Korea Box Office: ‘John Wick 4’ Shoots to Weekend Top Spot

Patrick Frater Asia Bureau Chief Hybe Corp., the structure behind K-pop icons BTS, enjoyed strong financial performance during the first three months of the year. The results were achieved despite BTS’s effective hiatus and quarter of corporate skirmishing in the Korean music sector. The company Tuesday reported revenues of KRW411 billion in the three months to end of March and operating profit of KRW52.5 billion, increases of 42$ and 44%, respectively. Adjusted earnings before interest taxation, depreciation and amortization were up 12% at KRW71.9 billion. Hybe did not confirm financial media calculations that it would net an investment profit of some $87 million on the sale of shares in SM Entertainment, which it bid to control but lost to Kakao.

Patrick Frater Asia Bureau Chief Malaysian social drama “Abang Adik” was named best film and winner of the Golden Mulberry prize on Sunday at the Far East Film Festival in Italy’s Udine. The film is a story of two undocumented and orphaned men, who may or may not be real brothers, but who lift each other up. The film’s director Jin Ong collected the White Mulberry prize for best debut feature and “Abang Adik” added a third prize decided by the festival’s season pass holders. Second place on the podium went to South Korea with Chang Hang-jun’s “Rebound,” while third place went to “Yudo,” by Japan’s Suzuki Masayuki. 

Patrick Frater Asia Bureau Chief “The Super Mario Bros Movie” and a local sports movie “Dream” gave the South Korean box office some bounce on their first weekend on release. Opening in Korea on Wednesday, some three weeks after the beginning of its international and North American campaigns, “Super Mario” earned $4.67 million between Friday and Sunday, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic). The film has a cumulative of $5.76 million over its opening five days, plus previews. The film’s weekend numbers are the second highest opening tally recorded by any film this year in Korea. And its weekend score represented a comfortable 40% market share.

Patrick Frater Asia Bureau Chief The Cannes Market has hitched up with the Ties That Bind and Focus Asia organizations to launch Spotlight Asia, a new industry support structure. Debuting during this year’s Cannes film festival, the program aims to foster greater film collaboration between Asia and Europe. Spotlight Asia will take the form of a series of round table discussions, short presentations and networking events between May 16-24. They will cover genres ranging from fiction to animation. The collaborative events will especially focus on the tools that potential co-producers from Europe and Asia need to equip themselves with in order to navigate the different forms of cooperative working, ranging from introducing existing funding opportunities to helping navigate each country’s specific laws and production functionalities.

Patrick Frater Asia Bureau Chief Global streaming giant Netflix has publicly committed to spending $2.5 billion (approx. KRW3.34 trillion) on South Korean film and TV production over the next four years. The total is double the amount it has spent in Korea since 2016, the company said. The promise was made by Ted Sarandos, co-CEO of Netflix, at a meeting in Washington DC with South Korean President Yoon Suk Yeol. “We were able to make this decision because we have great confidence that the Korean creative industry will continue to tell great stories. We were also inspired by the President’s love and strong support for the Korean entertainment industry and fueling the Korean wave. I’d like to personally thank the President for his kind response letter,” Sarandos said in a statement.

Patrick Frater Asia Bureau Chief The highly-anticipated Japanese animated feature film “The First Slam Dunk” dominated the mainland China cinema box office in its opening weekend. It broke multiple records as it did so. The film scored $38.5 million (RMB266 million) over the Friday to Sunday weekend, according to data from consultancy Artisan Gateway. However, it opened on Thursday, a day earlier than is the norm in China, and has accumulated $55.2 million over the opening four-day frame. The film is based on IP that is well-known to a generation of comic book fans and TV audiences in China (early middle-aged men were reported to have been particularly interested) and has already proved a hit in other parts of Asia. (Comscore estimates that the film has grossed $211 million worldwide.)

