CJ ENM also produces series through its Studio Dragon and CJ ENM Studios arms.
The overall market has become very subdued.
Despite the dire situation here in the film market, CJ ENM remains committed to growing its film business.
‘Parasite,’ ‘Queen of Tears,’ ‘Snowpiercer’ (inset) Yoon Sang-hyunCJ ENM
Thats why were calling this the first official year of global expansion.
This year the outfit is readying 65 projects including 35 series.
The Greek director has once again cast his muses Emma Stone and Jesse Plemons.
‘Severance’Courtesy of Apple TV+
Focus Features will releaseBugoniain the U.S. and Universal Pictures is distributing the title internationally (excluding South Korea).
Were not limited to any genre, and were looking at the overall catalog.
Paramount+, however, was taken off TVING last year and the pair have not renewed their partnership.
The journey has been far from smooth sailing, withrestructuring and layoffsacross Fifth Season in March last year.
Yoon attributes these challenges to post-Covid-19 knock-on effects as well as the Hollywood strikes.
He flags the runaway success ofSeveranceSeason 2 on Apple TV+ as a turning point in the Fifth Season journey.
CJ ENM has other strings to its bow.
The platform landscape has become increasingly fragmented.
CJ ENM is also focused on expanding its musical reach into China and the Middle East.
Yoon says the relationship can be win win.
Yoon says Netflix has been hugely important for Korean content but sounds a note of caution.
Its one of the side effects of that global exposure.
This four-year contract includes broadcasting rights, video business rights, and overseas broadcasting rights.
Yoon says that TVING will become part of its broadcasting strategy in the near future.
Its not just about acquiring the broadcasting rights, he says.
