- M&A Investment
[Culture & Contents]Value-chain Converged Global
Date : 2021.05.27
• Exposure of the limitations of existing movie theaters due to social/policy factors at home and abroad - Even though the size of the global box office market has reached USD 50 billion, the limitations of existing movie theaters became obvious due to the effects of the COVID-19 crisis. As such, major changes need to be made to the distribution process and value chain of newly released films. • Digital distribution solution that enables the screening of the newly released films – The company’s technology enables encrypted first-run film contents to be screened in spaces other than multiplexes, using company software such as RTMS, CineInsight, and CineMarketplace. Hollywood's distribution process is complied with, and the screening fee is paid to the distributor. This solution can eliminate the initial cost of building a movie theater (at least KRW 750 million per cinema) and operating costs such as rental and labor costs, which account for 25% of the theater's sales. A type of hybrid cinema with a flexible size can be created without any initial costs according to the characteristics of diverse social gathering spaces (e.g. hotels, large F&B shops). • A new business model that converges screening, distribution, and global producer network, offering high profitability and growth potential - Profits are generated by establishing a content distribution network by taking each cinema as an outlet and using it as an IP distribution and collection tool. This model could occupy the market left unabsorbed by existing multiplexes and Netflix through the offline outlet of profitable own contents + contentsdistribution + collection of small-scale movie IP. Movie contents can be quickly distributed in the world, based on software.
- Amount : 4M
- Region :
North America , China , Europe , Japan , Southeast Asia , Middle East