- CRAZY ROMANCE, a romantic comedy film produced by the Group's indirectwholly-owned subsidiary, Zip Cinema, opened at the Korean box office on thefirst day of its wide release with total ticket admissions of 154,033
- Released on 1,006 screens, CRAZYROMANCE grossed US$1.0 million in box office revenue, representing a marketshare of 22.7%, on the first day of its wide release in Korea
- The film, which stars well-known actor, Kim Rae-won of DOCTORS(2016), and popular actress, Gong Hyo-jin of DON'T DARE TO DREAM (2016),is presented and distributed by Next Entertainment World
SINGAPORE - MediaOutReach - 3 October 2019 - Spackman Entertainment GroupLimited ("Spackman Entertainment Group" or the "Company" andtogether with its subsidiaries, the "Group"), wishes to announce that theGroup's new film, CRAZY ROMANCE, a romantic comedy film produced by theGroup's indirect wholly-owned subsidiary, Zip Cinema Co., Ltd. ("Zip Cinema"),opened #2 at the Korean box office, after the US film JOKER, on thefirst day of its wide release on 2 October 2019.
According to the lateststatistics from the Korean Film Council, CRAZY ROMANCE recorded totalticket admissions of 154,033 with gross box office revenue of US$1.0 million asof 2 October 2019. The film, which was released on 1,006 screens, captured 22.7%of the nation's market share of the box office revenue for that day.
The latest daily statistics fromthe Korean Film Council (https://www.koreanfilm.or.kr/eng/news/boxOffice_Daily.jsp?mode=BOXOFFICE_DAILY) on the performance of CRAZYROMANCE shall be updated on the Group's website at https://www.spackmanentertainment.com.
CRAZY ROMANCE relates the story of a man whois still in love with his ex-girlfriend and the ex-girlfriend who is currentlyis in the middle of a rough parting with her current boyfriend. The three ofthem are wounded by love.
Headlined by veteran actor, KimRae-won of DOCTORS (2016), and popular actress, Gong Hyo-jin of DON'TDARE TO DREAM (2016), CRAZY ROMANCE is the first commercial film ofKim Han-gyeol and marks 16 years since Kim Rae-won and Gong Hyo-jin last collaboratedin the classic Korean drama SNOWMAN.
Directed by independent filmdirector Kim Han-gyeol, the romantic comedy film is presented and distributedby Next Entertainment World Co., Ltd.
The estimated total productionbudget (including prints and advertising costs) for CRAZY ROMANCE istentatively set at approximately KRW6.7 billion (or US$6.0million).
The official English trailer,posters and photo stills for CRAZY ROMANCE can be viewed at https://www.spackmanentertainmentgroup.com/crazy-romance.html.
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-lounge calledUpper West, in the Gangnam district of Seoul and own a professional photographystudio, 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/drama equipmentleasing business in Korea. Established in 2014, Frame Pictures has worked withover 25 top directors and provided the camera and lighting equipment for someof Korea's most notable drama and movie projects includingthe upcoming Korean film GIRL COPS(2018) featuring Wi Ha-jun of SMGL and THEGREATEST DIVORCE (2018) starring Bae Doona of SMGL. In 2018, Frame Pictures has also won contracts to supplyequipment to FOUR MEN (2019), ASADAL CHRONICLES (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 the co-productionwith Zip Cinema for THE PRIESTS 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 of investinginto dramas and movies, as well as providing consulting services for theproduction 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/