Showbox Corp. has entered into a co-production partnership agreement with horror specialist Jason Blum and his Blumhouse Productions and Ivanhoe Pictures to develop and produce six Korean-language genre films over five years.
Korea-based Showbox has produced “The Host” (2006), “The Chaser” (2008), “The Yellow Sea” (2010) amd “The Thieves” (2012). Blumhouse specializes in micro-budget movies, including the Paranormal Activity, The Purge, Insidious and Ouija franchises. Ivanhoe recently has co-produced and co-financed a slate of Asian films with Fox International Prods.
Films selected for funding under the partnership will be fully financed by Ivanhoe. Showbox will manage the production as well as marketing and distribution in Korea.
“We aim to recruit new writers and directors with unique ideas in Korea,” said Jeong-Hun You, CEO of Showbox. “I hope this will become an opportunity to revive the Korean thriller/horror film market and for capable Korean producers, writers and directors to advance into Hollywood, reaching a global audience.”
“We have always admired Showbox and are excited to partner with them on these co-productions while extending our relationship with Ivanhoe,” Blum said. “We look forward to bringing our love of genre to Korean audiences.”
Earlier this year, Showbox signed an exclusive agreement with China’s Huayi Brothers to co-produce at least six films over three years. Blumhouse and Ivanhoe previously partnered with Phantom Films to produce local language genre movies in India.
CAA brokered the deal on behalf of Blumhouse with Brian Kornreich for Ivanhoe Pictures.