News

Spackman Entertainment Group’s Upcoming Film, Default, Starring Yoo Ah-in of Spackman Media Group, Presold to 17 Countries

  • Group's financial thriller film, DEFAULT, has been presold to 17 countries including Canada, Italy,
    Japan, China (Hong Kong & Macau), Taiwan, Singapore, Indonesia, Malaysia,
    Brunei, the Philippines and the United States
  • Headlined by Yoo Ah-in of Spackman Media Group, Kim Hye-soo,
    Heo Jun-ho, Jo Woo-jin and French actor Vincent Cassel, DEFAULT is expected to screen in Korea on 28 November 2018
  • The film is scheduled to be released in Singapore in
    mid-December 2018

 

SINGAPORE
Media OutReach - 20 November 2018 -- Spackman Entertainment Group Limited
("
Spackman
Entertainment Group
"
or the "
Company" and together with its subsidiaries,
the "
Group"), one of Korea's leading
entertainment production groups founded by financier Charles Spackman, wishes
to announce that the Group's upcoming film,
DEFAULT,
produced by the Company's indirect wholly-owned subsidiary, Zip Cinema Co.,
Ltd. ("
Zip Cinema"), has been presold to 17 countries in
advance of its expected release in Korea.
DEFAULT, a financial thriller film, is set to
screen at the Korean box office on 28 November 2018.



 

The theatrical distribution rights of DEFAULT have been bought by film distribution firms for release in
Canada, Italy, Japan, China (Hong Kong & Macau), Taiwan, Singapore,
Indonesia, Malaysia, Brunei, the Philippines and the United States, amongst
other countries.


The film is slated to debut on 29
November 2018 at CGV Cinemas LA and Buena Park, in cities across the United
States on 30 November 2018, and in Canada on 7 December 2018. Screenings in
Singapore, Taiwan and Indonesia are scheduled in mid-December 2018, Hong Kong
and Macau in January 2019, and Japan in the second half of 2019.


CJ Entertainment is the overseas
distributor of
DEFAULT. Clover Films Pte. Ltd., a
Singapore-based film distributor, purchased the theatrical distribution rights
in Hong Kong, Macau, Singapore and Taiwan.


Starring Korean superstar Yoo Ah-in of
the Group's associated company, Spackman Media Group Limited, veteran actress
Kim Hye-soo, Heo Jun-ho, Jo Woo-jin and French actor Vincent Cassel,
DEFAULT depicts the behind-the-scenes story of the tumultuous week
leading up to the rescue package agreed upon between the International Monetary
Fund ("
IMF") and the Republic of Korea to prevent
bankruptcy during the 1997 Asian Financial Crisis.


In DEFAULT,
Yoo Ah-in plays a mega investor betting against the country's fortunes. Kim
Hye-Soo acts as the leader of the monetary policy team at the Bank of Korea,
and French actor Vincent Cassel takes on the role of the managing director of IMF.
The film marks the first South Korean project of Vincent Cassel, who starred in
French independent films
LA
HAINE
and L'APPARTMENT, as well as Hollywood movies OCEAN'S TWELVE, OCEAN'S
THIRTEEN
and BLACK SWAN.


Directed by Choi Kook-hee, DEFAULT was previously screened at the 71st Cannes
International Film Festival in May 2018.


The estimated total production budget,
including prints and advertising costs, for
DEFAULT is
approximately KRW 9.7 billion (or USD 8.6 million).


For more information on DEFAULT and its English trailer, visit the Group's website at http://www.spackmanentertainmentgroup.com/default-1.html.


About Spackman Entertainment Group
Limited

Spackman Entertainment Group Limited ("SEGL" or the "Company"), and together with its subsidiaries,
(the "
Group"), one of Korea'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, in the second half of 2018, we will to expand
our business portfolio to include the production of Korean television dramas.
In addition to our content business, we also make investments into
entertainment companies and film funds that can financially and strategically
complement our existing core operations. SEGL is listed on the Catalist of the
Singapore Exchange Securities Trading Limited under the ticker 40E.


SEGL's Zip Cinema Co., Ltd. ("Zip Cinema") is one of the most recognised film
production labels in Korea and has originated and produced some of Korea's most
commercially successful theatrical films, consecutively producing 8 profitable
movies since 2009 representing an industry leading track record. Recent
theatrical releases of Zip Cinema's motion pictures include some of Korea's
highest grossing and award- winning films such as
MASTER (2016), THE
PRIESTS
(2015), COLD EYES (2013), and ALL ABOUT MY WIFE (2012). For more information on Zip
Cinema, do visit http://zipcine.com


