Magazine article Screen International

Spackman to Acquire Novus Mediacorp

Magazine article Screen International

Spackman to Acquire Novus Mediacorp

Article excerpt

South Korean production group signs MOU for acquisition of ancillary distributor.

South Korean production group Spackman Entertainment Group, listed on the Catalist of the Singapore Exchange, has announced it has "entered into a non-binding memorandum of understanding" for the proposed acquisition of 51% or more of Novus Mediacorp Co., Ltd.

Mostly known as a Korean ancillary distributor, Novus Mediacorp Co. is also an investor and presenter that has handled 35 local and 19 foreign films since 2010. These include local hits Secretly, Greatly and All About My Wife, the latter of which is one of Spackman Entertainment Group's productions.

Novus also wholly owns subsidiary Novus Entertainment Co., Ltd. which is currently producing three local films for theatrical release in 2015: Life Risking Love, featuring Ha Ji-won; Korean Gangster, starring Jung Jae-young; and Chong Hee - The Emperor's Love, starring Cho Jin-woong.

Spackman's move comes at a time of growth in South Korea's ancillary market. …

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