Korea Box Office: Political Thriller ‘12.12: The Day’ Enjoys $13 Million Second Weekend Haul

Patrick Frater Asia Bureau Chief Static Waves, a Netherlands-based channels and content distribution company, has teamed with Korea’s Arirang TV to launch K-Wave, which they claim will be the world’s first free ad-supported television (FAST) channel dedicated to Korean popular music (K-pop). K-Wave will launch in January in the U.S. Europe and Asia via Zeasn, a platform which distributes to TCL, HiSense TV+ and Vestel brands of connected TVs pre-installed with Zeasn’s Whale OS. Its content will include: original series, live concerts, documentaries on K-pop stars, music and fashion trends, dance instruction videos and behind-the-scenes clips. To propel its Korean expansion, Static Waves has established a local business entity, Static Waves Korea, based in Seoul.

Patrick Frater Asia Bureau Chief Chinese-made crime drama, “Endless Journey” opened on top of the mainland China box office on a weekend with three new releases in the top five. The Wanda Pictures and Alibaba title earned $20.5 million (RMB146 million) between Friday and Sunday, its official opening weekend, according to data from consultancy Artisan Gateway. Together with previews from the week earlier, it ended the weekend with a cumulative total of $34.5 million (RMB245 million).

Patrick Frater Asia Bureau Chief Fact-based action drama “12.12: The Day” won a fourth weekend at the South Korea box office and became the second highest grossing film of the year. The political thriller incurred a steep week-on-week drop in takings, managing only $5.89 million in its fourth weekend, compared with $11.4 million in its third. But it still hogged a 72% market share, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic). After releasing on Nov.

according to IMDB’s Box Office Mojo.The musical fantasy, which tells the story of the fictional proprietor in the 1964 Roald Dahl novel “Charlie and the Chocolate Factory” stars Timothée Chalamet in the titular role. The Post said the actor exudes “impish charm and oddball quirks” and the film “delivers not so much a world of pure imagination as a land of constant cuteness.”The flick reportedly cost $125 million to make, so will have to earn double its budget, $250 million, to be deemed a box office success, according to Screen Rant.

Patrick Frater Asia Bureau Chief The first and second seasons of the hit thriller series “The Tourist,” starring Jamie Dornan and Danielle Macdonald, will shift to Netflix starting next February. The first season originally saw Warner Bros. Discovery’s Max as a co-producer and local streaming partner.

Patrick Frater Asia Bureau Chief Fact-based political thriller “12.12: The Day” dominated the Korean box office for the third successive weekend and advanced its takings haul beyond $50 million. It was far ahead of “Napoleon,” which opened a disappointing third. The Kim Sung-soo-directed picture earned $11.4 million between Friday and Sunday, accounting for 75.8% of nationwide weekend cinema revenues, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic). It has held up particularly strongly and dropped by only 12% in its third weekend.

Patrick Frater Asia Bureau Chief Fifth Season, the production and distribution company previously known as Endeavor Content, has secured a $225 million strategic investment from Toho International, the Japanese film and TV studio behind current box office hit “Godzilla Minus One.” The investment gives Toho a 25% equity stake in the company and leaves Korean entertainment conglomerate CJ ENM as Fifth Season’s majority owner. Former parent company, Endeavor Group Holdings continues as a strategic shareholder. CJ ENM and Fifth Season will work with Toho to both produce global content and participate in content produced in Japan.

Patrick Frater Asia Bureau Chief Thailand’s broadcast and streaming group Mono Next and Korea’s Studio Genie have struck a deal to collaborate on content creation and distribution. Production of a Thai remake of a Korean series is on the cards, but has not been finalized. The memorandum was announced on stage at the Asia Television Forum in Singapore on Wednesday, with streaming unit Mono Streaming signing on behalf of the Thai group.

Patrick Frater Asia Bureau Chief The Korean-produced series “The Glory” won the best drama series award on Thursday at the Asian Academy Creative Awards Gala Final. Thai-produced TV movie “Hunger” was named best feature film. The awards are organized by the Asian Academy of Creative Arts (AACA) a.k.a Asian Academy Creative Awards (AAA) and are held alongside the Asia Television Forum and Market (ATF) in Singapore. The AACA “was established to honor creative excellence and serve as a peer judged pinnacle of achievement in content creation, performance and media production.” By the conclusion of the gala ceremony, Singapore, Japan and India had each claimed seven prize wins.

Patrick Frater Asia Bureau Chief Something Special, the Seoul-based international format agency founded by format specialists Jin Woo Hwang (president and executive producer) and Kim In Soon (EVP & head of content) announce that ITV Studios has optioned the hit Korean celebrity format “Battle in the Box” for France, Australia, New Zealand, and Israel. The deal was unveiled on Wednewday, the first full day of the Asia Television Forum and Market (ATF) in Singapore. “Battle in the Box,” created by Korea’s NMedia and represented globally by Something Special, has previously seen deals announced with Fremantle for Denmark, Norway, Sweden, Finland, the Netherlands, Belgium and Portugal.

