• JESTERS: THE GAME CHANGERS was released on 804 screens andgrossed US$591,383 in box revenue on the first day of its wide release
• Directed by award-winningdirector, Kim Joo-ho, the historical comedy film stars Cho Jin-woong of INTIMATESTRANGERS (2018) & THE SPY GONE NORTH (2018) and Son Hyun-joo ofORDINARY PERSON (2017)
• Starting with JESTERS:THE GAME CHANGERS, Simplex Films is set to add ahealthy pipeline of quality films to the Group's movie production business

SINGAPORE - Media OutReach - 22 August 2019 - 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 media investor Charles Spackman,wishes to announce that the Group's upcoming film, JESTERS: THE GAME CHANGERS,produced by the Company's wholly-owned subsidiary, Simplex Films Limited ("SimplexFilms"), opened #3 at the Korean box office on the first day of its widerelease on 21 August 2019.

 

Accordingto the latest statistics from the Korean Film Council, JESTERS: THE GAME CHANGERSrecorded total ticket admissions of 87,124 with gross box office revenue of US$591,383on its opening day, 21 August 2019. The film was released on 804 screens andcaptured 18% of the nationwide box office market share for that day.

 

JESTERS:THE GAME CHANGERS, is a historical comedy film, starring ChoJin-woong of INTIMATE STRANGERS (2018) & THE SPY GONE NORTH(2018) and Son Hyun-joo of ORDINARY PERSON (2017). The movie revolvesaround the story of a 'gang of clowns' that manipulates rumours throughout thecountry and stirs the public. The 'gang of clowns' is discovered by HanMyung-hoe (played by Son Hyun-joo), the most powerful man in Joseon, andcreates legendary stories about King Sejo (played by Park Hee-soon).

 

Distributedby Warner Bros. Korea, the total estimated production budget (including printsand advertising costs) for JESTERS: THE GAME CHANGERS isKRW13.5 billion (or US$11.5 million).

 

TheGroup believes that starting with JESTERS: THE GAME CHANGERS, Simplex Filmsis on track to continue adding quality films to the Group's movie productionbusiness.

 

Thelatest daily statistics from the Korean Film Council (https://www.koreanfilm.or.kr/eng/news/boxOffice_Daily.jsp?mode=BOXOFFICE_DAILY)on the performance of JESTERS: THE GAME CHANGERS are updated on theGroup's website at https://www.spackmanentertainment.com.

About Spackman Entertainment Group Limited

Spackman Entertainment GroupLimited ("SEGL" or the "Company"), and together with itssubsidiaries, (the "Group"), one ofKorea's leading entertainment production groups founded by investment veteran,Mr. Charles Spackman, is primarily engaged in the independent development,production, presentation, and financing of theatrical motion pictures in Korea.In order to diversify our revenue streams, we have expanded our businessportfolio to include the production of Korean television dramas. In addition toour content business, we also make investments into entertainment companies andfilm funds that can financially and strategically complement our existing coreoperations. SEGL is listed on the Catalist of the Singapore Exchange SecuritiesTrading Limited under the ticker 40E.

 

SEGL's Zip Cinema Co., Ltd. ("Zip Cinema") is one of the mostrecognised film production labels in Korea and has originated and produced someof Korea's most commercially successful theatrical films, consecutivelyproducing 9 profitable movies since 2009 representing an industry leading trackrecord. Recent theatrical releases of Zip Cinema's motion pictures include someof Korea's highest grossing and award-winning films such as DEFAULT (2018), MASTER (2016), THE PRIESTS(2015), COLD EYES (2013), and ALL ABOUT MY WIFE (2012). For moreinformation on Zip Cinema, do visit https://zipcine.com  

 

SEGL also owns Novus MediacorpCo., Ltd. ("Novus Mediacorp"), aninvestor, presenter, and/or post-theatrical distributor for a total of 79 films(58 Korean and 21 foreign) including ROSEOF BETRAYAL, THE OUTLAWS and SECRETLY, GREATLY, which was one of thebiggest box office hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS fame, as well as FRIEND 2: THE GREAT LEGACY. In 2012, Novus Mediacorp was also thepost-theatrical rights distributor of ALLABOUT MY WIFE, a top-grossing romantic comedy produced by Zip Cinema. In2018, THE OUTLAWS, co-presented byNovus Mediacorp broke the all-time highest Video On Demand ("VOD") sales records in Korea. For moreinformation on Novus Mediacorp, do visit https://novusmediacorp.com 

 

Our films are theatricallydistributed and released in Korea and overseas markets, as well as forsubsequent post-theatrical worldwide release in other forms of media, includingcable TV, broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. Werelease all of our motion pictures into wide-theatrical exhibition initially inKorea, and then in overseas and ancillary markets.

 

We also operate a café-loungecalled Upper West, in the Gangnam district of Seoul and own a professionalphotography studio, noon pictures Co., Ltd..

 

The Company holds an effectiveshareholding interest of 43.88% in Spackman Media Group Limited ("SMGL"). SMGL, a company incorporated inHong Kong, together with its subsidiaries, is collectively one of the largestentertainment talent agencies in Korea in terms of the number of artists undermanagement, including some of the top names in the Korean entertainmentindustry. SMGL operates its talent management business through renownedagencies such as MS Team Entertainment Co., Ltd., UAA & Co Inc., Fiftyone KInc., SBD Entertainment Inc., and Kook Entertainment Co., Ltd. Through thesefull-service talent agencies in Korea, SMGL represents and guides theprofessional careers of a leading roster of award-winning actors/actresses inthe practice areas of motion pictures, television, commercial endorsements, andbranded entertainment. SMGL leverages its unparalleled portfolio of artists asa 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 a leader in the movie/dramaequipment leasing business in Korea. Established in 2014, Frame Pictures hasworked with over 25 top directors and provided the camera and lightingequipment for some of Korea's most notable drama and movie projects including the upcoming Korean film GIRL COPS (2018) featuring rising star Wi Ha-jun of SMGL and THE GREATEST DIVORCE (2018) starring BaeDoona of SMGL. In 2018, FramePictures has also won contracts to supply equipment to FOUR MEN (2019), ASADALCHRONICLES (2019), THE CROWNED CLOWN (2019), THE BEAUTY INSIDE (2018), HUNDRED MILLION STARS FROM THE SKY (2018), LOVELY HORRIBLY (2018), THEGUEST (2018), historical Korean movie MALMOI, SUITS (2018)featuring Park Hyung-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).

 

TheCompany owns a 100% equity interest Take Pictures Pte. Ltd. ("Take Pictures") which has an upcoming film STONE SKIPPING and a line-up of other films such as theco-production with Zip Cinema for THEPRIESTS 2.

 

TheCompany owns a 100% equity interest in Constellation Agency Pte. Ltd. ("Constellation Agency"). Constellation Agency, which owns The PFactory 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.

 

The Company owns a100% equity interest in Greenlight Content Limited which is mainly involved in the business ofinvesting into dramas and movies, as well as providing consulting services forthe production of Korean content.

 

The Company owns a 100% equityinterest in Simplex Films Limited ("Simplex Films") which is an earlystage film production firm. Simplex Films has severalfilms in the pipeline including, A BOLT FROM THE BLUE, IRREVOCABLEPROMISE and OUR SUPERSTAR K.

 

For more details, do visit https://www.spackmanentertainmentgroup.com/