KOFIC’s 2014 April Film Industry Report

NEWS & REPORTS
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KOFIC News

KOFIC News

NEWS & REPORTS

KOFIC’s 2014 April Film Industry Report

May 19, 2014

Writerby June KIM
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Foreign Offerings Beat Domestic Films at Korean Box Office

2014 April admissions decreased by 18% compared to last year, down to 9.2 million with sales down by 14.4% to KRW 72.1 billion. Most films that saw successes at the box office were Hollywood superhero titles including Captain America: The Winter Soldier, which took the top spot and The Amazing Spider-Man 2 in second, while only two Korean titles, Broken and The Fatal Encounter, broke into the top ten list. No domestic titles exceeded one million admissions.

Concerning distributors, Sony Pictures Releasing Walt Disney Studios Korea had the highest audience share due to Captain America: The Winter Soldier, with 48.6%. CJ Entertainment, which represented Broken, placed in second.

American films rule over April
The top ten films in April were 80% international and 20% domestic. The international titles were all from America, dominating the Korean film market.

Alternative Film: Diminishing Diversity Films
Films that were invited to film festivals and received positive acclaim abroad were released domestically and it was expected that the alternative market would yield a positive result. However, looking at admissions and revenue, while the first quarter reached similar accomplishments (January: 350,000, February: 350,000, March: 320,000), the total in April fell to 130,000.

Top Ten Box Office (April, 2014)

Rank	Title	Distributor	Release	Country	Screens (#)	Revenue (100,000 USD)	Admissions (10,000)
1	Captain America: The Winter Soldier	Sony Pictures Releasing Walt Disney Studios (Korea) Inc.	2014-03-26	USA	1,106	188	233
2	Amazing Spiderman	Sony Pictures Releasing Walt Disney Studios (Korea) Inc.	2014-04-23	USA	1,313	169	199
3	Broken	CJ Entertainment	2014-04-10	Korea	594	78	99
4	Divergent	Lotte Entertainment	2014-04-16	USA	511	33	42
5	The Grand Budapest Hotel	Twentieth Century Fox Korea	2014-03-20	USA	163	31	40
6	Son Of God	Prain Global	2014-04-10	USA	418	23	32
7	Fatal Encounter	Lotte Entertainment	2014-04-30	Korea	947	20	29
8	Noah	CJ Entertainment	2014-03-20	USA	951	19	25
9	3 Days to Kill	Lotte Entertainment	2014-04-03	USA	388	17	23
10	The Legend of Hercules	NEW	2014-04-10	USA	390	17	22

* Source: http://www.kobis.or.kr/kobis/business/stat/offc/searchOfficDistTotList.do
* Number of screens are determined by taking the maximum number of screens activated during the first week of the film’s release

Top Ten Box Office Diversity Films (April, 2014)

Rank	Title	Distributor	Release	Country	Screens (#)	Revenue (1,000 USD)	Admissions (1,000)
1	Philomena	Daou Tech Inc.	2014-04-16	UK	194	225	31
2	Paganini: The Devil’s Violinist	Cinus Entertainment	2014-04-23	Germany	100	167	23
3	Grand Piano	Wide Release	2014-04-17	Spain	95	149	21
4	The Tibetan Dog	9ers Entertainment	2014-03-27	Japan	192	23	3
5	A Touch of Sin	SYcomad	2014-03-27	China	22	26	3
6	Manshin	Atnine Film	2014-03-06	Korea	88	19	3
7	My Boy	Treefilm	2014-04-10	Korea	34	15	2
8	Wreckers	INDIESTORY Inc.	2014-04-03	UK	15	15	2
9	Short Piece	Doki Entertainment	2014-04-17	Japan	6	14	2
10	My Father’s E-mails	INDIESTORY Inc.	2014-04-24	Korea	21	12	2