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Cinema 'The host' to sell its copy right with $4.70 million

2005/03/25 Source

Cinema 'The host' by filmmaker Bong Joon-ho has concluded a contract with $4.70 million (approximately 5 billion won) in virtue of scenario and character design tentative plan.

'The host's investment, production and distribution firm said the company entered into a sales contract with a very favorable condition in which additional profit will be distributed according to box office.'The host' has been tyring meetings with foreign buuers already from the Pusan International Film Festival last year in anticipation of its market possibility.

The cinema has concluded its sales contract with Japan Happynet Pictures on condition that it receives minimum guarantee $3.2 million plus $1.5 million.

In addition, the cinema can receive additional profits according to its box office. As its investment as well as export deal with Europe's big companies such as France came to the end, the amount of export for cinema 'The host' appears to exceed easily $6 million.

The Source : Koreacontent News Team

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