CJ unloads pix but admits Wave's breaking
South Korea’s CJ Entertainment has sold Competition pic “I’m a Cyborg, but That’s OK” to Japan’s Tokyo Theaters and to Wild Side for France.
Korean sales agents have had a tough time in the last year as the volume of business in Japan, its key export market, dropped by more than 70% in 2006.
“Cyborg” sale was helped by the presence of Jung Ji-hoon, aka Rain, one of the few Korean Wave stars whose name still has major resonance.
Tom Oh, CJ’s senior VP of international sales, described deals as being done at “good prices,” although he admitted values are down from the highs CJ would have asked a year ago.
CJ sold “Like a Virgin,” comedy about college freshman who becomes a wrestler to pay for a sex change op, to Amuse Entertainment in Japan.
Company licensed hit film “Voice of a Murderer” to Encore for Malaysia and Singapore, and “Hot for Teacher” to Encore and J-Bics, both for Thailand.
Germany’s Splendid, a regular buyer of Korean actioners, was a pre-buyer of helmer Choi Yang-il “Soo.”
CJ sold much of South East Asia on upcoming drama “Hwang Jin-yi.” Pic was pre-sold to Festive Pictures for Singapore and Malaysia, J-Bics for Thailand and Time Vision for Vietnam.
Library title “Sympathy for Mister Vengeance” and last year’s “Sympathy for Lady Vengeance,” the first and third parts of Park Chan-wook’s “Revenge” trilogy, were licensed to United Arab Emirates-based FR for the Mideast.