Spackman Entertainment Group Ltd., one of Korea’s leading entertainment production groups founded by media investor Charles Spackman, has acquired Simplex Films Ltd., an early stage film production firm headed by veteran Korean producer, Lim Ji-young, for approximately $2.4 million. Further terms of the transaction were not disclosed.
Simplex intends to produce top quality films to be theatrically released and distributed in Korea and overseas. Simplex shall first release its films initially in Korea and subsequently in post-theatrical markets such as cable television, broadcast television, IPTV, video-on-demand, and home video/DVD, etc.
Simplex’s upcoming film, JESTERS: THE GAME CHANGERS, a historical comedy film starring Cho Jin-woong of INTIMATE STRANGERS (2018) and THE SPY GONE NORTH (2018) and Son Hyun-joo of ORDINARY PERSON (2017), is expected to be released in August 2019 in Korea. The film, which is currently in the post-production stage, is distributed by Warner Bros. Korea and directed by Kim Joo-ho.
John Ko, Chief Executive Officer of Spackman Entertainment Group said, “Through the acquisition of Simplex, the Group shall be able to expand its film production capacity and look forward to positive contribution from Simplex’s maiden film within this fiscal year.”
South Korea, Seoul
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