Spackman Equities Subsidiary Opus Pictures' Snowpiercer Posts Best Non-Holiday Opening Ever in Korea
August 06 2013 - 9:43AM
Marketwired Canada
Spackman Equities Group Inc. ("SEGI") (TSX VENTURE:SQG) announced today that
SNOWPIERCER, the critically-acclaimed sci-fi action film co-produced by Spackman
Equities' subsidiary Opus Pictures Co., Ltd. ("Opus"), posted the best
non-holiday opening in Korean box office history, selling 3.76m tickets in its
first six days of release.
With a production budget of USD 50 million (CAD 52 million) and directed by
world-renowned Korean director, Bong Joon-ho, SNOWPIERCER is headlined by a
stellar Hollywood cast including Chris Evans (Captain America), John Hurt (Harry
Potter) and Academy Award winners, Tilda Swinton (Michael Clayton), and Octavia
Spencer (The Help), while also featuring Korean stars, Song Kang-ho and Go
Ah-sung. In this post-apocalyptic class-struggle story adapted from the cult
French graphic novel Le Transperceneige, Evans plays Curtis, a semi-reluctant
revolutionary leader of a group of dissidents aboard a perpetually moving train
that houses the survivors of the second Ice Age. With the help of security
expert, Namgoong Minsu (Song), the rear inhabitants revolt against the elites in
the front led by Mason (Swinton).
SNOWPIERCER opened on July 31st and became the fastest non-holiday movie to
reach 1 million, 2 millon, and 3 million in ticket admissions. In just six days,
SNOWPIERCER has sold a total of 3.76 million tickets, grossing over KRW 27
billion (CAD 25 million), and capturing 61.1% of the nation's box office gross
revenues during the period, according to Korean Box Office Information System.
Opus is the co-producer (along with Moho Films and CJ E&M) of SNOWPIERCER, and
it is the first Korean movie production company to produce a Hollywood film of
this magnitude. The Weinstein Company has secured the rights in North American
and UK, but has not yet announced the release dates for North America.
SEGI indirectly owns the majority of Opus through its entertainment subsidiary
Spackman Entertainment Group Limited ("Spackman Entertainment") in Hong Kong.
Spackman Entertainment is an entertainment holding company that owns operating
businesses engaged in the independent production of theatrical motion pictures
in Korea. Spackman Entertainment currently owns two operating subsidiaries,
namely Zip Cinema Co., Ltd. and Opus Pictures Co., Ltd. SEGI owns 65.8% of
Spackman Entertainment.
About Spackman Equities Group Inc.
Spackman Equities Group Inc. ("SEGI") is a diversified investment holding
company that invests into and develops small/medium-sized growth companies that
possess proprietary technologies or industry-specific know-how, primarily in
Asia. SEGI also makes investments in selected publicly-traded companies that
SEGI believes are attractive investment propositions. The objectives of SEGI are
to (i) invest into or acquire businesses with compelling growth potential at
attractive valuations, (ii) build a diversified and balanced portfolio of
investments, and (iii) deliver the collective value derived from the performance
of its portfolio of investments to the shareholders of SEGI. Currently, SEGI's
holdings include:
-- indirectly-held 68.2% ownership of two leading Korean movie production
companies, Zip Cinema Co., Ltd. and Opus Pictures Co., Ltd., through
Spackman Entertainment Group Limited and others;
-- 100% of Spackman Entertainment Korea Inc., an investment company that
invests into films produced by Opus and Zip;
-- indirectly-held 67.4% ownership of Upper West Inc. which owns and
operates the Martini Kitchen, an entertainment cafe and lounge located
in Seoul, Korea:
-- 100% of SEGI Investments Limited, an investment company that invests
into Korean public equities;
Visit www.spackmanequities.com for further information.
About Opus Pictures Co., Ltd.
Opus Pictures Co., Ltd. ("Opus") was established in August 12, 2005 in the
Republic of Korea by renowned movie producer, Tae Hun Lee. Opus is recognized as
one of the leading independent developer, producer, and investor of theatrical
movie pictures in Korea. In 2010, Opus produced and released THE MAN FROM
NOWHERE, the biggest box office success of the year with 6.9 million box office
tickets sold domestically and one of the highest grossing movies in Korean
history. Opus is also the co-producer of the USD 50 million Hollywood
blockbuster, SNOWPIERCER, which opened in Korea on July 31, 2013, breaking the
record for the best non-holiday opening ever in Korean history. SNOWPIERCER is
headlined by Hollywood stars, Chris Evans and Tilda Swinton, and is directed by
world-renowned Korean director, Bong Joon-ho. Opus licenses its films to
ancillary markets including cable, broadcast television, and home video/DVD. Its
movies are distributed and shown throughout Asia and worldwide.
Visit www.opuspictures.com for further information.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term
is defined in policies of the TSX Venture Exchange) has in any way approved or
disapproved of the contents of this press release.
FOR FURTHER INFORMATION PLEASE CONTACT:
Spackman Equities Group Inc.
Thomas Chiu
Investor Relations
+852 3902 3287
info@spackmanequities.com
www.spackmanequities.com
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