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Sabtu, 15 Desember 2018 06:12:00

Spackman Entertainment Group's Film, DEFAULT, Grosses Us$22.3 Million in Box Office Revenue, Crossing The 3 Million Ticket Sales Mark

Group's financial thriller, DEFAULT, maintained #1 position and surpassed the 3 million ticket sales mark since its first day of release on 28 November 2018
DEFAULT, which is anticipated to continue its run into the Christmas holiday peak, has accumulated gross box office revenue of US$22.3 million and total ticket admissions of 3,071,324 as of 13 December 2018
As the producer and one of the investors of DEFAULT, the Group expects the film to have a positive material impact to the Group's upcoming financial performance
 
SINGAPORE - RIAUONE.COM - 14 December 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 international investor 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 grossed US$22.3 million in box office revenue and has accumulated 3,071,324 admissions, crossing the 3 million ticket sales mark since its official wide release in Korea on 28 November 2018.
 
DEFAULT, the highest November opening in the history of the Korean box office, continued to uphold its #1 ranking at the Korea box office.
 
Based on the latest statistics from the Korean Film Council DEFAULT captured an average of 32% of the nation's market share of box office revenue and occupied an average of 1,046 screens daily as of 13 December 2018[1]. The financial thriller film is anticipated to continue its run for another three weeks leading to the Christmas holiday period.
 
In addition to being the producer of DEFAULT, the Group invested 10% of the film's total production budget. The estimated total production budget for DEFAULT, including prints and advertising costs, is approximately KRW 9.7 billion (or USD 8.6 million).
 
The film is expected to contribute positively to the Group's upcoming financial performance.
 
The latest daily statistics from the Korean Film Council on the performance of DEFAULT are updated on the Group's website at http://www.spackmanentertainment.com.
 
DEFAULT was screened at the 3rd Macau International Film Festival, garnering recognition from overseas audience. Directed by Choi Kook-hee, the film was also previously screened at the 71st Cannes International Film Festival in May 2018.  The film 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.
 
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.
 
Headlined by Korean superstar Yoo Ah-in of UAA & Co Inc., a subsidary of the Group's associated company, Spackman Media Group Limited, 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.
 
The film also stars veteran actress Kim Hye-soo, Heo Jun-ho, Jo Woo-jin and French actor Vincent Cassel.
 
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.
 
For more information on DEFAULT and its English trailer, visit the Group's website at http://www.spackmanentertainmentgroup.com/default-1.html. 
 
Recent media coverage on DEFAULT can also be found at http://www.spackmanentertainmentgroup.com/news.html. (roc/red/*) #for information on collaboration publications, questions and other e-mails riauonemedia@gmail.com

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