×

Distrib execs resign over B.O. losers

World Brief

South Korean distributor Cinema Service’s prexy Kim In-soo and four board members have resigned after a spate of underperforming films.

Meanwhile, the industry is taking the news as a sign that founder Kang Woo-suk will reassume control of the company and push for its revival. The producer-director was not long ago considered the most powerful figure in the industry.

Kang says that substantive plans will be released soon and that he has not yet formally accepted the resignations.

Earlier this fall Kang unveiled a $53 million film investment fund with his name on it.

Cinema Service is 40% owned by formal rival CJ Entertainment, which represents the former’s pics in the international market.

Although topping $84 million with “King and the Clown,” released last December, 2006 has been a disappointment for Cinema Service.

Features “Lost in Love,” “Sunday Seoul,” “The Customer Is Always Right,” “Love Phobia,” “Fly High” and “Puzzle” all flopped, although “Radio Star,” by “King and the Clown” helmer Lee Joon-ik, earned a decent $12.5 million.

More Film

  • Marrakech Film Festival Unveils Full Lineup,

    Marrakech Film Festival Unveils Full Lineup, Jury for 17th Edition

    South Korean distributor Cinema Service’s prexy Kim In-soo and four board members have resigned after a spate of underperforming films. Meanwhile, the industry is taking the news as a sign that founder Kang Woo-suk will reassume control of the company and push for its revival. The producer-director was not long ago considered the most powerful […]

  • LeBron James'Smallfoot' film premiere, Los Angeles,

    LeBron James' 'Space Jam 2' Set to Film in California

    South Korean distributor Cinema Service’s prexy Kim In-soo and four board members have resigned after a spate of underperforming films. Meanwhile, the industry is taking the news as a sign that founder Kang Woo-suk will reassume control of the company and push for its revival. The producer-director was not long ago considered the most powerful […]

  • Viggo Mortensen2018 Governors Awards - Arrivals,

    Viggo Mortensen to Receive Santa Barbara Film Festival Honor

    South Korean distributor Cinema Service’s prexy Kim In-soo and four board members have resigned after a spate of underperforming films. Meanwhile, the industry is taking the news as a sign that founder Kang Woo-suk will reassume control of the company and push for its revival. The producer-director was not long ago considered the most powerful […]

  • Can 'Fantastic Beasts' Survive Without Enchanting

    Can 'Fantastic Beasts' Survive Without Enchanting New Audiences?

    South Korean distributor Cinema Service’s prexy Kim In-soo and four board members have resigned after a spate of underperforming films. Meanwhile, the industry is taking the news as a sign that founder Kang Woo-suk will reassume control of the company and push for its revival. The producer-director was not long ago considered the most powerful […]

  • Taiwanese director Fu Yuen, left, delivers

    Golden Horse Awards Ceremony Sparks Political Firestorm in China and Taiwan

    South Korean distributor Cinema Service’s prexy Kim In-soo and four board members have resigned after a spate of underperforming films. Meanwhile, the industry is taking the news as a sign that founder Kang Woo-suk will reassume control of the company and push for its revival. The producer-director was not long ago considered the most powerful […]

  • BTS 'Burn the Stage' Movie Becomes

    BTS Concert Movie Tops One Direction to Set Event-Cinema Admissions Record

    South Korean distributor Cinema Service’s prexy Kim In-soo and four board members have resigned after a spate of underperforming films. Meanwhile, the industry is taking the news as a sign that founder Kang Woo-suk will reassume control of the company and push for its revival. The producer-director was not long ago considered the most powerful […]

  • Bob Iger Disney

    Disney Gets Approval From Chinese Regulators for Fox Deal

    South Korean distributor Cinema Service’s prexy Kim In-soo and four board members have resigned after a spate of underperforming films. Meanwhile, the industry is taking the news as a sign that founder Kang Woo-suk will reassume control of the company and push for its revival. The producer-director was not long ago considered the most powerful […]

More From Our Brands

Access exclusive content