Globalgate, Lionsgate’s burgeoning local-language production and co-financing affiliate, is joining forces with Argentina’s FilmSharks Intl. and Korea’s Lotte Entertainment to remake FilmSharks movie properties in Korea.
Announced Thursday, the three-way alliance will see Lotte, the Korean partner of Globalgate’s worldwide local-language consortium, exercise a first-look deal for Korean-language versions of properties licensed by FilmSharks.
The first project set up as part of the new partnership is the Korean remake of Ariel Winograd’s romantic comedy “No Kids,” which was announced in May 2017. FilmSharks Guido Rud said that it is also working with Globalgate on “several projects.”
“Lotte Entertainment is a dynamic and vital partner of Globalgate’s consortium,” said Globalgate partners William Pfeiffer, Clifford Werber and Paul Presburger. “We expect our expanding relationship with FilmSharks to deliver additional exciting commercial properties to Lotte and Globalgate.”
The alliance comes as several of the independent industry’s top players, led by Lionsgate in the U.S., are plowing into local- language versions of existing properties. Werber and Presburger, CEO of Lionsgate-Televisa’s Pantelion Films, were both involved in a Mexican remake of Constantin’s “Fack ju Gohte” which earned a combined $23 million in in Mexico and the U.S.
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A Korean version of Argentina’s “A Boyfriend for My Wife,” sold by Rud, grossed $5 million at Korean wickets; Televisa’s summer telenovela hit, “My Husband Got a Family,” was sourced from Korea.