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- KOFIC News
- 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 marketOut 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-runsInside 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)RankTitleDistributorReleaseCountryScreens (#)Revenue(100,000 USD)Admissions(10,000)1Miss GrannyCJ Entertainment2014-01-22Korea1,0243805262FrozenSony Pictures Releasing Walt Disney Studios (Korea) Inc.2014-01-16USA9734125053RoboCopSony Pictures Releasing Walt Disney Studios (Korea) Inc.2014-02-13USA62771954PompeiiLotte Entertainment2014-02-20USA, Germany56266895Man In LoveNEW2014-01-22Korea46864886Tabloid TruthCJ Entertainment2014-02-20Korea56063857Venus TalkLotte Entertainment2014-02-13Korea59151698Another FamilyOAL2014-02-06Korea19232469The AttorneyNEW2013-12-18Korea410304110Hot Young BloodsLotte Entertainment2014-01-22Korea4092636* 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 releaseTABLE 2: Top Ten Box Office Diversity Films (February, 2014)RankTitleDistributorReleaseCountryScreens (#)Revenue(1,000 USD)Admissions(1,000)1Inside Llewyn DavisBloomage2014-01-29USA70593762Blue Is the Warmest ColorPANCINEMA2014-01-16France53143193Like Father, Like SonTwentieth Century Fox Korea2013-12-19Japan31101134The DreamersAUD2005-03-25France2383115The Great PassageDaou Tech Inc.2014-02-20Japan255476Only Lovers Left AliveChallan2014-01-09UK132537Museum HoursFilm JoseE2014-01-23Austria81728Still MineSYcomad2014-02-20Canada161529The NunGreennarae Media2014-01-23France1414210Cinema ParadisoPop Entertainment1990-07-07France142* 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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