{"id":19274,"date":"2021-12-06T03:10:00","date_gmt":"2021-12-06T03:10:00","guid":{"rendered":"https:\/\/eodishasamachar.com\/en\/2021\/12\/06\/spackman-entertainment-group-successfully-completes-the-disposal-of-zip-cinema-co-ltd-for-s19-8-million\/"},"modified":"2021-12-06T03:10:00","modified_gmt":"2021-12-06T03:10:00","slug":"spackman-entertainment-group-successfully-completes-the-disposal-of-zip-cinema-co-ltd-for-s19-8-million","status":"publish","type":"post","link":"https:\/\/eodishasamachar.com\/en\/2021\/12\/06\/spackman-entertainment-group-successfully-completes-the-disposal-of-zip-cinema-co-ltd-for-s19-8-million\/","title":{"rendered":"Spackman Entertainment Group Successfully Completes the Disposal of Zip Cinema Co., Ltd. for S$19.8 Million"},"content":{"rendered":"<p> \n<\/p>\n<div>\n<p>Spackman Entertainment Group<br \/>\nLimited (&#8220;<b>SEGL<\/b>&#8221; or the &#8220;<b>Company<\/b>&#8220;), and together with its<br \/>\nsubsidiaries, (the &#8220;<b>Group<\/b>&#8220;), founded<br \/>\nin 2011 by Charles Spackman, is one of Korea&#8217;s leading entertainment production<br \/>\ngroups. SEGL is primarily engaged in the independent development, production,<br \/>\npresentation, and financing of theatrical motion pictures in Korea. According<br \/>\nto Variety, Korea was the world&#8217;s fourth largest box office market in 2019,<br \/>\nbehind only North America, China and Japan.<\/p>\n<p>The<br \/>\nGroup also invests into and produces Korean television dramas. In addition to<br \/>\nour content business, we also own equity stakes in entertainment-related<br \/>\ncompanies and film funds that can financially and strategically complement our<br \/>\nexisting core operations. SEGL is listed on the Catalist of the Singapore<br \/>\nExchange Securities Trading Limited under the ticker 40E. <\/p>\n<p><i>Production Labels<\/i><\/p>\n<p>\u00a0<\/p>\n<p>SEGL owns Novus Mediacorp Co.,<br \/>\nLtd. (&#8220;<b>Novus Mediacorp<\/b>&#8220;), an<br \/>\ninvestor, presenter, and\/or post-theatrical distributor for a total of 79 films<br \/>\n(58 Korean and 21 foreign) including <i>ROSE<br \/>\nOF BETRAYAL<\/i>, <i>THE OUTLAWS<\/i> and <i>SECRETLY, GREATLY<\/i>, which was one of the<br \/>\nbiggest box office hits of 2013 starring Kim Soo-hyun of <i>MY LOVE FROM THE STARS<\/i>, as well as <i>FRIEND 2: THE GREAT LEGACY<\/i>. In 2012, Novus Mediacorp was also the<br \/>\npost-theatrical rights distributor of <i>ALL<br \/>\nABOUT MY WIFE<\/i>, a top-grossing romantic comedy produced by Zip Cinema. In<br \/>\n2018, <i>THE OUTLAWS<\/i>, co-presented by<br \/>\nNovus Mediacorp broke the all-time highest Video On Demand (&#8220;<b>VOD<\/b>&#8220;) sales records in Korea. For more<br \/>\ninformation on Novus Mediacorp, do visit\u00a0<br \/>\n<a href=\"http:\/\/novusmediacorp.com\"><img style=\"margin-right: 7px;vertical-align: middle;display: inline-block !important;width: 24px;\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/generic_link.png\"\/>http:\/\/novusmediacorp.com<\/a>. \u00a0 <\/p>\n<p>The Company owns a 100% equity<br \/>\ninterest in Simplex Films Limited (&#8220;<b>Simplex Films<\/b>&#8220;) which is an early<br \/>\nstage film production firm. The maiden film of Simplex Films, <i>JESTERS: THE<br \/>\nGAME CHANGERS<\/i> (2019), was released in Korea on 21 August 2019. Simplex<br \/>\nFilms has several line-up of films including <a name=\"_Hlk523178129\"><i>HURRICANE<br \/>\nBROTHERS<\/i> (working title).<\/a><\/p>\n<p>The<br \/>\nCompany owns a 100% equity interest in Take Pictures Pte. Ltd. (&#8220;<b>Take Pictures<\/b>&#8220;) which produced <i>STONE<br \/>\nSKIPPING <\/i>(2020)<i> <\/i>and <i>THE<br \/>\nBOX <\/i>(2021), and shall release<i> GUARDIAN <\/i>(working title) in 2021<br \/>\ntentatively.<\/p>\n<p>The Company owns a 100% equity interest in<br \/>\nGreenlight Content Limited (&#8220;<b>Greenlight<br \/>\nContent<\/b>&#8220;) which is mainly<br \/>\ninvolved in the business of investing into dramas and movies, as well as<br \/>\nproviding consulting services for the production of Korean content. Through the<br \/>\nacquisition of Greenlight Content, the Group&#8217;s first co-produced drama,<i> MY<br \/>\nSECRET TERRIUS<\/i>, starring top Korean star, So Ji Sub, achieved #1 in drama viewership ratings for<br \/>\nits time slot and recorded double digits for its highest viewership<br \/>\nratings. Greenlight Content was one of the main investors of <i>MY SECRET<br \/>\nTERRIUS.