Patrick Frater Asia Bureau Chief South Korea’s subscription video market grew by more than 700,000 in the third quarter to reach more than 19 million, according to new research from research and consultancy firm Media Partners Asia. The firm’s “Online Video in Korea” report shows that Disney+ was the fastest growing platform in the period studied, propelled by its hit Korean-produced series “Moving.” The company now has some two million subscribers in the country, though it still trails market leaders Netflix and Tving.

Patrick Frater Asia Bureau Chief Leading Japanese publishing house Kodansha has struck a deal with new production company Majestic Limited for a feature film adaptation of its “Origin” comic. Created by Boichi (“Dr. Stone,” “Sun-Ken Rock”), a renown Korean manga artist (real name Park Mu-jik) who is based in Japan, “Origin” is set in a near-future where humanity has achieved incredible advancements in technology and robotics. It tells a story of self-discovery, morality, and what it means to be human. Winning the grand prize for manga at the 22nd Japan Media Arts Festival and currently only printed abroad, the English translation of “Origin” hit U.S.

Patrick Frater Asia Bureau Chief Webtoons, the vertical-scrolling iteration of digital comics that emerged some twenty years ago in Korea, along with the smartphone, are now a global medium. But they are only at the beginning of their global journey, says Charlie Park, CEO of Kakao Entertainment-owned Tapas. Park was speaking Tuesday at the Asia Television Forum in Singapore in a session moderated by industry consultant Jimmy Kim. Park explained that the webtoon segment was for several years a niche fan-driven activity with few opportunities for monetization.

Naman Ramachandran Sandeep Vanga Reddy’s blood-soaked Bollywood epic “Animal,” starring Ranbir Kapoor, emerged as the No. 1 film globally with $42.1 million, according to data published by ComScore. “Animal” released across 38 global territories.

Patrick Frater Asia Bureau Chief Taiwanese feature “The Mimicry” was named best picture at the first edition of the Cinema at Sea – Okinawa Pan-Pacific International Film Festival. The festival ran Nov.

Patrick Frater Asia Bureau Chief Rights to the second season of Irish crime drama series “Hidden Assets” have been licensed by DCD Rights. Buyers include the BBC for the U.K., SBS and Stan for Australia, TV4 for Sweden and TV2 for Norway. The 12-part series is produced by Saffron Moon, Facet4Media & Potemkino for RTE, Super Channel & Acorn TV, and was written by Peter McKenna (Kin, Red Rock), Morna Regan, Mary Fox and Marthy Thornton.

Patrick Frater Asia Bureau Chief CJ ENM (Hong Kong), a channels and content distributor that is part of the Korean CJ ENM conglomerate, has picked up pay-TV rights in parts of Asia to a handful of Korean series that were co-financed by streaming platform Tving and Paramount+. The deal was struck with Paramount Global Content Distribution. The productions are part of a global strategic partnership between CJ ENM and Paramount Global that was announced in December 2021. The deal was announced on the eve of the Asian TV Forum (ATF), which kicks off next week in Singapore. The series debut first on Tving in Korea and on Paramount+ in the U.S., Canada, U.K., Australia, Latin America, Brazil, Italy, France, Germany, Switzerland and Austria.

Patrick Frater Asia Bureau Chief South Korea’s two largest streaming services, Tving and Wave, are in advanced merger talks, according to Korean financial news media. The move appears intended to strengthen the home-grown platforms, which currently trail streaming market leader Netflix. The Korean Economic Daily reported Wednesday that CJ ENM, the largest shareholder in TVing, and SK Square, the biggest backer of Wavve, could strike an agreement as early as next week.

Patrick Frater Asia Bureau Chief “Carmen,” “Foe,” “Limbo,” Australia’s Oscar contender “Shayda,” “Streets of Colour” and “The Royal Hotel” have received the six nominations for best feature film at this year’s Screen Producers Australia Awards. The SPA Awards will be held on Thursday, March 21, 2024, the final evening of the Screen Forever conference. In the documentary feature section, the nominations are “Flyaways,” “Harley & Katya,” “Living With Devils,” “ONEFOUR: Against All Odds,” “The Cape,” “The Giants,” “The Jewish Nazi?” and “The Platypus Garden.” Nominations for best telemovie or miniseries production are “While the Men Are Away,” “The Claremont Murders,” “Wellmania,” “The Messenger,” “Bad Behaviour” and “The Clearing.” “2023 was a year filled with a number of challenges for our industry, but the Australian screen sector continued to delight audiences globally with stories that share our unique culture and creativity,” said SPA CEO Matthew Deaner.

Patrick Frater Asia Bureau Chief China’s nationwide annual box office passed the symbolic $7 billion and RMB 50 billion marks in recent days, confirming a decent, but still incomplete recovery of the theatrical cinema industry. According to consultancy Artisan Gateway, the running box office total to Nov. 26 was $7.15 billion.