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Tag: movie

  • Quuen movie inspires rock band instrument sales in Korea

    Quuen movie inspires rock band instrument sales in Korea

    Musical instrument sales are booming as Queen mania continues to sweep the country. Sales of instruments used by rock bands – like drums and guitars – have skyrocketed following the release of Freddie Mercury-biopic “Bohemian Rhapsody,” according to online shopping site Gmarket on Wednesday.

    The increase was most pronounced among customers in their 40s and 50s who grew up when Queen first hit the music scene in the 1970s and ‘80s.

    The film, which has been popular globally, opened in Korea on Oct. 31.

    According to data on instrument purchases between Nov. 3 and Dec. 2 released by Gmarket, over-50s consumers purchased 14 percent more electric guitars in that month compared to the same period last year.

    Consumers in that age range purchased 433 percent more drum sets and 129 percent more sticks for drumming. They bought 35 percent more digital pianos in the same period year on year. Sales of portable amplifiers – an essential tool for electric instrument players – doubled.

    Among consumers in their 40s, piano sales grew 50 percent year-on-year.

    The same demographic purchased 20 percent more electric guitars and 22 percent more drum sets in the same period.

    Notably, the purchase of portable headphone amplifiers increased eightfold among consumers in their 40s. These amplifiers improve the quality of sound heard through headphones, making them a popular tool for people who want to practice playing electric instruments by themselves or at night.

    “Consumers are showing more interest in [rock] band instruments as Queen songs sweep the music charts and flood the radios on the strength of “Bohemian Rhapsody’s” popularity,” said a Gmarket spokesperson. “Instrument sales have especially increased among men in their 40s and 50s.”

    “Sales of records and music by Queen also rose,” he added, “though there was no noticeable change in the purchasing patterns of younger consumers.”

    Koreans have shown an unusually high interest in the British rock band’s biopic compared to audiences elsewhere.

    According to film database Box Office Mojo, “Bohemian Rhapsody’s” box office gross in Korea is the third highest in the world, at $36,206,310 as of Nov. 25.

    Korea is only topped by the United States and Britain in ticket sales, and comes far ahead of runners-up Australia and France.

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  • Number of Cinema Screens in Indonesia Expected to Double Over Next 3 Years

    Number of Cinema Screens in Indonesia Expected to Double Over Next 3 Years

    The head of the Creative Economy Agency, or Bekraf, said he expects the number of cinema screens in Indonesia to double over the next few years, amid growing interest in the national film industry.

    “We expect to see at least 3,000 screens – twice what we have today. This is because local films thrive in small towns, but that’s also where we face a lack of theaters,” Bekraf chairman Triawan Munaf said on the sidelines of the World Conference on Creative Economy in Nusa Dua, Bali, last week.

    According to the agency’s 2019 Creative Economy Outlook, there are currently nearly 1,700 screens across the country. Triawan expressed hope that this could be nearly doubled over the next three years.

    The report further states that film is currently the fastest-growing subsector of Indonesia’s creative economy.

    However, as imported films still drive demand among moviegoers, the industry must figure out how to get local films to compete with those from abroad in terms of screening and scheduling.

    Triawan said the national film industry is growing rapidly, as illustrated by the fact that 40 percent of films screened in the country are local.

    This year, teen drama “Dilan 1990” attracted more than 6.3 million viewers nationwide, making it the second best-selling Indonesian film of all time after the 2016 reboot of the popular 1980s comedy franchise, “Warkop DKI Reborn: Jangkrik Boss! Part 1,” which boasted more than 6.8 million viewers.

    The number of moviegoers in the country has meanwhile also increased to more than 42 million by 2017 from around 16 million in 2015.

    More screens in other parts of the country can therefore facilitate this growth, as 183 of Indonesia’s 488 theater complexes are located on Java Island, Bekraf said.

    Cineplex 21, CGV Cinemas and Cinemaxx currently dominate the movie theater industry in Indonesia with 1,003, 275 and 203 screens, respectively.

    In her speech at last week’s conference in Bali, Finance Minister Sri Mulyani Indrawati also highlighted the importance of more vocational training to support the creative economy, of which the film industry is part.

    Despite the large number of moviegoers, many of them are less enthusiastic about local films because there are limited choices in terms of storyline and variety, which shows that there is a need for more quality screenwriters.

    “Indonesia has huge potential when it comes to writers and screenwriters, and this is an area we must explore further,” the minister said.

    Sri Mulyani also said that she was keen to learn more about the creative economy and how she could assist in its development.

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  • Korea’s snack prices increase as costs rise

    Korea’s snack prices increase as costs rise

    Nineteen Nongshim snacks, including its famous Shrimp Crackers, will cost more beginning tomorrow, the company announced on Tuesday. “We have decided to raise prices in the face of accumulated pressure from rising production, labor and management costs,” said a Nongshim spokesperson. “We have tried to minimize the scope of the price rise in consideration of our consumers.”

