Spackman’s Sovereign Default to star Korean heart-throb Yoo Ah-in

Spackman’s Sovereign Default to star Korean heart-throb Yoo Ah-in

By: 
Samantha Chiew
01/12/17, 04:14 pm

SINGAPORE (Dec 1): Spackman Entertainment Group says its upcoming film, Sovereign Default will feature top-tier Korean actor Yoo Ah-in, veteran Korean actress Kim Hye-soo and French star actor Vincent Cassel.

See: Spackman’s next major film is on…The Asian Financial Crisis

The movie by the group’s wholly owned subsidiary, Zip Cinema, is a historical financial thriller depicting the behind‐the‐scenes story of the tumultuous week leading up to the rescue package agreed upon between the International Monetary Fund (IMF) and South Korea to prevent its economy from collapsing during the 1997 Asian Financial Crisis.

Targeted for released in 1H18, the movie will be distributed by CJ Entertainment and the total production budget is tentatively set at about KRW9.7 billion ($12 million).

Actor Yoo Ah-in is represented by Korean talent management agency, UAA & Co, a subsidiary of the group’s associated company, Spackman Media Group.

Charles Spackman, executive chairman and CEO of Spackman, says, “With a strong cast of veteran actors and Zip Cinema’s production capability under Eugene Lee’s leadership, we look forward to delivering another high quality film.”

Friday's news come on the back of the group announcing on Tuesday that its 51%-owned subsidiary, Novus Mediacorp, has broken its own record of opening ancillary sales.

Novus achieved a total of KRW1.7 billion in revenue within the first four days of selling the ancillary rights of movie, The Outlaws.

See: Spackman's Outlaws is surprise hit at Korean box office

In view of the strong ancillary sales, Novus Mediacorp expects to achieve a total ancillary revenue of KRW6 billion, from the movie.

According to statistics from the Korean Film Council, The Outlaws is the third highest over 19 movie in the history of the Korean box office, selling around 6.9 million tickets and earning US$51.6 million ($69.9 million) at the Korean box office as at Nov 27.

“This unexpected performance will contribute positively to the Group’s performance in the fourth quarter of this year,” says Spackman.

As at 4.10pm, shares in Spackman are trading at 10 cents. 

Singapore authorities block New Noble listing

SINGAPORE (Dec 10): The Monetary Authority of Singapore (MAS) and Singapore Exchange Regulation (SGX RegCo) have barred Noble Group from transferring its listing status to New Noble as part of its restructuring process. This comes after a “careful review” of the findings to-date from the ongoing investigations into the commodities trader and its Singapore-incorporated subsidiary Noble Resources International (NRI). According to a joint statement by MAS, the Commercial Affairs Department (CAD) and SGX RegCo, the decision to block the New Noble listing arose from doubts about New Noble’....
Read More >>

Balancing profit and motive

SINGAPORE (Dec 10): On Dec 5, the UK government published a trove of internal Facebook emails and other documents that suggested the social media platform sought to trade users’ data with advertisers, or wield it for strategic advantage with third-party applications. Facebook has been under increasing scrutiny amid privacy concerns, and the backlash to the news was to be expected. In its defence, Facebook said it was seeking a way to ensure the sustainability of its business. As a business, Facebook should indeed be looking for the best way to monetise or leverage its assets — users’ ....
Read More >>

Singtel's Dash expands payment capabilities to international frontiers with Visa & Apple Pay

SINGAPORE (Dec 10): Singtel’s all-in-one mobile payments app, Dash, has expanded its payment capabilities to include international mobile payments via Apple Pay. This means Apple device users may also use Dash as a payment method on Apple Pay, making it the first non-bank mobile wallet in Singapore on Apple’s secure and private payments system. Main image, photo courtesy of Singtel: Using Dash for Visa Contactless Payments Further, Dash customers are now able to use their Visa Virtual Account on the Dash app at online retailers worldwide and merchant points that accept Visa conta....
Read More >>
Active management can deliver attractive returns amid tightening liquidity, says Charles Schwab

SINGAPORE (Dec 4): In the last few years, passive fund management has become increasingly popular am