Korea Box Office: ‘Wonka’ Wins Holiday Weekend, ‘Argylle’ Flops to Seventh Place Opening

Imax saw sales dip in the fourth quarter to $86 million from $98 million, in line with Wall Street forecasts, as the company focused on the full year and its accelerated global expansion. The stock in up in after-market trading.

Patrick Frater Asia Bureau Chief Hybe, the Korean entertainment group behind BTS, saw revenues and profits both grow by more than a fifth in 2023 as album sales doubled and post-COVID conditions allowed more concerts. The company Monday reported annual revenues of KRW2.17 trillion ($1.63 billion), up 23% compared with 2022. Net profits reached KRW187 million, more that three times 2022’s depressed result and exceeding 2021’s figure.

Patrick Frater Asia Bureau Chief The four strongest Chinese titles that launched over the Lunar New Year holidays continued to dominate the mainland China and global office charts for a third successive weekend, albeit with a change of order that put Zhang Yimou’s “Article 20” in top spot. Global box office tracking service ComScore showed “Article 20,” “Pegasus 2,” “YOLO” and “Boonie Bears: Time Twist” as ranking first, second, fifth and sixth, respectively, in the world over the latest weekend. Within mainland China, the quartet’s numbers were sufficiently solid that the year-to-date aggregate is now closely comparable to 2023’s.

Patrick Frater Asia Bureau Chief Occult drama-thriller “Exhuma,” dominated the South Korea box office in its opening weekend with a scarily good debut approaching $17 million. The film, about two shaman, a feng shui master and a mortician who attempt to undo the mysterious events happening to a U.S.-based Korean family, grabbed $14.5 million between Friday and Sunday, representing a 77% share of the overall box office market. Including the earnings since its Wednesday debut, the film earned $16.8 million in its full opening session, according to data from Kobis, the tracking service operated by the Korean Film Council (Kofic).

Refresh for latest…: Paramount’s Bob Marley: One Love continued to sing sweet tunes in its sophomore session, adding $15M from 59 international box office markets for a drop of 37% from its above-expectations stellar opening. The overseas cume is now $49.4M for $120.6M worldwide.

Patrick Frater Asia Bureau Chief In Berlin with “The Roundup: Punishment,” part four of the action movie series that he created and stars in, the larger-than-life Korean American Don Lee finds himself simultaneously in multiple timely and lucrative businesses. These include the Marvel superhero business, the Korea-to-Hollywood remake business, “The Roundup” franchise and its multiple spinoff possibilities. Lee may even be in the business of saving Korean cinema, which is currently having one of its periodic wobbles.

Patrick Frater Asia Bureau Chief North American digital distributor Echelon Studios has come on board “12.12: The Day,” the highest grossing film from Korea last year. The film has been on theatrical release in North America, through 815 Pictures since last year and grossed over $1 million.

Madame Web is swinging in at second place after a disappointing opening weekend at the box office.

Patrick Frater Asia Bureau Chief Streaming platform Disney+ will add four new Korean-language original series to its 2024 lineup. Its “Blood Free,” “Unmasked,” “The Tyrant” and “Gangnam B-Side” land in addition to a third season of “The Zone: Survival Mission” and the previously announced “Uncle Samsik” and “Light Shop” from webtoon pioneer and creator of the platform’s 2023 series hit “Moving.” “Blood Free,” which is to star Ju Jihoon (“Kingdom”) and Han Hyojoo (“Moving”), follows a former bodyguard haunted by the failures of his past. He finds himself recruited to protect the CEO of a controversial lab-grown meat company who is also a survivor of the fateful attack that changed his life. Set in modern-day Seoul, “Unmasked” follows a group of investigative journalists who are fighting for their careers after broadcasting a controversial story.

Patrick Frater Asia Bureau Chief Korean entertainment conglomerate CJ ENM has appointed Jung Jhong-hwan, as president of content, global business. He is expected to spearhead growth of global content production and distribution and continue the group’s multi-studio approach to business.

Patrick Frater Asia Bureau Chief France’s Isabelle Huppert, one of the leading actors of her age, has crafted a unique relationship with Korean auteur Hong Sang-soo. Hong’s “A Traveler’s Needs,” which premieres this week in competition at the Berlin Film Festival, is the third time that Huppert has starred in one of his unique pieces of minimalist cinema. She says she hopes the partnership can go much further. Huppert plays a footloose and intense French woman at large in Korea and vaguely making ends meet as an untrained language tutor with eccentric methods.

