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Jun 2016 VOL.62

  • KOFIC’s 2014 May Film Industry Report
  • by June KIM / 06.20.2014
  • Revival of the Domestic Film Market
     

    Last month’s admissions increased by 2.65 million in comparison to May last year to hit 16.86 million, and accrued approximately 133.6 million USD in total ticket sales. This result is due to the good mix of domestic (The Fatal Encounter, The Target, Obsessed) and international (X-Men: Days of Future Past, The Amazing Spider-Man 2) works that were received well throughout.
     
    Korean films took 49.3% of the audience share, with 13 films that released, bringing in 65.1 million dollars in revenue. The Fatal Encounter and The Target brought in 6 million admissions together, and Obsessed alone brought in 1.3 million. On the other hand, there were a total of 76 international releases which took 50.8% of the audience share with X-Men: Days of the Future Past and The Amazing Spider-Man 2 taking the lead.
     
    The cumulative admissions count was in comparison to last year, about the same between January to May, but the revenue rose slightly by 3.1%, to 18.2 million USD. Looking at the distributors, Lotte Entertainment hits first place with The Fatal Encounter in its line-up to receive 25.2% of the audience share, and closely behind is Twentieth Century Fox Korea with X-Men: Days of the Future Past, Rio 2, and The Grand Budapest Hotel receiving 21.5%, and CJ Entertainment is in third with 8 titles including The Target and Mr. Peabody & Sherman. Sony Pictures Releasing Korea comes in 4th with The Amazing Spider-Man 2, Maleficent, and NEW in 5th with 3 titles including Obsessed.
     
    Diversity in Genre Lead to Popularity

    It was possible to see that diverse genres were introduced in theatres throughout the month of May which took over the top ten chart. The Fatal Encounter is a period drama while The Target is a hard-core action film. Obsessed checks-off the melodrama genre, A Hard Day checks-off thriller, and A Girl at my Door drama.
     
    Alternative Film: Her
     
     Spike Jonze’s Her which won the Oscar for Original Screenplay, gathered 131,000 admissions and safely landed in the first place in the alternative film category. Only one domestic title was able to find a slot in the top ten list, which was the documentary, Sage Solutions.
     
     
     
     
     
     
     
     
     
     
    Top Ten Box Office (May, 2014)
     
    Rank
    Title
    Distributor
    Release
    Country
    Screens
    (#)
    Revenue (100,000 USD)
    Admissions (10,000)
    1
    The Fatal Encounter
    Lotte Entertainment 
    2014-04-30 
    Korea 
    1,055 
    278 
    354 
    2
    X-Men: Days 
    of Future Past
    Twentieth Century
    Fox Korea
    2014-05-22
    USA
    1,056 
    227
    279 
    3
    The Target
    CJ Entertainment
    2014-04-30 
    Korea
    666
    214
    272 
    The Amazing  
    Spider-Man 2
    Sony Pictures
    Releasing Korea
    2014-04-23 
    USA 
    1,312
    179 
    217 
    5
    Obsessed
    NEW 
    2014-05-14
    Korea
    682 
    106 
    135 
    6
    Rio 2
    Twentieth Century Fox Korea
    2014-05-01 
    USA
    598
    56
    75 
    7
    Godzilla
    Warner Bros. Korea 
    2014-05-15
    USA
    610
    60 
    71
    8
    Transcendence
    Lotte Entertainment 
    2014-05-14 
    USA
    417 
    54 
    69
    9
    A Hard Day
    Showbox/Mediaplex Inc.
    2014-05-29
    Korea
    645 
    34
    44
    10 
    Maleficent 
    Sony Pictures
    Releasing Korea
    2014-05-29
    USA
    554
    26 
    32
     
    * 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 Alternative Films (May, 2014)
     
    Rank
    Title
    Distributor
    Release
    Country
    Screens
    (#)
    Revenue (1,000 USD)
    Admissions (1,000)
    1
    Her 
    Universal Pcitures
    International Korea
    2014-05-22
    USA
    168 
    1,054 
    131
    2
    The Body
    Sidus Pictures
    2014-05-22
    Spain
    161
    489
    65
    3
     
    Weekend in Paris
    PANCINEMA 
    2014-05-01
    UK
    31
    234
    29
    4
     
    Paganini: The
    Devil’s Violinist
    Sidus Pictures
    2014-04-23
    Germany
    100
    103
    14
    5
     
    Detachment
    Prain
    2014-05-08
    USA
    41
    88
    11
    6
     
    Approved for Adoption
    Miru Pictures
    2014-05-08
    Belgium 
    48 
    34 
    5
    7
     
    Tom at the Farm
    AT9FILM
    2014-05-22
    Canada
    26
    32
    4
    8
     
    Philomena
    Daou Tech Inc.
    2014-04-16
    UK 
    194
    25
    3
    9
     
    Sage Solutions
    Cinema DAL
    2014-05-15
    Korea
    18
    19
    3
    10
     
    Ginger and Rosa
    Green Narae Media
    2014-05-15
    UK 
    17
    19 
    3
     
    * 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
 
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