Mediacorp and Spackman Entertainment Group first-ever co-production to bring together powerful storytelling, talent and mix of familiar and fresh faces from Korea and Singapore

SINGAPORE -�Media OutReach - 23 April 2019 – Singapore’s Mediacorp and Korea’s Spackman
Entertainment Group Limited (“Spackman Entertainment Group”), are set to co-produce
a romantic drama bringing together talent and a mix of familiar and fresh faces
from Korea and Singapore. Mediacorp
and Spackman Entertainment Group, known for its 2018 blockbuster film Default, have today signed a memorandum
of understanding for their first-ever co-production.

 

The 20-episode drama co-production carries the working title Equity of Love and promises to draw
viewers into a twist-of-fate story, set against the alluring luxury hospitality
and fast-paced financial landscapes of Singapore, combining the key ingredients
of ambition, greed, forgiveness, love and friendship.

 

Doreen Neo, Chief Content Officer of Mediacorp, said: “Spackman
Entertainment Group and Mediacorp share a passion for brilliant storytelling
and high-quality production values. We are thrilled to be working with the
group to transpose their cinematic prowess into drama
production and produce a riveting drama that will entertain and intrigue
audiences in Korea and Singapore. This partnership is also a statement that
Mediacorp is open for business. We are actively seeking partners for
co-productions and other collaborations.”

 

Irene Lim, Chief Customer Officer of Mediacorp, said: “This
co-production is another demonstration of Mediacorp’s commitment to build
partnerships that deliver compelling, contemporary content to audiences everywhere.
Mediacorp and Spackman Entertainment Group bring different strengths to the
collaboration and there is much we can learn from each other in our common
quest to create distinctive, quality content for our audiences.”

 

John Ko, Chief Executive Officer of Spackman Entertainment Group
said, “We are very excited to embark on this unique opportunity to produce the
first Singapore-Korea drama with Mediacorp. We hope that the cross-border
collaboration will have a significant impact on the Singaporean entertainment
industry as we bring in fresh and original content to viewers across the region
and beyond. Starting with this project, we intend to add non-Korean content
production as a new growth segment complementing our core Korean movie
production business.”

 

The drama is slated to commence production during 2019 and expected
to telecast in the second half of 2020. Viewers will be serenaded with both
Korean and Mandarin soundtracks specially composed for the series. The cast
line-up shall be announced soon in due course.

Mediacorp and Spackman Entertainment Group
intend to negotiate and finalise the terms and conditions for the co-investment
and co-production of the aforementioned proposed drama and enter into
definitive agreement as soon as reasonably practicable. The exclusive period of
the memorandum of understanding is one year.

 

Besides Spackman Entertainment Group, Mediacorp has been collaborating with
media partners from the region to produce quality content. Mediacorp partnered with
Hong Kong’s ViuTV for Toggle Originals thriller Bluetick in 2017 and with Taiwanese production house Eightgeman (???????????) and Taiwan Television
Enterprise (??????) to produce a unique 40-episode dual-action drama All Is Well??????.???OK?last year.

About Mediacorp

Mediacorp is Singapore’s largest content creator and transmedia
platform, operating seven TV channels, 11 radio stations and multiple digital
platforms including CNA, Singapore’s most used news app, and Toggle, its
digital video platform. Its mission is to engage, entertain and enrich
audiences by harnessing the power of creativity.

 

Mediacorp pioneered the development of Singapore’s broadcasting
industry, with radio broadcast in 1936 and television broadcast in 1963. Today,
it reaches 99% of Singaporeans in four languages and has a growing Asian
audience base through CNA as well as entertainment content that is distributed
across markets in the region.

 

The Mediacorp Partner Network brings Mediacorp together with
industry-leading brands like ESPN, Edipresse Media and 99.co to deliver rich
content for consumers and effective solutions for advertisers.

 

Mediacorp is the recipient of industry accolades including New
York Festivals, World Media Festivals, PromaxBDA (World and Asia) and Asian
Academy Creative Awards.

 

For more information, please visit mediacorp.sg.

 

About Spackman Entertainment Group Limited

 

Spackman
Entertainment Group Limited (“SEGL”
or the “Company“), and together with
its subsidiaries, (the “Group“), one
of Korea’s leading entertainment production groups founded by investment
veteran, Mr. Charles Spackman, is primarily engaged in the independent
development, production, presentation, and financing of theatrical motion pictures
in Korea. In order to diversify our revenue streams, we have expanded our
business portfolio to include the production of Korean television dramas. In
addition to our content business, we also make investments into entertainment
companies and film funds that can financially and strategically complement our
existing core operations. SEGL is listed on the Catalist of the Singapore
Exchange Securities Trading Limited under the ticker 40E.

