S. Korea telco mulls movie move

SK Telecom could shake up distribution biz

SEOUL — South Korean telco SK Telecom is mulling a move into film investment and distribution next year.

“We have not yet determined the scale of the endeavor,” the firm said Thursday. “We are also not ruling out the possibility of importing foreign titles in order to establish a distribution lineup.”

SK’s move has been rumored for years and, if it does come about, the deep-pocketed conglom’s ambitions would cause significant ripples in a sector dominated by CJ Entertainment, Showbox and Lotte Entertainment.

The telco believes film content can help expand its mobile businesses.

SKT, which also holds large stakes in talent/production firm iHQ and producer-distributor Chungeorahm, is not, however, considering setting up its own production division.

Want to read more articles like this one? SUBSCRIBE TO VARIETY TODAY.
Post A Comment 0

Leave a Reply

No Comments

Comments are moderated. They may be edited for clarity and reprinting in whole or in part in Variety publications.

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

More Film News from Variety

Loading