SEGL also owns Novus Mediacorp Co.,
Ltd. ("
Novus Mediacorp"), an investor, presenter, and/or
ancillary distributor for a total of 76 films (53 Korean and 23 foreign)
including
ROSE OF BETRAYAL, THE
OUTLAWS
and SECRETLY, GREATLY, which was one of the biggest 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 the post-theatrical rights distributor of
ALL ABOUT MY WIFE, a top-grossing romantic comedy
produced by Zip Cinema. In 2018,
THE
OUTLAWS
, co-presented by
Novus Mediacorp broke the all-time highest Video On Demand ("
VOD") sales records in Korea. Novus Mediacorp is currently in
the process of seeking a listing on the Singapore Stock Exchange. For more
information on Novus Mediacorp, do visit http://novusmediacorp.com


Our films are theatrically distributed
and released in Korea and overseas markets, as well as for subsequent
post-theatrical worldwide release in other forms of media, including cable TV,
broadcast TV, IPTV, video-on-demand, and home video/DVD, etc. We release all of
our motion pictures into wide-theatrical exhibition initially in Korea, and
then in overseas and ancillary markets.


We also operate a cafe?-lounge called
Upper West, in the Gangnam district of Seoul and own a professional photography
studio, noon pictures Co., Ltd..


The Company holds an effective
shareholding interest of 43.88% in Spackman Media Group Limited ("
SMGL"). SMGL, a company incorporated in Hong Kong, together with
its subsidiaries, is collectively one of the largest entertainment talent
agencies in Korea in terms of the number of artists under management, including
some of the top names in the Korean entertainment industry. SMGL operates its
talent management business through renowned agencies such as MS Team
Entertainment Co., Ltd., UAA & Co Inc., Fiftyone K Inc., SBD Entertainment
Inc., and Kook Entertainment Co., Ltd. Through these full-service talent agencies
in Korea, SMGL represents and guides the professional careers of a leading
roster of award-winning actors/actresses in the practice areas of motion
pictures, television, commercial endorsements, and branded entertainment. SMGL
leverages its unparalleled portfolio of artists as a platform to develop,
produce, finance and own the highest quality of entertainment content projects,
including theatrical motion pictures, variety shows, and TV dramas. This
platform also creates and derives opportunities for SMGL to make strategic
investments in development stage businesses that can collaborate with SMGL
artists. SMGL is an associated company of the Company.


The Group owns a 100% equity interest
in Frame Pictures Co., Ltd. ("
Frame
Pictures
"). Frame Pictures is
a leader in the movie/drama equipment leasing business in Korea. Established in
2014, Frame Pictures has worked with over 25 top directors and provided the
camera and lighting equipment 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 Bae Doona of SMGL
.
In 2018, Frame
Pictures 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 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). Frame
Pictures and Novus Mediacorp are currently seeking to list on the Singapore
Stock Exchange.


The Company owns a 100% equity interest
in Take Pictures Pte. Ltd. ("
Take
Pictures
") which owns a
strong lineup of 10 film projects including
STONE SKIPPING and
the co-production with Zip Cinema for
THE
PRIESTS 2.

 

The Company owns a 100% equity interest
in Constellation Agency Pte. Ltd. ("
Constellation
Agency
"). Constellation
Agency, which owns The P Factory Co., Ltd. ("
The P Factory")
and Platform Media Group Co., Ltd. ("
PMG"), is primarily involved in the business
of overseas agency for Korean artists venturing into the overseas market. The P
Factory is an innovative marketing solutions provider specializing in event and
branded content production. PMG is a talent management agency which represents
and manages the careers of major artists in film, television, commercial
endorsements, and branded entertainment.


The Company owns a 100% equity interest
in Greenlight Content Limited which is mainly involved in the business of
investing into dramas and movies, as well as providing consulting services for
the production of Korean content.


On 7 May 2018, the Company announced
that it would spin-off Novus Mediacorp and Frame Pictures into a combined
entity to seek listing on the Catalist Board of the Singapore Exchange
Securities Trading Limited to exploit the growing post-theatrical and camera
equipment leasing markets. For more details, do visit http://www.spackmanentertainmentgroup.com/


This press release
has been prepared by the Company and its contents have been reviewed by the
Company's sponsor, RHT Capital Pte. Ltd. (the "
Sponsor"), for compliance with the
Singapore Exchange Securities Trading Limited (the "
SGX-ST") Listing
Manual Section B: Rules of Catalist. The Sponsor has not verified the contents
of this press release.


This press release
has not been examined or approved by the SGX-ST. The Sponsor and the SGX-ST
assume no responsibility for the contents of this press release including the
accuracy, completeness or correctness of any of the information, statements or
opinions made or reports contained in this press release.


The contact person
for the Sponsor is:-

Name: Mr Mah How
Soon, Registered Professional, RHT Capital Pte. Ltd. Address: 9 Raffles Place
#29-01, Republic Plaza Tower 1, Singapore 048619 Tel: 6381 6757 

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