 

SEGL’s
Zip Cinema Co., Ltd. (“Zip Cinema“)
is one of the most recognised film production labels in Korea and has
originated and produced some of Korea’s most commercially successful theatrical
films, consecutively producing 9 profitable movies since 2009 representing an
industry leading track record. Recent theatrical releases of Zip Cinema’s
motion pictures include some of Korea’s highest grossing and award-winning
films such as DEFAULT (2018), MASTER (2016), THE PRIESTS (2015), COLD EYES
(2013), and ALL ABOUT MY WIFE (2012).
For more information on Zip Cinema, do visit http://zipcine.com  

 

SEGL
also owns Novus Mediacorp Co., Ltd. (“Novus
Mediacorp“), an investor, presenter, and/or post-theatrical distributor for
a total of 79 films (58 Korean and 21 foreign) including ROSE OF BETRAYAL, THE OUTLAWS
and SECRETLY, GREATLY, which was one
of the biggest box office hits of 2013 starring Kim Soo-hyun of MY LOVE FROM THE STARS fame, as well as FRIEND 2: THE GREAT LEGACY. In 2012,
Novus Mediacorp was also the post-theatrical rights distributor of ALL ABOUT MY WIFE, a top-grossing
romantic comedy produced by Zip Cinema. In 2018, THE OUTLAWS, co-presented by Novus Mediacorp broke the all-time
highest Video On Demand (“VOD“)
sales records in Korea. Novus Mediacorp is currently in the process of seeking
a listing on the Singapore Stock Exchange. For more information on Novus
Mediacorp, do visit  http://novusmediacorp.com 

 

Our
films are theatrically distributed and released in Korea and overseas markets,
as well as for subsequent post-theatrical worldwide release in other forms of
media, including cable TV, broadcast TV, IPTV, video-on-demand, and home
video/DVD, etc. We release all of our motion pictures into wide-theatrical
exhibition initially in Korea, and then in overseas and ancillary markets.

 

We
also operate a café-lounge called Upper West, in the Gangnam district of Seoul
and own a professional photography studio, noon pictures Co., Ltd..

 

The
Company holds an effective shareholding interest of 43.88% in Spackman Media
Group Limited (“SMGL“). SMGL, a
company incorporated in Hong Kong, together with its subsidiaries, is
collectively one of the largest entertainment talent agencies in Korea in terms
of the number of artists under management, including some of the top names in
the Korean entertainment industry. SMGL operates its talent management business
through renowned agencies such as MS Team Entertainment Co., Ltd., UAA & Co
Inc., Fiftyone K Inc., SBD Entertainment Inc., and Kook Entertainment Co., Ltd.
Through these full-service talent agencies in Korea, SMGL represents and guides
the professional careers of a leading roster of award-winning actors/actresses
in the practice areas of motion pictures, television, commercial endorsements,
and branded entertainment. SMGL leverages its unparalleled portfolio of artists
as a platform to develop, produce, finance and own the highest quality of
entertainment content projects, including theatrical motion pictures, variety
shows, and TV dramas. This platform also creates and derives opportunities for
SMGL to make strategic investments in development stage businesses that can
collaborate with SMGL artists. SMGL is an associated company of the Company.

 

The Group owns a 100% equity interest in Frame Pictures Co., Ltd. (“Frame Pictures“). Frame Pictures is a
leader in the movie/drama equipment leasing business in Korea. Established in
2014, Frame Pictures has worked with over 25 top directors and provided the
camera and lighting equipment for some of Korea’s most notable drama and movie
projects including the upcoming Korean film GIRL COPS (2018) featuring rising star
Wi Ha-jun of SMGL and THE GREATEST
DIVORCE (2018) starring Bae Doona of SMGL. In 2018, Frame Pictures has also won contracts to supply
equipment to FOUR MEN (2019), ASADAL CHRONICLES (2019), THE CROWNED CLOWN (2019), THE BEAUTY INSIDE (2018), HUNDRED MILLION STARS FROM THE SKY (2018), LOVELY HORRIBLY (2018), THE
GUEST (2018), historical Korean movie MALMOI, SUITS (2018)
featuring Park Hyung-sik of SMGL, MISTRESS (2018), LIFE (2018), LIVE (2018) starring Lee Kwang-soo of RUNNING MAN, MY MISTER (2018) and Netflix’s first Korean original production LOVE ALARM (2018). Frame Pictures and
Novus Mediacorp are currently seeking to list on the Singapore Stock Exchange.

 

The Company owns a 100% equity interest in Take Pictures Pte. Ltd. (“Take Pictures“) which has a strong
lineup of 10 film projects including STONE
SKIPPING and the co-production with Zip Cinema for THE PRIESTS 2.

 

The Company owns a 100% equity interest in Constellation Agency
Pte. Ltd. (“Constellation Agency“).
Constellation Agency, which owns The P Factory Co., Ltd. (“The P Factory“) and Platform Media Group Co., Ltd. (“PMG“), is primarily involved in the
business of overseas agency for Korean artists venturing into the overseas market.
The P Factory is an innovative marketing solutions provider specializing in
event and branded content production. PMG is a talent management agency which
represents and manages the careers of major artists in film, television,
commercial endorsements, and branded entertainment.

 

The Company owns a 100% equity interest in Greenlight Content
Limited which is mainly involved in the business of investing into
dramas and movies, as well as providing consulting services for the production
of Korean content.

 

On 7 May 2018, the Company announced that it would spin-off Novus
Mediacorp and Frame Pictures into a combined entity to seek listing on the
Catalist Board of the Singapore Exchange Securities Trading Limited to exploit
the growing post-theatrical and camera equipment leasing markets.

 

For
more details, do visit http://www.spackmanentertainmentgroup.com/