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• Spackman Entertainment Groups Film, DEFAULT, Surpasses 1.5 Million Tickets Within Four Days And Secures Over 40% Of The Market Share, Recording The Highest November Opening In The Korean Box Office History

Senin, 03 Desember 2018 07:41:00

Spackman Entertainment Groups Film, DEFAULT, Surpasses 1.5 Million Tickets Within Four Days And Secures Over 40% Of The Market Share, Recording The Highest November Opening In The Korean Box Office History

Spackman Entertainment Group's Film, DEFAULT, Surpasses 1.5 Million Tickets Within Four Days And Secures Over 40% Of The Market Share, Recording The Highest November Opening In The Korean Box Office History

DEFAULT, the best November release in the history of the Korean box office, overtook previous top November titles INSIDE MEN(2015) and INTERSTELLAR(2014)

Film exceeded 1.5 million tickets within four days and grossed US$11.4 million in box office revenue since the first day of its wide release

Other than being the producer of DEFAULT, the Group is also one of the investors of the film, which is headlined by Yoo Ah-in of Spackman Media Group

SINGAPORE - RIAUONE.COM - 3 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"), crossed more than 1.5 million tickets within four days after its first day of its wide release in Korea on 28 November 2018. The film secured its highest market share of 43.0% as of yesterday, the first Sunday since its opening day.

DEFAULT attained the highest November opening in the history of the Korean box office, surpassing previous top November titles INSIDE MEN (2015) and INTERSTELLAR (2014). INSIDE MEN (2015), which stars Lee Byung-hun, posted 230,949 tickets on its opening day and ultimately grossed US$50.4 million in box office revenue with total ticket admissions of more than 7 million. INTERSTELLAR (2014), the top 4 foreign films of all time in the history of the Korean box office, recorded 227,025 tickets on its opening day and eventually grossed US$73.7 million in box office revenue with total ticket admissions of more than 10 million.

DEFAULT has continued to rank #1 at the Korean box office, securing more than 40% of the nationwide market share of box office revenue for its first opening weekend.

DEFAULT also received a 95% approval rating as of 2 December 2018, based on the CGV Golden Egg Score which measures the actual audience response on the film. As the top November release in the history of the Korean box office, DEFAULT's opening day performance of achieving more than 300,000 ticket admissions validated the film's popularity and relevance amongst the general public.

Based on the latest statistics from the Korean Film Council, DEFAULT achieved solid weekend box office figures, recording 426,925 tickets for its first Saturday and 399,258 tickets for its first Sunday. Total ticket admissions stood at 1,570,673 with gross box office revenue of US$11.4 million as of 2 December 2018. The film, which was released on an average of 1,155 screens since its first day of its wide release, captured more than 40% of the nationwide market share of box office revenue for its first opening weekend.

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 latest daily statistics from the Korean Film Council on the performance of DEFAULTare updated on the Group's website at http://www.spackmanentertainment.com.

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.

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.

Directed by Choi Kook-hee, DEFAULT was previously screened at the 71 st Cannes International Film Festival in May 2018. (roc/red/*) #for information on collaboration publications, questions and other e-mails riauonemedia@gmail.com

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