Magazine article Variety

Kross Pictures Sees Future in Remakes

Magazine article Variety

Kross Pictures Sees Future in Remakes

Article excerpt

FOR YEARS, South Korea's high-concept feature movies, including prominent titles such as "Oldboy," have been ripped off, plagiarized and blatantly copied by some companies in India.

Now, Korean producer and packaging company Kross Pictures is busily turning Korean films and intellectual property into a viable business in India.

Headed by Thomas Kim Hyunwoo, a former investment banker and L.A.-based Disney executive, Kross last year pro- duced Amitabh Bachchan-vehicle "Te3n" as an authorized remake of 2013 Korean crime drama "Montage." It now has 10 other Korea-to-India projects at different stages of development.

"Our model is about obtaining and controlling established IP, with a view to packaging it for film and TV," said Kim, speaking at the Busan Film Festival's Asian Film Market. China and Vietnam are among the other markets Kross is targeting, though India is arguably the most promising. "We see many commonalities along with the cultural differences."

Kross Pictures India is currently producing "The Devotion of Suspect X," a well-known Japanese detective story by Keigo Higashino, as an eight-part TV series for Netflix. Kross previously re-conceived the same property as a feature film that was released earlier this year in China, and grossed $59. …

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