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Annual Market Share of Domestic Films to Hit 60%

2006/11/06 | 105 views | Permalink | Source

The average annual market share of domestic movies will likely surpass 60 percent this year.

Theater chain CJ CGV said Monday that domestic films commanded an average market share of 62 percent for the first ten months. The chain projected that the average for the year would easily top 60 percent even if the remaining two months falter.

It would set a new high for the Korean film industry. As recently as 1998, domestic productions accounted for a mere 21 percent of the market.

Last month, the market share surged to 83 percent, a record for the year, thanks to the hits "Tazza: The High Rollers" ("Tazza: The High Rollers") and "Radio Star".

Reported by KBS WORLD Radio

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