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KOFIC News

KOFIC’s 2014 May Film Industry Report

Jun 20, 2014
  • Writerby June KIM
  • View3697
Revival of the Domestic Film Market
 

Last month’s admissions increased by 2.65 million in comparison to May last year to hit 16.86 million, and accrued approximately 133.6 million USD in total ticket sales. This result is due to the good mix of domestic (The Fatal Encounter, The Target, Obsessed) and international (X-Men: Days of Future Past, The Amazing Spider-Man 2) works that were received well throughout.
 
Korean films took 49.3% of the audience share, with 13 films that released, bringing in 65.1 million dollars in revenue. The Fatal Encounter and The Target brought in 6 million admissions together, and Obsessed alone brought in 1.3 million. On the other hand, there were a total of 76 international releases which took 50.8% of the audience share with X-Men: Days of the Future Past and The Amazing Spider-Man 2 taking the lead.
 
The cumulative admissions count was in comparison to last year, about the same between January to May, but the revenue rose slightly by 3.1%, to 18.2 million USD. Looking at the distributors, Lotte Entertainment hits first place with The Fatal Encounter in its line-up to receive 25.2% of the audience share, and closely behind is Twentieth Century Fox Korea with X-Men: Days of the Future Past, Rio 2, and The Grand Budapest Hotel receiving 21.5%, and CJ Entertainment is in third with 8 titles including The Target and Mr. Peabody & Sherman. Sony Pictures Releasing Korea comes in 4th with The Amazing Spider-Man 2, Maleficent, and NEW in 5th with 3 titles including Obsessed.
 
Diversity in Genre Lead to Popularity

It was possible to see that diverse genres were introduced in theatres throughout the month of May which took over the top ten chart. The Fatal Encounter is a period drama while The Target is a hard-core action film. Obsessed checks-off the melodrama genre, A Hard Day checks-off thriller, and A Girl at my Door drama.
 
Alternative Film: Her
 
 Spike Jonze’s Her which won the Oscar for Original Screenplay, gathered 131,000 admissions and safely landed in the first place in the alternative film category. Only one domestic title was able to find a slot in the top ten list, which was the documentary, Sage Solutions.
 
 
 
 
 
 
 
 
 
 
Top Ten Box Office (May, 2014)
 
Rank
Title
Distributor
Release
Country
Screens
(#)
Revenue (100,000 USD)
Admissions (10,000)
1
The Fatal Encounter
Lotte Entertainment 
2014-04-30 
Korea 
1,055 
278 
354 
2
X-Men: Days 
of Future Past
Twentieth Century
Fox Korea
2014-05-22
USA
1,056 
227
279 
3
The Target
CJ Entertainment
2014-04-30 
Korea
666
214
272 
The Amazing  
Spider-Man 2
Sony Pictures
Releasing Korea
2014-04-23 
USA 
1,312
179 
217 
5
Obsessed
NEW 
2014-05-14
Korea
682 
106 
135 
6
Rio 2
Twentieth Century Fox Korea
2014-05-01 
USA
598
56
75 
7
Godzilla
Warner Bros. Korea 
2014-05-15
USA
610
60 
71
8
Transcendence
Lotte Entertainment 
2014-05-14 
USA
417 
54 
69
9
A Hard Day
Showbox/Mediaplex Inc.
2014-05-29
Korea
645 
34
44
10 
Maleficent 
Sony Pictures
Releasing Korea
2014-05-29
USA
554
26 
32
 
* Source: http://www.kobis.or.kr/kobis/business/stat/offc/searchOfficDistTotList.do
* Number of screens are determined by taking the maximum number of screens activated during the first week of the film’s release
 
 
Top Ten Box Office Alternative Films (May, 2014)
 
Rank
Title
Distributor
Release
Country
Screens
(#)
Revenue (1,000 USD)
Admissions (1,000)
1
Her 
Universal Pcitures
International Korea
2014-05-22
USA
168 
1,054 
131
2
The Body
Sidus Pictures
2014-05-22
Spain
161
489
65
3
 
Weekend in Paris
PANCINEMA 
2014-05-01
UK
31
234
29
4
 
Paganini: The
Devil’s Violinist
Sidus Pictures
2014-04-23
Germany
100
103
14
5
 
Detachment
Prain
2014-05-08
USA
41
88
11
6
 
Approved for Adoption
Miru Pictures
2014-05-08
Belgium 
48 
34 
5
7
 
Tom at the Farm
AT9FILM
2014-05-22
Canada
26
32
4
8
 
Philomena
Daou Tech Inc.
2014-04-16
UK 
194
25
3
9
 
Sage Solutions
Cinema DAL
2014-05-15
Korea
18
19
3
10
 
Ginger and Rosa
Green Narae Media
2014-05-15
UK 
17
19 
3
 
* Source: http://www.kobis.or.kr/kobis/business/stat/offc/searchOfficDistTotList.do
* Number of screens are determined by taking the maximum number of screens activated during the first week of the film’s release
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