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Netflix Korea revenue tops 1 trillion won, surges 1.7-fold ... 81% of proceeds go to U.S. headquarters

Netflix Korea revenue tops 1 trillion won, surges 1.7-fold ... 81% of proceeds go to U.S. headquarters

Domestic operating profit reaches just 20.3 billion won, highlighting uneven revenue-sharing structure behind K-content's success
Global online video streaming giant 'Netflix' generated more than 1 trillion won in revenue in South Korea last year for the first time since entering the market. But 81% of that massive revenue was remitted to its U. S. headquarters, leaving the Korean entity with operating profit of just 20.
| James choi
'My Mister' writer Park Hae-young takes aim at zero-revenue contracts, demands end to buyout practice:

'My Mister' writer Park Hae-young takes aim at zero-revenue contracts, demands end to buyout practice: "Copyright law must change to ensure fair compensation"

Creators' Alliance, formed by six groups including the Korean Film Directors' Guild, urges passage of copyright amendment introduced on the 17th
The face of K-content stripped of copyrights: Buyout practices run counter to global standards The Korean Broadcasting Writers Association and the Korean Film Directors' Guild were among six groups that formed the Creators' Alliance, which held a news conference at the National Assembly on the 12th...
| James choi
Netflix Hit “Woo Young-woo” Loses Even in Appeal Over Writer Revenue Lawsuit

Netflix Hit “Woo Young-woo” Loses Even in Appeal Over Writer Revenue Lawsuit

Court: “OTT transmission isn’t a secondary use of copyrighted works”… AceStory wins against production company
Simultaneous OTT broadcasts aren’t a secondary use… “Extraordinary Attorney Woo” writer loses in appeal In a legal dispute over the broadcast-revenue earnings of the K-drama “Extraordinary Attorney Woo”, which sparked a global sensation, the writer’s side lost not only at the first instance but...
| James choi
[Interview] “I believed the box-office myth from 100 years ago would return.” Director Yasuda Junichi of “Samurai Timeslipper” ②

[Interview] “I believed the box-office myth from 100 years ago would return.” Director Yasuda Junichi of “Samurai Timeslipper” ②

At the end of last year, at the Japan Academy, the awards beat hot releases such as “Last Mile” and “Kingdom 4” to win seven categories: best picture, best director, best screenplay, best actor, best cinematography, best lighting, and best editing.
This is a structure that connects the filming set of the late Edo period with that of a modern-day historical drama. The former is an era in which the shogunate was in decline ahead of the Meiji Restoration, while the latter is a period that came after the heyday of 1970s-80s historical dramas—when...
| 이화정
Netflix Launches a $37 Trillion Won-Scale Share Buyback… Intensifies Efforts to Defend the Stock Price and Enhance Shareholder Value

Netflix Launches a $37 Trillion Won-Scale Share Buyback… Intensifies Efforts to Defend the Stock Price and Enhance Shareholder Value

The board approves a $25 billion share buyback… After earnings were announced, moves to calm market sentiment that plunged After the Warner Bros. Discovery deal fell through, it chose “cash returns”… Focused on rebuilding trust ahead of the founder’s departure Expresses confidence in “stable cash flow” built on new growth engines such as advertising and gaming
Global OTT leader Netflix has made the bold move of a $25 billion (about 37. 1 trillion won) share buyback to relieve the intensified stock-price drop pressure following its recent earnings release and restore shareholder confidence.
| Yangsimoh
Is That a Goomba? Game-Based Films That Successfully Reinvented Themselves from Bywords for Flops

Is That a Goomba? Game-Based Films That Successfully Reinvented Themselves from Bywords for Flops

It feels like a lifetime has passed. Gone are the days when "video game adaptations" fought over 0.5 or 1-star ratings; now we live in an era where they can reliably deliver a decent average. Even Mario once went through a period when it was the epitome of a "worst movie," a reputation even fans...
| Seongchan Eol
Netflix’s Surprise Earnings in First Quarter Topping $6 Billion… Shares Drop 9% After Founder Steps Down

Netflix’s Surprise Earnings in First Quarter Topping $6 Billion… Shares Drop 9% After Founder Steps Down

Operating profit rose 18% and beat expectations, but shares plunged 9% in over-the-counter trading after a report that Reed Hastings—the founder who led the company for 29 years—has stepped down
Global online video service Netflix recorded a surprise performance that far exceeded the market’s outlook for the first quarter this year. An ‘earnings surprise’ in Q1 notwithstanding,
| James choi
Disney 'Zootopia 2' Surpasses 2 Million in 6 Days... Behind the Scenes Revealed by the Korean Production Team

Disney 'Zootopia 2' Surpasses 2 Million in 6 Days... Behind the Scenes Revealed by the Korean Production Team

Lee Sook-hee, Lee Hyun-min, Choi Young-jae "Focused on Scale and Detailed Expression Direction that Surpasses the Previous Work"
The best duo in Disney animation history, Judy and Nick, have returned. 〈Zootopia 2〉 has come back with overwhelming scale that surpasses the previous work and is hitting the global box office from the first week of its release.
| 김지민
CJ CGV Completely Withdraws from U.S. Theater Business After 15 Years

CJ CGV Completely Withdraws from U.S. Theater Business After 15 Years

Closure of the Last Location in LA Ends Direct Theater Operations in North America, Shifting Strategy to Special Theater Technology Business
CJ CGV has completely halted its direct theater operations in the U.S. after 15 years, closing its last foothold in North America, the Los Angeles location. CGV U.S. recently announced on its official website, "After careful consideration, we have made the difficult decision to permanently close...
| 김지민
SLL, Expanding Fandom Across Genres from ‘Crime Scene’ to ‘The Outlaws’

SLL, Expanding Fandom Across Genres from ‘Crime Scene’ to ‘The Outlaws’

Proving success both online and offline in OTT and theaters, building a domestic and international fandom base
Global IP powerhouse SLL (www.sll.co.kr) is securing fandom through various content such as entertainment and films, expanding its global competitiveness. Rather than settling for one-time hits, it is establishing a long-term growth system by expanding into seasons or franchises and connecting...
| Chua-young