    According to the company, Nongshim will raise the prices of 19 out of its 23 snacks by an average of 6.7 percent beginning from Nov. 15.

    A 90-gram (3.17 ounces) bag of Shrimp Crackers, one of the company’s iconic products, will now cost around 100 won ($0.08) more than the current 1,200 won. The prices of other favorites, such as Onion Rings, Honey Twist Snacks and Tako Chips, will rise by 6.1 percent, while the price of Pretzels will jump by 7.4 percent.

    Tomorrow’s hike will mark the first time in over two years that Nongshim has increased snack prices. It upped the price of 15 of its snacks by an average of 7.9 percent in July 2016. In Feb. 2014, it increased the price of Shrimp Crackers by 10 percent.

    Earlier this year, competitors Crown-Haitai Confectionery and Lotte Confectionery began charging more for some of their snacks, both citing rising production costs.

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  • CGV to boost its presence in Vietnamese cinema market

    CGV to boost its presence in Vietnamese cinema market

    CJ CGV Vietnam Holdings said Friday it will further expand its presence in Vietnam by maximizing funds from its planned listing in Korea this month. The cinema chain based in Vietnam is scheduled to go public on Seoul’s main Kospi bourse on Nov. 16. It plans to issue 5.71 million shares, with the share price to be set between 18,900 won ($16.80) and 23,100 won, according to the firm and the bourse operator, Korea Exchange.

    “We find great potential in the Vietnamese market, as its population is approaching 100 million and its income and domestic demand have been on a rise, but the entertainment market has not been developed,” chief Shim Jun-beom told reporters.

    Wholly owned by CJ CGV, Korea’s largest multiplex cinema chain, CJ CGV Vietnam Holdings has operated the Vietnamese chain through its subsidiary CJ CGV Vietnam since 2011.

    It now leads the market there with 347 screens at 57 cinemas. In terms of film distribution and advertisement, CJ CGV also occupies the top spot.

    “We expect our market share to grow from the current level of 41 percent to around 60 percent in five years,” he added.

    Last year, sales of the holding firm came to 128.3 billion won, up 22.6 percent from the previous year, and its operating profit rose 4.8 percent on-year to 11.4 billion won.

    It has selected Hanwha Investment & Securities and Shinhan Investment Corporation as its lead managers for the IPO.

    In July, CJ CGV CEO Seo Jung said that the company aims to increase the number of its screens around the world to 10,000 in 11 countries by 2020.

    Currently, the multiplex chain, owned by the food and entertainment conglomerate CJ, is the world’s fifth-largest cinema chain with 3,459 screens around the world.

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  • Trinity Pictures co-makes two films with Chinese partners

    Trinity Pictures co-makes two films with Chinese partners

    Trinity Pictures, India’s first franchise feature film studio, is planning two landmark Indo-China co-productions to be released in fiscal 2018, according to Eros International Media.

    These are Kabir Khan’s travel drama The Zookeeper (working title) and Siddharth Anand’s cross-cultural romantic comedy Love in Beijing (working title), to be co-produced with China’s Peacock Mountain Culture & Media and Huaxia Film Distribution.

    The two films are the first ever Indo-China co-productions set in both India and China and will have Han Sanping, former chairman of China Film Group, as their creative producer. Sanping has produced more than 300 films and 100 TV series, including Red Cliff, Karate Kid and Let the Bullet Fly

    With the cast from both India and China — a leading Indian male actor and leading Chinese actress — Kabir Khan’s human drama, The Zookeeper, tells the journey of an Indian zoo keeper to China to find a panda to return to India with in order to save his zoo.

    Siddharth Anand’s cross-cultural romantic comedy, Love in Beijing — also with an A-lister Indian actress and leading Chinese male actor — is based on an Indian girl who falls in love with a Chinese man.

    Production costs for The Zookeeper by Kabir Khan are expected to be at about $25 million and Love in Beijing $15 million.

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  • Cinemaxx to Open First D-BOX Theatre in Indonesia

    Cinemaxx to Open First D-BOX Theatre in Indonesia

    D-BOX Technologies and PT Cinemaxx Global Pasifik (Cinemaxx), affiliate of Indonesia’s Lippo Group, are pleased to announce the conclusion of an agreement to install D-BOX immersive motion systems into the first auditorium in Indonesia in 2016.

    “The addition of D-BOX reinforces our commitment to give moviegoers the best cinematic experience possible” declared Mr. Mohit Dubey, President of Cinemaxx. “The D-BOX brand has international notoriety and we are absolutely convinced that today’s agreement, which may expand over time, will be a tremendous success for our business and the satisfaction of our guests.”

    “This announcement marks yet another milestone in our international expansion. Teaming up with an exhibitor like Cinemaxx is an important step in our mission to build on our presence throughout Asia”, mentioned Claude Mc Master, President and CEO of D-BOX Technologies. “Indonesia, the fourth most populous country in the world, is on an upward growth path. It also has a relatively young population which enthusiastically responds to the type of entertainment we provide”, added Mc Master.

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