×
You will be redirected back to your article in seconds

‘Snowpiercer’ Producer Spackman Entertainment Heads for Stock Listing

HONG KONGSpackman Entertainment Group, one of the companies behind “Snowpiercer,” is to float its shares on the Singapore stock market.

The company is a Hong Kong-based holding company, whose principal assets are its three South Korean film production company subsidiaries. Spackman Entertainment Group is a subsidiary of Toronto-listed Spackman Equities Group.

The listing of Spackman Entertainment Group will see the sale of some 70 million shares at S$0.26 apiece raising a total of S$18 million, including S$13 million of new capital for the company. With 395 million shares in issue post the sale, Spackman Entertainment Group will have an implied market capitalization of S$103 million. Trading on the Catalist layer of the Singapore exchange is set to begin on July 22.

The company’s Korean subsidiaries include Opus Pictures, one of the producers of Bong Joon-ho’s “Snowpiercer;” and Zip Cinema, which last year produced “Cold Eyes,” the highly polished remake of Hong Kong thriller “Eye In The Sky.” A third Korean subsidiary takes financial positions in the films produced by Opus and Zip.

“The flotation, if successful, will provide additional capital for our Korea movie businesses and enable Zip Cinema and Opus Pictures to increase their collective slate of films for next year to at least 3 releases,” said Charles Spackman, chairman and CEO of Spackman Equities, in November last year when he raised a round of pre-IPO financing.

More Biz

  • U2, Seattle 14 May 2017

    U2 Drop New Song, ‘Ahimsa,’ Ahead of First Concert in India

    After a flurry of rumors on Thursday, U2 dropped their first single in two years: “Ahimsa,” a collaboration with Oscar- and Grammy-winning Indian musician AR Rahman, ahead of the group’s first-ever visit to the country next month. Rahman has a vast track record of film soundtracks and is best known for his work on the [...]

  • Sean "Diddy" Combs Revolt TV

    Sean Combs Slams 'Illusion of Economic Inclusion' at Comcast Amid Byron Allen Fight

    Sean Combs has come out swinging against Comcast in a lengthy statement prompted by the cable giant’s legal battle with Entertainment Studios chief Byron Allen. Combs accused Comcast of maintaining “the illusion of economic inclusion” in its handling of a carriage agreement with Combs’ Revolt TV channel. Combs was critical of Comcast for failing to [...]

  • Bon Iver Justin Vernon Grammys

    Bon Iver, Tanya Tucker, Thom Yorke Lead Indie Labels to 44% of Grammy Nominations

    Ever since Arcade Fire’s “The Suburbs” won Album of the Year at the 2011 Grammy Awards, independent labels have seen their star rise on “Music’s Biggest Night,” and that looks set to continue at the 2020 ceremony, where Bon Iver, Radiohead’s Thom Yorke, Yola, Alabama Shakes’ Brittany Howard, Elvis Costello and others have gotten big [...]

  • US Capitol

    Congress Introduces AM-FM Act to Revise Copyright Law for Terrestrial Radio

    Senator Marsha Blackburn and Rep. Jerrold Nadler today introduced the Ask Musicians for Music Act (AM-FM), which aims to revise existing copyright law for radio stations and musicians. Under the current copyright system, radio stations can use sound recordings over their airwaves without paying royalties to creators who own a stake in the sound recordings. [...]

  • Harriet Tubman Cynthia Erivo

    AMC Theatres Fires Three Employees Over Racial Profiling Incident During 'Harriet' Screening

    AMC Theatres has fired three employees in one of its Louisiana multiplexes after an incident during a screening of “Harriet.” An African American women’s group called the 504 Queens allege that 15 members were racially profiled while watching “Harriet” at AMC’s Clearview Palace 12 in Metairie on Nov. 7. A letter sent from the organization’s [...]

  • Byron Allen

    Byron Allen's Discrimination Suit Against Comcast Should Be Allowed to Move Forward

    More than anything, the Supreme Court justices seemed bemused. Comcast executives and entrepreneur Byron Allen came to the nation’s high court on Nov. 13 to duke it out over the racial discrimination case that Allen’s Entertainment Studios has pursued since 2015.  But the question put before the court was a narrow issue of legal precedent [...]

  • Christine Baranksi Karey Burke Coutney Kemp

    Christine Baranski, Karey Burke and Courtney Kemp Set for Brandon Tartikoff Awards

    Christine Baranski, “Power” creator and showrunner Courtney Kemp and ABC Entertainment chief Karey Burke are among the five recipients set for the 2020 Brandon Tartikoff Awards, to be handed out in January as part of the annual NATPE conference in Miami. Jeff Zucker, chairman of news and sports for WarnerMedia and president of CNN Worldwide, [...]

More From Our Brands

Access exclusive content