Patrick Frater Asia Bureau Chief The South Korean cinema box office fell to its lowest level of the year over the latest weekend. Nationwide theatrical earnings in a territory which before COVID was the world’s fourth largest were barely over $6 million. “John Wick: Chapter 4” lead the weekend chart from Japanese anime “Suzume” and Korean sports drama “Rebound” in a top three repeat from a week earlier. “John Wick 4” earned $2.51 million in its second weekend of release, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic). That was a 38% week-on-week decline and represented a 41% share of the total Korean box office market. It also gave the film a cumulative total of $9.73 million since release on April 12.

Patrick Frater Asia Bureau Chief Global cinema box office recovered strongly in the first three months of the year, driven by the performance of “The Super Mario Bros. Movie” in many territories and a bumper Chinese New Year season in mainland China. The upbeat news was delivered on the eve of CinemaCon Las Vegas by specialist research firm Gower Street Analytics, which has now increased its forecast of the cinema industry’s full year. The firm now projects that 2023 gross revenues will reach $32 billion, a 10% increase on its earlier estimate of $29 billion. “A $32 billion global box office in 2023 would represent an approximate +23% improvement on 2022. It remains 20% behind an average of the last three pre-pandemic years (2017-2019), but it shows how post-pandemic recovery of our business continues to improve,” said Gower Street.

Patrick Frater Asia Bureau Chief Trinity CineAsia has acquired rights to Chinese tentpole action movie “Born to Fly,” and will release the film in cinemas in the U.K. and Ireland.

Patrick Frater Asia Bureau Chief Japanese animated film “The First Slam Dunk” has taken a strong early lead at the mainland China box office, picking up $13.8 million on its Thursday opening day. Films mostly release in China on Fridays, but the Japanese hit was given previews on Wednesday and a full court release on Thursday, starting with widespread midnight screenings. Data from local firm Ent Group reveals that the film earned $3.16 million from some 14,000 preview screenings on Wednesday, followed by $13.8 million on Thursday from 184,000 screening sessions. That gives it a $17 million cumulative and positions it at the top of the box office chart even before the conventional Friday to Sunday weekend begins.

Patrick Frater Asia Bureau Chief Jung Ho-seok, better known as J-Hope, Tuesday became the second member of K-pop sensation BTS to join the Korean military. Approaching his 30th birthday, J-Hope attended an army camp at Wongju, south of Seoul, and is expected to begin five weeks of basic training there. Local news agencies reported a small crowd of fans, seemingly outnumbered by assembled journalists, waited outside the camp to wish him well. Their number was reported to be diminished by bad weather. Earlier, J-Hope had posted on the Weverse fandom platform words of encouragement and a pair of photos revealing his newly-shorn hair. “I love you all. ARMY, I will return safely,” he wrote. ‘Army’ in that sense is a reference to BTS’s legion of fans, rather than the Korean military services.

Patrick Frater Asia Bureau Chief The battle for corporate dominance of K-Pop has become a drama that never stops giving. After the acrimonious takeover battle between BTS-backer Hybe Corp. and tech giant Kakao for control of SM Entertainment, Korea’s financial regulators are probing the deal-making that eventually led to Kakao’s victory. Korea’s Financial Supervisory Service raided the offices of SM Entertainment on Tuesday, according to the Yonhap news agency. Investigators were looking for evidence of stock price manipulation between February and March when the two camps were skirmishing.

Patrick Frater Asia Bureau Chief Leading indie sales agent Finecut has picked up international rights to “In Our Day” by idiosyncratic South Korean director Hong Sang-soo. The film is set as the closing title of the Directors’ Fortnight sidebar of the Cannes festival. Hong, who works on low budgets, controls much of the production process and makes repeated use of a small pool of actors, is one of the most prolific feature directors in the world. This is already his second feature this year. His earlier, “In Water” played in the Encounters section at Berlin in February His films are known for their minimalist style, a focus on female characters, serial chance encounters and oblique references to the media industry. On paper, “In Our Day” fits exactly in that groove.

