Kakao Entertainment, part of South Korean internet giant Kakao Corp., is poised to buy leading Korean film production company Zip Cinema from its Singaporean owner Spackman Entertainment. The deal …
,” the Korean-language debut of Japanese Palme d’or winner Kore-eda Hirokazu , which is now in post-production and being sold by CJ Entertainment. The film stars Song Kang-ho , Gang Dong-won and Bae Doona .
. Spackman says that the disposal to Kakao Entertainment will transform its finances as the sale proceeds are nearly three times Spackman’s S$7.6 million market capitalization. Spackman shares soared by as much as 50% following the deal announcement. Spackman has assembled a collection of Korean assets and Korean-themed businesses. In 2014, it acquired producers Korea Take in 2017 and Simplex in 2019. It says it will continue to invest in Korean films and diversify into Hollywood.
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