - 17 August 2018 - SpackmanEntertainment Group Limited ("Spackman Entertainment Group" or the "Company"and together with its subsidiaries, the "Group"), one of Korea's leadingentertainment production groups founded by financier Charles Spackman, wishesto announce that its wholly-owned subsidiary, Frame Pictures Co., Ltd. ("Frame Pictures"), has won contracts tosupply camera systems and equipment for three upcoming major Korean dramaseries, THE GREATEST DIVORCE, THE BEAUTYINSIDE and 100 MILLION STARS FALLING FROMTHE SKY and the Korean film, GIRLCOPS.
The totalcontract value for the four camera equipment deals tentatively stands at KRW 573million (approximately US$515,700)subject to changes in final filming schedule.
Featuring rising star Wi Ha-jun of the Group'sassociated company, Spackman Media Group Limited ("SMGL") and directed by Jung Da-won, GIRL COPS is an upcoming Korean crimethriller movie to be released in 2019. The film depicts the story of a femalepolicer officer who teams up with her sister-in-law to solve a case of arevenge porn victim committing suicide. The film also headlines Ra Mi-ran of THE MAYOR (2017) and THE LAST PRINCESS (2016) and LeeSung-kyung of DOCTORS (2016).
Starring top Korean actress Bae Doona of SMGL, THEGREATEST DIVORCE is an upcoming romantic comedy drama,scheduled to air in October 2018 on KBS2. Directed by Yoo Hyun-ki, thefilm is a remake of a popular Japanese drama, MATRIMONIAL CHAOS, written by Sakamoto Yuji, who also wrote theoriginal drama of tvN's MOTHER.
THE BEAUTY INSIDE is a fantasy drama adaptationof the romance film of the same name, featuring LeeMin-ki of FOR THE EMPEROR (2014) andSeo Hyun-jin of TEMPERATURE OF LOVE(2017). The love story between a top actress, who changes her appearancewhenever a certain supernatural phenomenon occurs, and an airline executive isexpected to air in September 2018 on JTBC.
A drama remakeof the 2002 Japanese TV series SORA KARAFURU ICHIOKU NO HOSHI, HUNDRED MILLIONSTARS FROM THE SKY is set to be released inSeptember 2018 on tvN. Starring Seo In-guk of SHOPAHOLIC LOUIS (2016) and Jung So-min of BECAUSE THIS IS MY FIRST TIME (2017), the drama follows the storyof two people who cross each other's paths in their daily lives but have afateful meeting.
Mr. RichardLee, Interim Chief Executive Officer & Executive Director of SpackmanEntertainment Group, said, "Frame Pictures' capability to secure continuouspipeline of top quality projects underscores its reputation and branding inKorea's camera equipment leasing market. We believe that Frame Pictures is well-positionedto capture more of such projects ahead of its planned listing as a combinedstandalone entity with Novus Mediacorp."
About SpackmanEntertainment Group Limited
SpackmanEntertainment Group Limited ("SEGL"or the "Company"), and together withits subsidiaries, (the "Group"), oneof Korea's leading entertainment production groups founded by investmentveteran, Mr. Charles Spackman, is primarily engaged in the independentdevelopment, production, presentation, and financing of theatrical motionpictures in Korea. In order to diversify our revenue streams, inthe second half of 2018, we will to expand our business portfolio to includethe production of Korean television dramas. In addition to our contentbusiness, we also make investments into entertainment companies and film fundsthat can financially and strategically complement our existing core operations.SEGL is listed on the Catalist of the Singapore Exchange Securities TradingLimited under the ticker 40E.
SEGL'sZip Cinema Co., Ltd. ("Zip Cinema")is one of the most recognised film production labels in Korea and hasoriginated and produced some of Korea's most commercially successful theatricalfilms, consecutively producing 8 profitable movies since 2009 representing anindustry leading track record. Recent theatrical releases of Zip Cinema'smotion pictures include some of Korea's highest grossing and award-winningfilms such as MASTER (2016), THE PRIESTS (2015), COLD EYES (2013), and ALLABOUT MY WIFE (2012). For more information on Zip Cinema, do visit https://zipcine.com
SEGLalso owns Novus Mediacorp Co., Ltd. ("NovusMediacorp"), an investor, presenter, and/or ancillary distributor for atotal of 76 films (53 Korean and 23 foreign) including SECRETLY, GREATLY, which was one of the biggest box office hits of2013 starring Kim Soo-hyun of MY LOVEFROM THE STARS fame, as well as FRIEND2: THE GREAT LEGACY. In 2012, Novus Mediacorp was also the ancillarydistributor of ALL ABOUT MY WIFE, atop-grossing romantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by NovusMediacorp broke the all-time highest Video On Demand ("VOD") sales records in Korea. Novus Mediacorp is currently in theprocess of seeking a listing on the Singapore Stock Exchange. For moreinformation on Novus Mediacorp, do visit https://novusmediacorp.com
Ourfilms are theatrically distributed and released in Korea and overseas markets,as well as for subsequent post-theatrical worldwide release in other forms ofmedia, including cable TV, broadcast TV, IPTV, video-on-demand, and homevideo/DVD, etc. We release all of our motion pictures into wide-theatricalexhibition initially in Korea, and then in overseas and ancillary markets.
