In the second quarter of this year CJ ENM collected an estimated eighty million dollars in profits. This represents a 22.3% increase over the second quarter of 2018.
In most sectors the improvement in performance was a little below that. The media division made about 15.4% more money, but profit increased by 25.1%, as much of the new revenue came in the form of advertising gains, which do not generate direct cost. "Arthdal Chronicles" has been noteworthy mainly for its ability to generate revenue via advertising and promotional tie-ins, even though the drama has underperformed ratings wise.
The most dramatic improvement was in the film division, which has seen an 88.2% improvement in earnings thanks largely to the unexpectedly strong performance of "Parasite". That department is now running a significant surplus - although overall the film department of CJ ENM is fairly small, only maybe a sixth the size of the media division.
Written by William Schwartz
Staff writer. Has been writing articles for HanCinema since 2012, having lived in South Korea since 2011. Started out in Gyeongju, then to Daegu, then to Ansan, then to Yeongju, then to Seoul, lived on the road for HanCinema's travel diaries series in the summer of 2016, and is currently settled in Anyang. Has good tips for utilizing South Korea's public bus system. William Schwartz can be contacted via firstname.lastname@example.org. He also has a substack at williamschwartz.substack.com where he discusses the South Korean film industry in broader terms and takes suggestions for future movies to review.
"[HanCinema's News] CJ ENM Profits up 22.3% Over Second Quarter"
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