<\/i><\/p>\n<p>The Company owns a 20% equity<br \/>\ninterest in The Makers Studio Co. Ltd., which plans to produce and release four<br \/>\nupcoming films, the first of which will be <i>THE ISLAND OF THE GHOST&#8217;S WAIL<\/i>,<br \/>\na comedy horror film. <\/p>\n<p>Our films are theatrically<br \/>\ndistributed and released in Korea and overseas markets, as well as for<br \/>\nsubsequent post-theatrical worldwide release in other forms of media, including<br \/>\nonline streaming, cable TV, broadcast TV, IPTV, video-on-demand, and home video\/DVD,<br \/>\netc. We release all of our motion pictures into wide-theatrical exhibition<br \/>\ninitially in Korea, and then in overseas and ancillary markets. <\/p>\n<p>\u00a0<\/p>\n<p><a name=\"_Hlk523177907\"\/><a name=\"_Hlk523178158\"><i>Talent Representation<\/i><\/a><\/p>\n<p>\u00a0<\/p>\n<p>The Company holds an effective<br \/>\nshareholding interest of 43.88% in Spackman Media Group Limited (&#8220;<b>SMGL<\/b>&#8220;). SMGL, a company incorporated in<br \/>\nHong Kong, together with its subsidiaries, is collectively one of the largest<br \/>\nentertainment talent agencies in Korea in terms of the number of artists under<br \/>\nmanagement, including some of the top names in the Korean entertainment<br \/>\nindustry. SMGL operates its talent management business through renowned<br \/>\nagencies such as MSteam Entertainment Co., Ltd. (Son Ye-jin, Lee Min-jung, Ko<br \/>\nSung-hee), UAA&amp;CO Inc. (Song Hye-kyo, Yoo Ah-in, Park Hyung-sik), Fiftyone K<br \/>\nInc. (So Ji Sub, Ok Taec-yeon), SBD Entertainment Inc. (Son Suk-ku), and Kook<br \/>\nEntertainment Co., Ltd. Through these full-service talent agencies in Korea,<br \/>\nSMGL represents and guides the professional careers of a leading roster of<br \/>\naward-winning actors\/actresses in the practice areas of motion pictures,<br \/>\ntelevision, commercial endorsements, and branded entertainment. SMGL leverages<br \/>\nits unparalleled portfolio of artists as a platform to develop, produce,<br \/>\nfinance and own the highest quality of entertainment content projects,<br \/>\nincluding theatrical motion pictures, variety shows and TV dramas. This<br \/>\nplatform also creates and derives opportunities for SMGL to make strategic<br \/>\ninvestments in development stage businesses that can collaborate with SMGL<br \/>\nartists. SMGL is an associated company of the Company. <\/p>\n<p>The Company owns a 100% equity<br \/>\ninterest in Constellation Agency Pte. Ltd. (&#8220;<b>Constellation Agency<\/b>&#8220;). Constellation<br \/>\nAgency, which owns The P Factory Co., Ltd. (&#8220;<b>The P Factory<\/b>&#8220;) and Platform Media Group Co., Ltd. (&#8220;<b>PMG<\/b>&#8220;), is primarily involved in the<br \/>\nbusiness of overseas agency for Korean artists venturing into the overseas<br \/>\nmarket. The P Factory is an innovative marketing solutions provider<br \/>\nspecializing in event and branded content production. PMG is a talent management<br \/>\nagency which represents and manages the careers of major artists in film,<br \/>\ntelevision, commercial endorsements and branded entertainment. <\/p>\n<p>\u00a0<\/p>\n<p><i>Strategic Businesses<\/i><\/p>\n<p>\u00a0<\/p>\n<p>The Company owns a 100% equity interest in Frame<br \/>\nPictures Co., Ltd. (&#8220;<b>Frame Pictures<\/b>&#8220;). Frame Pictures is a leader in the<br \/>\nmovie\/drama equipment leasing business in Korea. Established in 2014, Frame<br \/>\nPictures has worked with over 25 top <\/p>\n<p>directors and provided the camera and lighting<br \/>\nequipment some of Korea&#8217;s most notable drama and movie projects including <i>ITAEWON<br \/>\nCLASS <\/i>(2020), <i>HOW TO BUY A FRIEND <\/i>(2020), <i>KIM JI-YOUNG, BORN 1982<br \/>\n<\/i>(2019), <i>FOUR MEN <\/i>(2019) and <i>ASADAL CHRONICLES <\/i>(2019). <\/p>\n<p>\u00a0<\/p>\n<p>We also operate a caf\u00e9-lounge<br \/>\ncalled Upper West, in the Gangnam district of Seoul and own a professional<br \/>\nphotography studio, noon pictures Co., Ltd. <\/p>\n<p>\u00a0<\/p>\n<p>For more details, do visit <a href=\"http:\/\/www.spackmanentertainmentgroup.com\/\"><img style=\"margin-right: 7px;vertical-align: middle;display: inline-block !important;width: 24px;\" src=\"https:\/\/release.media-outreach.com\/Release\/templates\/images\/socialMedia\/generic_link.png\"\/>http:\/\/www.spackmanentertainmentgroup.com\/<\/a><\/p>\n<p>#SpackmanEntertainmentGroup<\/p>\n<\/p><\/div>\n\n<br \/><a href=\"https:\/\/www.media-outreach.com\/news\/2021-12-06\/109028\/spackman-entertainment-group-successfully-completes-the-disposal-of-zip-cinema-co-ltd-for-s19-8-million\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spackman Entertainment Group Limited (&#8220;SEGL&#8221; or the &#8220;Company&#8220;), and together with its subsidiaries, (the &#8220;Group&#8220;), founded in 2011 by Charles Spackman, is one of Korea&#8217;s leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. According to Variety, Korea was the world&#8217;s fourth &hellip;<\/p>\n","protected":false},"author":1,"featured_media":19169,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19274"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=19274"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/19274\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media\/19169"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=19274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=19274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=19274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}