×
You will be redirected back to your article in seconds

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.

Popular on Variety

More Film

  • Andhadhun receives AACTA nomination

    Indian and Chinese Titles Dominate AACTA Asian Award Nominations

    Three Indian and three mainland Chinese films are among the nine feature movies shortlisted for the Best Asian Film Award by the Australian Academy of Cinema and Television Arts. The Indian selections are box office hit “Andhadhun,” “Super Deluxe, and “Gully Boy,” which premiered in February at the Berlin festival. The Chinese trio includes “Shadow,” [...]

  • Fernando Meirelles The Two Popes

    Film News Roundup: 'The Two Popes' Wins Audience Award at Miami Festival

    In today’s film news roundup, “The Two Popes” wins an audience award, “A Night with Janis Joplin” and “Fittest in Dubai” get releases, Artists First reorganizes, SAG-AFTRA expands its headquarters and Film Fest 919 announces its winners. AUDIENCE AWARD Fernando Meirelles’ “The Two Popes” has won the audience award at the Miami Gems Film Festival. [...]

  • Scotty Bowers

    Scotty Bowers, Old Hollywood's Sexual Matchmaker, Dies at 96

    Scotty Bowers, a “sexual matchmaker” for dozens of stars during the Golden Age of Hollywood who wrote about his colorful — and sometimes unbelivable — life in his memoir “Full Service: My Adventures in Hollywood and the Secret Sex Lives of the Stars,” died at his Laurel Canyon home on Sunday. He was 96. The [...]

  • AMC theater

    AMC Entertainment Introducing On-Demand Movie Service

    AMC Entertainment will introduce an online video store in the United States on Tuesday. Adam Aron, AMC’s president and chief executive, said that the AMC Theaters On Demand will offer about 2,000 films for sale or rent after their theatrical runs — much like Amazon or iTunes. Disney, Warner Bros., Universal, Sony and Paramount have [...]

  • Scarlett Johansson poses for photographers upon

    Scarlett Johansson 'Pushing' for All-Women Marvel Movie

    After the epic battle scene in “Avengers: Endgame” depicted the female superheroes uniting to protect Spider-Man from Thanos, Marvel fans started wondering if they’ll ever see the women unite for a standalone movie. “Captain Marvel” star Brie Larson generated even more buzz when she told Variety that she and other female co-stars have approached Marvel [...]

  • Ivana Lombardi Netflix

    Annapurna Film Head Ivana Lombardi Named Director of Indies at Netflix (EXCLUSIVE)

    Annapurna Pictures president of film Ivana Lombardi is moving across town to Netflix, after almost a year in her role at Megan Ellison’s company. As of Nov. 6, Lombardi will serve as director of independent films at the streamer. She will report directly to Lisa Nishimura, Netflix’s vice president of independent film and documentary features. [...]

More From Our Brands

Access exclusive content