Patrick Frater Asia Bureau Chief Production firm Movierock and rights sales outfit Hive Filmworks are in advanced production on “Hear Me: Our Summer,” a Korean remake of hit 2009 romance film “Hear Me” from Taiwan. The story involves a motorbike delivery man who falls in love with a hearing-impaired younger woman. Comparing themselves with water birds and trees the pair slowly try to break through the barriers in their relationship, pursue their dreams and take things to the next level. The retread stars Hong Kyung, who has a recent string of appearances including Netflix’s “D.P,” “TV’s Revenant” and “Hero,” and the upcoming “Troll Factory.” Co-star Roh Yoon-seo has credits in “Crash Course in Romance” and “Our Blues” and is currently one of the most ubiquitous faces in Korea thanks to her position as the face of the Paris Baguette bakery and café chain. Stylistically, the adaptation aims for the feel of Iwai Shunji’s pan-Asian hit “Love Letter,” and is directed by Jo Seon-ho, who previously made “A Day.” Movierock previously produced a 2018 Korean remake of 2004 Japanese hit “Be With You.” The film is already being pre-sold to multiple territories in Asia.

according to IMDB’s Box Office Mojo.The biographical musical film, based on the life of the pioneer Reggae singer-songwriter, which stars Kingsley Ben-Adir, was released on Valentine’s Day. The film opened to a poor Rotten Tomatoes rating and some negative reviews, with The Guardian saying “the reggae superstar deserves a better film than this,” and RogertEbert.com calling it “a flattened biopic devoid of a perspective or originality.”In second place was the suspense thriller “Madame Web,” with $4.3 million in sales.

Patrick Frater Asia Bureau Chief Taipei and Los Angeles-based Organic Media Group has picked up rights to U.S.-produced classical music documentary title “Crescendo” and will be launching it at the European Film Market, which accompanies the Berlin Film Festival. The picture had its first commercial release in South Korea in December and became the highest grossing foreign documentary in the last three years.

Patrick Frater Asia Bureau Chief U.S-Asian sales company EST N8 has picked up the international rights for “30 Minutes,” a Korean sci-fi thriller film that is currently in production. The story revolves around a middle-aged man trapped in a time loop, repeatedly reliving the Christmas Eve of his murder.

Patrick Frater Asia Bureau Chief A three-year run of poor box office performances is sure to hurt the South Korean sales companies touting their new titles at the European Film Market — but not by that much. Certainly, the box office malaise undermines the ability to market some titles on the strength of their theatrical earnings back home. But the Korean film industry still has numerous other calling cards.

Patrick Frater Asia Bureau Chief Acemaker Movieworks, the young Korean studio behind 2023 hit “Noryang: The Sea” and “A Man of Reason,” is using the Berlin Film Festival‘s European Film Market to launch crime drama “Troll Factory,” its next big budget movie. Film’s plot revolves around an investigative journalist who, while probing a story about the manipulation of public sentiment, uncovers the existence of a so-called “troll factory” and is confronted with an unbelievable truth. The movie is in post-production and recently set March 27 for its theatrical release in Korea.

Moviegoing is slowly going back into fashion today with Paramount’s Bob Marley: One Love biopic seeing an estimated $12M. For a movie playing on Valentine’s Day midweek, that’s a record besting the $11.6M made by the 2012 Channing Tatum romance, The Vow.

Rebecca Rubin Film and Media Reporter Roses are red, violets are blue, two new movies will open in theaters on Valentine’s Day, but neither are expected to break through. Paramount’s musical biopic “Bob Marley: One Love” is projected to collect $30 million to $35 million between Wednesday and President’s Day on Monday. Those ticket sales should be enough to lead over Sony’s comic book adventure “Madame Web,” which looks to generate $22 million to $25 million during the same six-day period.

Patrick Frater Asia Bureau Chief Choi Yoonhee has been named as the new CEO of Barunson E&A, the Korean sales and production firm that is making a splash at the European Film Market in Berlin this week. Choi, who joined the firm in 2021 from CJ ENM, takes over from Gene Hong (Brian) Park and Kwak Sin Ae.