Media OutReach Newswire

Spackman Entertainment Group's Upcoming Art Film, STONE SKIPPING, Produced by Studio Take, To Be Released in Korea on 9 September 2020

STONE SKIPPING, a human drama film , is the first production of the Company's wholly‐owned indirect subsidiary, Studio Take, founded by veteran movie producer, Mr. Song Dae‐chan
STONE SKIPPING was screened at the 23^rd Busan International Film Festival in October 2018, and expected to be released in Korea on 9 September 2020

SINGAPORE - Media OutReach - 4 August 2020 - Spackman Entertainment Group Limited ("Spackman Entertainment Group" or the "Company" and together with its subsidiaries, the "Group"), wishes to announce that the Group's new art film, STONE SKIPPING, produced by the Company's wholly‐owned indirect subsidiary, Studio Take Co., Ltd. ("Studio Take") is scheduled to be released in Korea on 9 September 2020.

STONE SKIPPING is the first production to be released by Studio Take. The human drama film stars Kim Dae-Myung of GOLDEN SLUMBER (2017) & BLUEBEARD (2017), Jeon Chae‐eun of ANNE OF GREEN GABLES (MUSICAL) (2017), Kim Eui‐sung of TRAIN TO BUSAN (2016) & GOLDEN SLUMBER (2017) and Song Yun‐ah of THE K2 (2016). The story of STONE SKIPPING revolves around an unforeseen friendship between Suk‐Gu (played by Kim Dae-Myung), an adult with an intellectual disability running a rice mill in a small village, and Eun‐Ji (played by Jeon Chae‐eun), a runaway teenage girl from the city looking for her father. One day, an unexpected incident at the rice mill leads to their world falling apart.

STONE SKIPPING is directed by Kim Jung-sik and distributed by Little Big Pictures.

For more information on STONE SKIPPING and its official trailer, visit the Group's website at http://www.spackmanentertainment.com.

About Spackman Entertainment Group Limited

Spackman Entertainment Group Limited ("SEGL" or the "Company"), and together with its subsidiaries, (the "Group"), founded in 2011 by Charles Spackman, is one of Korea's leading entertainment production groups. SEGL is primarily engaged in the independent development, production, presentation, and financing of theatrical motion pictures in Korea. According to Variety, Korea was the world's fourth largest box office market in 2019, behind only North America, China and Japan.

The Group also invests into and produces Korean television dramas. In addition to our content business, we also own equity stakes in entertainment-related 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.

Production Labels

SEGL's wholly-owned 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 10 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 CRAZY ROMANCE (2019), 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. For more information on Novus Mediacorp, do visit http://novusmediacorp.com

The Company owns a 100% equity interest in Simplex Films Limited ("Simplex Films") which is an early stage film production firm. Simplex Films has the following films in the pipeline namely, A BOLT FROM THE BLUE, IRREVOCABLE PROMISE and OUR SUPERSTAR K.

The Company owns a 100% equity interest Take Pictures Pte. Ltd. ("Take Pictures") which has a line-up of several films including STONE SKIPPING (working title), GUARDIAN (working title) and the co-production with Zip Cinema for THE PRIESTS 2.

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.

The Company owns a 20% equity interest in The Makers Studio Co. Ltd., which plans to produce and release four upcoming films, the first of which will be THE ISLAND OF THE GHOST'S WAIL, a comedy horror film.

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 online streaming, 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.

Talent Representation

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 MSteam Entertainment Co., Ltd. (Son Ye-jin, Lee Min-jung, Ko Sung-hee), UAA&CO Inc. (Song Hye-kyo, Yoo Ah-in, Park Hyung-sik), Fiftyone K Inc. (So Ji Sub, Ok Taec-yeon), SBD Entertainment Inc. (Bae Doo-na, Son Suk-ku), and Kook Entertainment Co., Ltd. (Kim Sang-kyung, Kim Ji-young). 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 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.

Strategic Businesses

The Company 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 ITAEWON CLASS (2020), HOW TO BUY A FRIEND (2020), KIM JI-YOUNG, BORN 1982 (2019), FOUR MEN (2019) and ASADAL CHRONICLES (2019).

Previously, Frame Pictures was also involved in GIRL COPS (2018), MALMOI (2018), SUITS (2018), MISTRESS (2018), LIFE (2018), LIVE (2018), MONEY FLOWER (2017), SWEET REVENGE (2017), BAD GUYS 2 (2017), THE LEGEND OF THE BLUE SEA (2016) and VETERAN (2015).