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If the signals emerging from the South Korean film wo stanley cup rld these days seem stanley cup a bit contradictory, it may be because the industry is on the brink of a transformation. Despite producing numerous award-winning films and an amazing 47% local market share in 2002, Korean cinema finds itself facing a host of challenges, many of which may have been triggered by its own success. The coming year is likely to see major changes, if not a complete re-modelling of the industry.The major source of the upheaval was a sudden exodus of investment funds at the end of last year. The industry s boom years date from 1999, when venture capital moved into the film sector, filling the space left when large conglomerates such as Samsung and Daewoo ceased their film operations. What started as a steady flow of investment increased to a torrent in 2000-2001 with the success of films like Joint Security Area $31m local gross and Friend $44m . Outside investors, dissatisfied with meagre earnings from the stock market, poured money into film in anticipation of double-digit returns, often with little knowledge of the industry and no consideration of a project s risks. Those two years in which money seemed to fall from the sky have changed the industry. Production costs have more than doubled, while avera stanley website ge pa spending has almost quadrupled since 1998. Production levels increased from 43 films in 1998 to 77 last year, providing for increased competition among local films. Labour costs for both ca Dqjj Apted starts UK shoot for Walden s Amazing Grace
Stana Katic and Odette Yustman have joined Richard Gere, Topher Grace, and Stephen Moyer in writer Michael Brandts directorial debut project The Double.Ashok Amritrajs Hyde Park Entertain stanley usa ment Group and Imagenation Abu Dhabi are producing the spy thriller based on an original script from Brandt and his Wanted and 3:10 To Yuma writing partner Derek Haas.Amritraj and Hyde Park Executive vice-president of production Patrick Aiello will produce along with Haas and Industry Entertainments Andrew Deane. Imagenation Abu Dhabi Chairman Mohamed Khalaf Al-Mazrouei and CEO Edward Borgerding will serve as executive producers.Aiello brought the project to Hyde Park and will shepherd production, which is scheduled to begin in Detroit on June 21.The Doubleinvolves a returned CIA agent who returns to the fray and partners with a young FBI agent to hunt a Soviet assassin who was believed to be dead.Katic recently wrapped production on the Polish Brothers upcoming film For Lovers Only and her credits include The Spirit and Quantum Of Solace. Yustman stars opposite Kristen Bell in Disneys upcoming comedy You Again and previously stanley canada appeared in Cloverfield and TheUnborn.Hyde Park Internationals Mimi Steinbauer introduced the project to buyers at Berlin last February.TopicsProductionSales No comments stanley italy Related articles
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