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- Korean Film News
- COLD EYES Producer Looks to Singapore Stock Market
- by Pierce Conran / Aug 12, 2013
- Zip, Opus Owner Spackman Entertainment Seeks Listing
Spackman Entertainment, a Hong Kong-based division of the Canadian firm Spackman Equities Group Inc., is seeking an initial public offering (IPO) on the Singaporean stock exchange. The media group is a majority stakeholder in a pair of major Korean production companies: Zip Cinema and Opus Pictures.Zip Cinema is currently experience a strong summer following the successful release of their thriller Cold Eyes, starring JUNG Woo-sung, SEOL Kyung-gu and HAN Hyo-joo. The JOH Ui-sok/KIM Byeong-seo directed feature has attracted over 5.5 million admissions to date for a haul of KRW 39.3 billion (USD 35.3 million). Other Zip Cinema productions include Woochi (2009), Haunters (2010) and last year’s romcom hit All About My Wife.Meanwhile, Opus Pictures is a minority shareholder of the current blockbuster Snowpiercer, which has remained top of the charts since its release in Korea on July 31st. Following 12 days on release, the hotly anticipated BONG Joon-ho feature has amassed 6.45 million admissions with revenue totaling KRW 46.3 billion (USD 41.6 million). Opus is also responsible for recent fare such as The Man From Nowhere (the biggest Korean hit of 2010) and last year’s Howling.Spackman Entertainment has engaged the services of PrimePartners Corporate Finance to guide them in their Singaporean stock market listing. Funds acquired through the IPO will be used to invest in and expand the production queues of Zip Cinema and Opus Pictures.
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