Wealso operate a café-lounge called Upper West, in the Gangnam district of Seouland own a professional photography studio, noon pictures Co., Ltd..
TheCompany holds an effective shareholding interest of 41.28% in Spackman MediaGroup Limited ("SMGL"). SMGL, acompany incorporated in Hong Kong, together with its subsidiaries, iscollectively one of the largest entertainment talent agencies in Korea in termsof the number of artists under management, including some of the top names inthe Korean entertainment industry. SMGL operates its talent management businessthrough renowned agencies such as MS Team Entertainment Co., Ltd., UAA & CoInc., Fiftyone K Inc., SBD Entertainment Inc., and Kook Entertainment Co., Ltd.Through these full-service talent agencies in Korea, SMGL represents and guidesthe professional careers of a leading roster of award-winning actors/actressesin the practice areas of motion pictures, television, commercial endorsements,and branded entertainment. SMGL leverages its unparalleled portfolio of artistsas a platform to develop, produce, finance and own the highest quality ofentertainment content projects, including theatrical motion pictures, varietyshows, and TV dramas. This platform also creates and derives opportunities forSMGL to make strategic investments in development stage businesses that cancollaborate with SMGL artists. SMGL is an associated company of the Company.
TheGroup owns a 100% equity interest in Frame Pictures Co., Ltd. ("Frame Pictures"). Frame Pictures is aleader in the movie/drama equipment leasing business in Korea. Established in2014, Frame Pictures has worked with over 25 top directors and provided thecamera and lighting equipment for some of Korea's most notable drama and movieprojects including the upcoming Korean film GIRLCOPS (2018) featuring rising star Wi Ha-jun of SMGL and THE GREATEST DIVORCE (2018) starringBae Doona of SMGL. In 2018, FramePictures has also won contracts to supply equipment to THE BEAUTY INSIDE (2018), HUNDRED MILLION STARS FROM THE SKY (2018), LOVELY HORRIBLY (2018), THE GUEST (2018),historical Korean movie MALMOI, SUITS (2018) featuring ParkHyung-sik of SMGL, MISTRESS (2018), LIFE (2018), LIVE (2018) starring Lee Kwang-soo of RUNNING MAN, MY MISTER (2018) and Netflix's first Korean original production LOVE ALARM (2018). Frame Pictures andNovus Mediacorp are currently seeking to list on the Singapore Stock Exchange.
TheCompany owns a 100% equity interest in Take Pictures Pte. Ltd. ("Take Pictures") which owns a stronglineup of 10 film projects including the co-production with Zip Cinema for THE PRIESTS 2.
The Company owns a 100% equityinterest in Constellation Agency Pte. Ltd. ("Constellation Agency"). Constellation Agency, which owns TheP Factory Co., Ltd. ("The P Factory")and Platform Media Group Co., Ltd. ("PMG"),is primarily involved in the business of overseas agency for Korean artistsventuring into the overseas market. The P Factory is an innovative marketingsolutions provider specializing in event and branded content production. PMG isa talent management agency which represents and manages the careers of majorartists in film, television, commercial endorsements, and brandedentertainment.
On 7May 2018, the Company announced that it would spin-off Novus Mediacorp andFrame Pictures into a combined entity to seek listing on the Catalist Board ofthe Singapore Exchange Securities Trading Limited to exploit thegrowing post-theatrical and camera equipment leasing markets.
For more details, do visit https://www.spackmanentertainmentgroup.com/
This press release has been prepared by the Company and its contentshave been reviewed by the Company's sponsor, RHT Capital Pte. Ltd. (the "Sponsor"), for compliance with theSingapore Exchange Securities Trading Limited (the "SGX-ST") Listing Manual Section B: Rules of Catalist. TheSponsor has not verified the contents of this press release.
This press release has not been examined or approved by the SGX-ST. TheSponsor and the SGX-ST assume no responsibility for the contents of this pressrelease including the accuracy, completeness or correctness of any of theinformation, statements or opinions made or reports contained in this pressrelease.
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