Following the conclusion of new deals with CJ ENM and Netflix, jTBC, or more specifically the JTBC Contents Hub, has been making major moves in production.
JTBC has acquired BA Entertainment and Perfect Storm Film on December 30th and are currently in the process of negotiating financing for new projects which will likely have improved distribution thanks to increased cooperation between the three companies.
BA Entertainment was purchased for approximately 22 million dollars. The studio is behind such movies as "Tunnel", "Forgotten", and "Tazza: One-Eyed Jacks". They also made "Beasts Clawing at Straws", which is expected to release in February, and "Daughter", which is expected to be released in March. The acquisition of Perfect Storm Film by contrast was accomplished for around 15 million dollars. The studio is best known for "Take Point" and "Ashfall".
Written by William Schwartz
Staff writer. Has been writing articles for HanCinema since 2012, having lived in South Korea since 2011. Started out in Gyeongju, then to Daegu, then to Ansan, then to Yeongju, then to Seoul, lived on the road for HanCinema's travel diaries series in the summer of 2016, and is currently settled in Anyang. Has good tips for utilizing South Korea's public bus system. William Schwartz can be contacted via email@example.com.
"[HanCinema's News] JTBC Making Aggressive Moves in Production"
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