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Ko - production in Busan
  • KOFIC’s 2014 February Film Industry Report
  • by June KIM /  Mar 18, 2014
  •  
    Total monthly theatre attendance for February was 18.54 million which was a 15% decrease from last year’s figures. Revenue also went down 12.2% to USD 138.7 million. Most of the films that did well in the box office in February were January releases. Of those titles, only Miss Granny and Frozen surpassed the one million admissions mark. It is without a doubt that having the Korean New Year (Seollal) in January instead of February this year impacted the numbers for the winter.
     
    The market share for Korean films was 53.4% with 9.9 million admissions, and revenue reached USD 71.6 million. In the top ten box office titles, seven films were Korean with Miss Granny (5.26 million admissions) at the top with the most ticket sales. Other titles saw mediocre admissions records with Man In Love (880,000), Tabloid Truth (850,000), and Venus Talk (690,000).
     
    Admissions for non-Korean films were 8.64 million, with revenue of USD 67.1 million. Frozen alone saw 5.05 million admissions and secured the second spot at the box office with 9.86 admissions in total. With its ongoing popularity, it became the first animation in Korea to reach ten million admissions on March 3rd. 
     
    If we look at the distribution companies, CJ Entertainment had the highest audience share with their released titles including Miss Granny, whereas Sony Pictures Releasing Walt Disney Studios (Korea) had two titles including Frozen and was in second place with an audience share of 32.5%.
     
    Korean and American films hold 97.3% of total audience share, dominating the Korean film market
     
    Out of the top 10 list, Korean films secured seven spots and American films took three. While the two industries have dominated the Korean film market for a long time, it is unfortunate to see an audience of just 1.4% for Japanese films and less than 1% for other nations.
     
    Diversity in Film: Inside Llewyn Davis and Popular Re-runs
     
    Inside Llewyn Davis received unexpected attention with 76,000 admissions as it lead the group of non-commercial films. The re-run of Bernardo Bertolucci’s The Dreamers (2003) attracted 11,000 to take fourth place in the diversity film category. Korean titles were not able to hit the top ten list in this section, although Intruders and My Place were 11th and 12th respectively.
     
    TABLE 1: Top Ten Box Office (February, 2014)
     
    Rank
     
    Title
     
    Distributor
     
    Release
     
    Country
     
    Screens (#)
     
    Revenue
     
    (100,000 USD)
     
    Admissions
     
    (10,000)
     
    1
    Miss Granny
    CJ Entertainment
    2014-01-22
    Korea 
    1,024
    380
    526
    2
    Frozen
    Sony Pictures Releasing Walt Disney Studios (Korea) Inc.
    2014-01-16
    USA 
    973
    412 
    505
    3
    RoboCop
    Sony Pictures Releasing Walt Disney Studios (Korea) Inc.
    2014-02-13
    USA
    627
    71 
    95
    4
    Pompeii
    Lotte Entertainment
    2014-02-20
    USA, Germany
    562
    66
    89
    5
    Man In Love
    NEW
    2014-01-22
    Korea
    468 
    64
    88
    6
    Tabloid Truth
    CJ Entertainment
    2014-02-20
    Korea
    560
    63
    85
    7
    Venus Talk
    Lotte Entertainment 
    2014-02-13
    Korea
    591 
    51
    69
    8
    Another Family
    OAL
    2014-02-06
    Korea
    192
    32
    46
    9
    The Attorney 
    NEW
    2013-12-18
    Korea
    410
    30 
    41
    10
    Hot Young Bloods
    Lotte Entertainment
    2014-01-22
    Korea
    409
    26 
    36 
     
    * 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

    TABLE 2: Top Ten Box Office Diversity Films (February, 2014)

    Rank
     
    Title
     
    Distributor
     
    Release
     
    Country
     
    Screens (#)
     
    Revenue
     
    (1,000 USD)
     
    Admissions
     
    (1,000)
     
    1
    Inside Llewyn Davis
    Bloomage
    2014-01-29 
    USA 
    70
    593
    76
    2
    Blue Is the Warmest Color
    PANCINEMA
    2014-01-16
    France
    53
    143
    19
    3
    Like Father, Like Son
    Twentieth Century Fox Korea
    2013-12-19
    Japan 
    31
    101
    13
    4
    The Dreamers
    AUD
    2005-03-25
    France
    23
    83
    11 
    5
    The Great Passage
    Daou Tech Inc.
    2014-02-20
    Japan
    25 
    54
    7
    6 
    Only Lovers Left Alive
    Challan 
    2014-01-09 
    UK
    13 
    25
    3
    7
    Museum Hours 
    Film JoseE  
    2014-01-23
    Austria 
    8 
    17
    2
    8 
    Still Mine 
    SYcomad
    2014-02-20 
    Canada 
    16
    15
    2
    9
    The Nun 
    Greennarae Media 
    2014-01-23 
    France
    14 
    14
    2
    10 
    Cinema Paradiso
    Pop Entertainment
    1990-07-07
    France
    1
    4
    2 
     
    * 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
    * USD amounts are approximate conversions
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