Patrick Frater Asia Bureau Chief Jackie Chan-starring nostalgic stuntman comedy film “Ride On” trotted to a second weekend atop the mainland Chinese box office. “The Super Mario” Bros. Movie” remained in fourth place. “Ride On” earned $6.0 million (RMB41.5 million) between Friday and Sunday, a 48% week-on week drop, according to data from consultancy Artisan Gateway. That took it to a $22.6 million total since release on April 7. Below it, Japanese animation “Suzume” and Chinese shaggy dog story “Hachiko” swapped places. “Hachiko,” on its third weekend outing, earned $4.9 million, for a cumulative of $35.1 million. “Suzume” earned $4.5 million in its fourth weekend on release in China, giving it a $109 million cumulative.

There is absolutely no stopping “The Super Mario Bros. Movie.” At a time when many blockbusters in the post-shutdown box office are taking drops of over 60% in their second weekend, the Universal/Illumination animated film is dropping just 45% for an Illumination record $80 million in its second weekend.

Patrick Frater Asia Bureau Chief Is it time for South Korea’s TV drama series to move over and make way for Korean unscripted entertainment — namely game shows and reality shows? While 2003 drama series “Jewel in the Palace,” or the more recent “Crash Landing on You,” “Memories of the Alhambra,” “Mr. Queen,” “Love (ft. Marriage and Divorce)” and “Descendants of the Sun” have for years successfully tugged at emotional heartstrings across Asia, the unscripted category has equally long been a staple of Korean domestic TV. Korean variety shows have been a catch-all with multi-generational appeal. Talent contests have worked well in the home market, but often were too quirky — too much dialogue, or distracting titles flashing across the screen — which meant that they were best exported as formats rather than finished shows.

Patrick Frater Asia Bureau Chief South Korean actor Jung Chae-yul was found dead at her home on Tuesday. She was 26. The news of her death was confirmed by her agency Management S, without disclosing details of the circumstances. “Actress Chae-yul has left our side on April 11, 2023,” Management S, said in a statement on Tuesday. “We pray that Chae-yul, who has always been sincere about acting, is able to rest in peace in a warm place.” It added that, according to the wishes of her family, Jung will have a private funeral. Jung began her career as a model and appeared in 2016 fashion survival show “Devil’s Runway.” She transited into acting and appeared in 2018 Korean movie “Deep.”

Patrick Frater Asia Bureau Chief Competition reality TV format “Lego Masters” has been picked up by Tokyo Broadcasting System for adaptation in Japan. The deal is the 19th for the Banijay Rights-represented format and the third in Asia. Production is currently underway for the show, which will see pairs compete against each other to wow judges with inspiring designs and brick builds. “I am looking forward to working with Banijay Rights and not only learn about the production of the show, but also to closely examine the essence of creation behind it,” said Aso Kunihiro, producer, contents solution department at TBS in a prepared statement.

Patrick Frater Asia Bureau Chief A growing range of Thai, Japanese and Chinese-language films and TV shows are reaching global audiences – joining the by-now well-established international viewership for South Korean shows.Netflix’s Global Top 10 for the week April 3-10, sees made-for-streaming Korean title “Kill Boksoon” on top of the non-English-language films list, with 27.5 million hours watched in its second week of release. It is immediately followed by Thai film “Hunger,” about a young woman apprentice in an upmarket restaurant working under a tough boss. The film is directed by Sitisiri Mongkolsiri and stars “Bad Genius” breakout Chutimon Chuengcharoensukying.

Patrick Frater Asia Bureau Chief Japanese animation “Suzume” held on to top spot for a fifth consecutive weekend at the South Korean box office, as Korean-produced sports film “Rebound” proved to be misnamed. Arriving only in second place, “Rebound” failed to provide any bounce to the beleaguered cinema sector, leaving the weekend as the lowest scoring this year.